On the table from the beginning of 2023 the discussion about enforcement of Airbnbwhich while bringing revenue to the state has created a problem in the availability and prices of properties for rent and sale, especially in urban areas.
According to information, discussion will start from zero basehowever it seems that the government is oriented towards to impose restrictions on the number of properties which may be leased by an owner, as well as to set a maximum time limit in which he will be able to utilize the property on the platform.
Different treatment will be on companies or them administrators where they rent out many propertieswhile changes will also be made to taxation.
- In particular, with regard to real estate managers and large companies, what is being considered is for them to become legal entities and receive a special operating mark. In these cases VAT and accommodation fee will be charged as in hotels.
- Restrictions as for him number of houses which can be rented out from a VAT number.
- Configure time limits regarding the lease of the houses for short term rental in collaboration with the municipalities.
- Restrictions as for him number of houses which can be rented out from each VAT number.
- VAT imposition. Today Airbnb owners are not required to pay VAT. From 2025, however, this will change at European level and VAT will be available on short term leases. For property owners, the VAT will be withheld by the platform and paid to the Greek State, so that the owners do not have to open books.
The short-term rental law
It is worth noting that in 2016 a law was passed that included a series of “tools” to limit short-term rentals, however a ministerial decision was never issued to make it concrete.
Specifically, the law states: By joint decision of the Ministers of Economy and Development, Finance and Tourism, for reasons related to the protection of the residence, geographical areas may be defined, where restrictions will apply to the availability of real estate for short-term rental as follows:
a. Do not allow the short-term rental of more than two properties per TIN of beneficiary income.
b. The lease of each property should not exceed 90 days per calendar year and for islands with less than 10,000 inhabitants 60 days per calendar year.
Exceeding the duration is allowed, as long as the total income of the lessor or sublessor, from all the properties available for lease or sublease, does not exceed 12,000 euros per year.
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