Short-term rentals in Greece are set to generate 830 million euros in tax revenue by the end of 2024, marking a significant increase from previous years, according to the head of Greece’s Independent Authority for Public Revenue (AADE). In the first nine months of 2021, tax revenues reached 742 million euros, compared to 740 million euros for the entire year in 2023.
With nearly 90% of legal entities renting out more than three properties properly registered and paying taxes, compliance with property legislation is high. There are currently 100,000 properties registered as short-term rentals nationwide, with the majority owned by individuals being leased for over three months.
To address concerns about short-term rentals impacting the housing market, the government has introduced measures to tighten regulations, including a cap on rental days and a one-year freeze on new registrations in saturated areas of Athens. Economic advisor to the prime minister, Alexis Pateli, stated that the effectiveness of these measures will be assessed at the end of 2025 for potential extension.