Landlords opting for long-term
At least 2,270 houses and apartments in central Athens were taken off short-term rental platforms between the start of the year and the end of May, boosting the supply of properties for rent by the capital's residents.
That is the first concrete consequence of the pandemic on the housing market, as it has accelerated the exit of a number of hosts from short-term leasing, especially those who had already experienced a lukewarm year in 2019 due to sliding revenues.
According to figures compiled daily by AirDNA researchers, the number of active property ads on short-term rental platforms stood at 11,338 at the start of 2020, while that figure had dropped to 9,068 by end-May.
The data are confirmed in a similar analysis by property ads website Spitogatos, citing a study by Ernst & Young. The study, published Tuesday, recorded the same trend in the short-term...
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