This summer is expected to be the last when the field short term rental in Greece it works with the existing institutional structure and regime. According to market sourcesthe government intends to review the work of short-term rental housing, while the corresponding “voices” about the need for stricter regulation of the sector are also heard from opposition parties.

Therefore, it is expected that the next government will plan a series of changes for which a process of consultation has already begun with the institutional representatives of the sector, as well as with the hotel sector, which is trying to set up barriers to short-term rentals, but also an impressive VAT. Especially with regard to the latter, this is also an orientation at the EU level. and is expected to be implemented from 2025.

These developments are expected to discourage even more individual owners from exploiting their property through short-term rentals, especially if located in less popular tourist destinations. On the other hand, as industry representatives emphasize, “restrictions on overnight stays will hit the country’s tourism product and push the successful to the shadow economy and tax evasion. Furthermore, the right of municipalities to set a maximum percentage of homes for short-term rentals can only make sense if vacant homes are also taken into account.”

According to figures released by Key Data at the recent Short Stay Conference, in 2022 total short-term rental income was €3.46 billion. The number of overnight stays is estimated at 144,000 across the country, and the number of overnight stays was 20.87 million.