The average annual income per AMA is around €7,350, according to Patelis. Regarding the new restrictions on short-term rentals in three Athens districts, he noted that in some central neighborhoods, short-term rentals exceed 5% of available housing, leading to concerns about social fabric disruption. “This measure will be implemented in early 2025, and by the end of the year, we will assess whether it should be extended,” Patelis remarked.
Patelis also highlighted the government’s commitment to creating better databases and ensuring greater transparency in the real estate market, noting that a wealth of information across different services must be consolidated. He pointed out that many areas of the country have not benefited equally from tourism growth, contributing to regional disparities, while he called the transition to climate-friendly buildings and energy upgrades a critical issue.
Valentina Reino, Head of Public Policy for Southern Europe at Airbnb, praised Greece’s collaboration with AADE, calling it a best practice in Europe. Reino emphasized how easy it is for hosts to register on Airbnb and comply with the law, with the process being automated and recurring annually. She also stated that in countries where rental restrictions were imposed, local communities saw no real benefit, and housing prices increased. She added, “In most areas, Airbnb has little to no impact on housing availability or pricing.”
In a panel discussion, Stratos Paradias, President of the Hellenic Property Federation (POMIDA) and the International Union of Property Owners (UIPI) expressed concerns about potential overregulation of short-term rentals and so-called “over-tourism.” He argued that short-term rentals have revitalized many Athenian neighborhoods and warned that the proposed cap on three properties in the city center could create significant issues for landlords.
Regarding the government’s proposed three-year tax exemption for bringing vacant properties back to the market, Paradias supported the initiative but cautioned against unnecessary restrictions. He emphasized that overregulation could reduce housing availability for younger generations.
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Publish date : 2024-10-22 06:46:00
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