Greek government planning restrictions on owners of short-term rentals

Α Decrease font Enlarge font
Greek government planning restrictions on owners of short-term rentalsTheir turnover rose to 2 billion euros in 2018

Greek government is considering introducing restrictions on the utilization of properties advertised on short-term rental platforms such as Airbnb and HomeAway for holiday accommodation, ekathimerini.com reports. The restrictions will be imposed on individual owners as well as investors and professional agents who benefit from the new market.

A joint committee made up of officials from the ministries of Economy, Finance, Labor and Tourism will draft the ministerial decision that will determine the maximum number of overnight stays per year per property, a clearly determined number of properties utilized per taxpayer or company, as well as specific income limits.

The issue of short-term rentals was on the agenda of last week’s cabinet meeting, during which the government decided to set up the above committee due to their rapid growth – turnover approached 2 billion euros in 2018 – which has had negative consequences: these include a drop in property availability for long-term rentals, a wave of evictions (so that owners could cash in on the new market), a steep rise in rental rates in certain areas and a decline in turnover at hotel units.

The restrictions are already provided for in the legislation on short-term rentals, but their activation had been left to a joint ministerial decision; nevertheless, that has not yet been issued even though the framework has been in place since 2016. The law provides that:

  • 1) No more than two properties can be utilized as short-term rentals by the same tax registration number.
  • 2) No property can be leased out for more than 90 days per calendar year; for islands with a population of less than 10,000 inhabitants, the limit has been set at 60 days.
  • 3) For the limit of 90 days (or 60 days for small islands) to be exceeded, hosts will have to prove that their total rental revenues do not exceed 12,000 euros per annum.

It is not certain that these restrictions will apply to the whole country: The law allows for their enforcement only in the areas where housing has to be protected.

The joint committee will also have to determine the possibility of restrictions on the professional utilization of such rentals, which surpasses 50 percent of all short-term leases.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: pixabay.com

Tornos
  1. 15/06 20:15

    Protest at Greek Embassy in DC on alleged abuse of Santorini donkeys (videos)

