FlipKey
Property prices recorded robust growth of 7.3 percent last year
Property prices in Greece recorded their biggest rise of the last decade last year, as the RE/MAX estate agency network's annual survey points to an average increase of 7.3 percent from 2017, when annual growth had only come to 1 percent.
New tax legislation likely to shake up short-term property lease market
A new law passed by Parliament in late December requires that property owners who use digital platforms such as Airbnb, Tripping and FlipKey to lease accommodation to tourists for short periods pay up to 45 percent in tax on their income, with the purpose of boosting state funds.
Many Athens apartments only available for short-term leasing
The rapid rise of short-term property leasing to tourists via online platforms such as Airbnb, HomeAway, FlipKey and HouseTrip has turned the Greek property market upside down.
Extra tax to be charged per night on Airbnb-style property rent
Greece's first regulatory framework on property rentals via websites such as Airbnb, HomeAway, FlipKey and HouseTrip will introduce a 5 percent tax per night and impose a fine of 50,000 euros on owners who do not enter their details in the relevant register. Owners' revenues will also be taxed at the rates used for rental incomes (between 15 and 45 percent), depending on the income level.