  2. 15/06 15:16

    Travel Report: Chios, a wonderful and unspoiled Greek island

  3. 14/06 22:09

    Greek chef enters Guinness World Record by cooking 3,378 burgers in an hour

  4. 14/06 21:49

    Tolls to rise on Athens highway of Attiki Odos on July 1 and January 1

  5. 14/06 20:19

    US Ambassador Pyatt leads Greek executives to USA investor summit

  6. 14/06 15:40

    Greek civil service staff changes and holidays suspended ahead of elections

  7. 14/06 15:29

    Wage index in retail commerce sector rises 8.3% in Greece during Q1

  8. 14/06 11:44

    Greek island of Lesvos goes retro for Gen Next Party in Australia

  9. 14/06 03:28

    New programme for sustainable investments in infrastructure in Greece

  10. 14/06 03:13

    Ambassador lauds Greek participation in 2019 SelectUSA Investment Summit

  11. 14/06 02:48

    First sanctuary for rescued dolphins opens on Greek island of Lipsi

  12. 14/06 01:01

    Bayern Munich star Alaba visits Mykonos with his personal Pastor

  13. 13/06 23:04

    Hellenic Chamber of Hotels survey: Prices reduced by up to 13% this year

  14. 13/06 21:56

    Global Editors Network Summit 2019 opens at SNFCC in Athens

  15. 13/06 21:41

    Lesvos Food Festival to be held on July 2-7

  16. 13/06 21:35

    Greece climbs 14 spots on Global Peace Index for 2019

  17. 13/06 21:00

    Christiano Ronaldo on holiday at favorite Greek resort in the Peloponnese

  18. 13/06 19:49

    13th annual LA Greek Film Festival closing night and Orpheus Awards

  19. 13/06 17:25

    Visitors and revenues to museums and sites rise in Greece during February

  20. 13/06 15:43

    Americans prefer European wines

  21. 13/06 13:33

    North Macedonia corrects provocative tourism promotion following uproar

  22. 13/06 11:52

    Revival of the Hippocratic Oath by Doctors of the East and West

  23. 13/06 11:17

    Infographic: Most and least peaceful countries in the world

  24. 13/06 03:22

    Greek FM discusses trilateral cooperation with Bahrain during working visit

  25. 12/06 22:11

    Survey: Top CEOs in Greece confident of FDI rise in next five years

  26. 12/06 21:57

    Lidl proceeds with additional investment in Greece of €120 million this year

  27. 12/06 17:46

    Medical Tourism: Diagnostic centres to reopen in Greece on Thursday

  28. 12/06 15:10

    Nicosia’s history presented during ”Cypriot Miniatures” event in Berlin

  29. 12/06 02:30

    Social innovation hub in Athens: 'Schedia Home' open and waiting for guests

  30. 12/06 02:27

    Ambassador Pyatt in DC to talk geostrategic alliance of US and Greece (video)

  31. 12/06 02:21

    Winner of EU elections in Greece: Elliniko to get unstuck in a week

  32. 12/06 02:16

    Work stoppages for Athens metro and tram on Friday

  33. 12/06 02:03

    ‘Mr Bean’ is currently enjoying a summer vacation in Greek island of Crete

  34. 12/06 01:46

    Cosco concludes labor agreements with workers at Greek port of Piraeus

  35. 12/06 01:36

    Greek enterprises wait four months for payments from state

  36. 11/06 22:01

    2019 LA Greek Film Festival announced Orpheus Awards Winners (video)

  37. 11/06 21:21

    Three Greek resorts win top European awards

  38. 11/06 19:15

    New Democracy leader Mitsotakis outlines plans for his government

  39. 11/06 17:58

    EU Commission greenlights prolongation of Greek bank guarantee scheme

  40. 11/06 17:55

    UK issues strange new travel warnings for Brits travelling to Greece

  41. 11/06 15:50

    Greek amphitheater on show at New York’s Governors Island

  42. 11/06 13:37

    Underground "shell" to showcase ancient mass grave of shackled skeletons

  43. 11/06 11:21

    Favorable wind for the 5th Greek Maritime Golf Event in the Peloponnese

  44. 11/06 02:40

    Papafi Metro Station in Thessaloniki to be concluded within June

  45. 11/06 00:34

    Greek and Russian FMs affirm desire to strengthen bilateral ties

  46. 11/06 00:28

    Striking image of Athenian coffee scene in 1926 goes viral

  47. 11/06 00:17

    Florence + the Machine ending 2019 world tour with show at Athens Acropolis

  48. 10/06 23:59

    Greek olive oils win 23 awards at 2019 Los Angeles IOOC

  49. 10/06 23:52

    Greek PM asks President for Parliament dissolution and snap elections

  50. 10/06 23:48

    Marriott International opens Second Four Points by Sheraton in Tanzania

  51. 10/06 21:41

    Art Athina to take place in September due to upcoming general elections

  52. 10/06 19:36

    New EU-funded programme for sustainable tourism on Rhodes and Santorini

  53. 10/06 19:30

    Greek Minister: World Heritage sites Delos and Daphni to get restoration funding

  54. 10/06 17:24

    1st Fertility Festival in Athens focused on medical tourism and travel

  55. 10/06 16:08

    Bigger and brighter Jupiter in Greek night sky on Monday

  56. 10/06 15:15

    Lebanon interested in real estate investment and tourism in Greece

  57. 10/06 13:04

    5th Posidonia Sea Tourism Forum 2019 sets new attendance records

  58. 10/06 11:51

    Greek Investment Roadshow in three US cities between June 10-14

  59. 10/06 03:08

    Lebanese Minister: We have a lot to learn from Greece in tourism

  60. 10/06 02:51

    Athens bourse records 13-month peak ahead of early elections on July 7

  61. 10/06 00:50

    Hellenic Initiative’s ”Montreal Cocktail” gala raises a handsome $200,000

  62. 10/06 00:43

    Maintenance works for Olympic Stadium and other facilities in Athens

  63. 08/06 19:34

    Pia Miller experiences “joy” and “paradise” on Greek island of Kastellorizo (video)

  64. 08/06 19:12

    Wellness Tourism: Meditation vacations offer ideal opportunity to unwind

  65. 08/06 17:40

    First Greek Festival in Lebanon commences in Byblos (videos)

  66. 08/06 15:30

    Greek trade deficit down in April as exports grow twice as fast as imports

  67. 08/06 13:25

    Maria Menounos and husband enjoying their vacation on Crete island

  68. 08/06 11:20

    ND leader in Rhodes to discuss how to support tourism infrastructure

  69. 08/06 11:02

    How Athens’ iconic Omonoia square has evolved during the decades

  70. 08/06 00:41

    New South Wales Pankration Championship 2019 attracts more than 50 athletes

  71. 07/06 19:35

    Deal for sale of Golf - North Afandou site in Rhodes signed

  72. 07/06 19:22

    First "Greek Panorama": Alternative and culinary tourism show in Athens

  73. 07/06 18:10

    Space Tourism: NASA opens space station to visitors (video)

  74. 07/06 18:03

    Special vessels remove litter from Thermaikos Gulf of Thessaloniki

  75. 07/06 16:26

    Ten-day Spanish culinary festival at the Athens Hilton

  76. 07/06 13:40

    5th Annual Greek Jewish Festival on Broome Street in New York

  77. 06/06 23:09

    New ferry route to link Piraeus port with Greek islands of Chios and Lesvos

  78. 06/06 22:26

    Amazing spectacle as jet skiers cross the Corinth Isthmus

  79. 06/06 21:41

    Prime Minister Alexis Tsipras: Greek tourism now needs a new growth model

  80. 06/06 21:03

    Hybrid wind and hydro power unit on Ikaria to produce half of isle's energy

  81. 06/06 17:49

    UNWTO: Exports from global tourism hit USD 1.7 trillion

  82. 06/06 17:35

    K. Mitsotakis: How will the ND government support tourism development

  83. 06/06 16:19

    Yo-Yo Day on June 6 report: Yes, Greeks invented this too

  84. 06/06 16:04

    EU Commission: Sunday opening boosts shopping in Greece mainly by tourists

  85. 06/06 15:58

    EU: Greece and Cyprus offer the highest numbers of clean swimming waters

  86. 06/06 15:56

    UK's shipping minister Nusrat Ghani visits Greek port of Piraeus

  87. 06/06 15:41

    Works for Athens Riviera coastal avenue new section done by end of month

  88. 06/06 15:03

    TUI Airtours: Greece among top choices for luxury holidays

  89. 06/06 14:05

    First mosque opens in Athens on June 7 following years of delays

  90. 06/06 13:41

    World’s first 360-degree infinity pool atop London skyscraper

  91. 06/06 13:13

    Team Greece headed to Minsk and European Games in Prime Minister's state aircraft

  92. 06/06 11:07

    Aceramic Neolithic site discovered in Troodos mountains of Cyprus

  93. 06/06 10:31

    Rainbow Warrior in Greece to boost Greenpeace's campaign on climate change

  94. 05/06 23:34

    “The Greeks. From Agamemnon to Alexander the Great” show travels to Korea

  95. 05/06 23:30

    Cyprus Tourism Deputy Minister: Arrivals expected to be lower than last year

  96. 05/06 23:07

    New single calls for return of Elgin Marbles to Athens (video)

  97. 05/06 22:48

    Greek economy slowdown brings Central Bank governor warning

  98. 05/06 22:41

    Religious Tourism: New Archbishop of Australia meets Greek President

  99. 05/06 22:24

    American Philhellenes Society to erect Memorial Monument in Illinois

  100. 05/06 21:56

    State Department encourages Cyprus to engage further with the United States