Peer-to-peer

Incentives for long-term leases – Airbnb bookings surpass hotels – Greece is the world’s fourth most expensive country – Penalties and support for small islands and low incomes

Prime Minister Kyriakos Mitsotakis has indicated potential measures to tighten regulations on short-term rentals, including considering a cap on rental days.

Airbnb is offering customers a chance to spend a night in a Paris museum, stay in houses mocked up to look like movie settings, or sleep surrounded by eight Ferrari racing cars.

A staggering 2% of homes in Cyprus are being utilized as accommodations listed on Airbnb, highlighting concerns about housing availability and regulatory oversight.

The data, focused solely on Airbnb listings, signifies a larger trend of properties being transformed into investment assets rather than meeting housing needs.

The European Parliament have approved new data-sharing rules that clamp down on illegal short-term rentals to protect the residents of European cities - many of whom face shortages of affordable housing.

The spread of short-term tourist lets via online platforms such as Airbnb has put pressure on the housing market in many places, as it cuts the availability of long-term rentals.

The third biggest concern was “economy and jobs”

The electronic tax platform for property owners to register income from short-term rentals as advertised on Airbnb and other websites will be up and running by the end of August, the head of the Independent Authority for Public Revenue (IAPR), Giorgos Pitsilis, said on Friday. 

The taxation of the peer-to-peer property rental market and the intensification of inspections by tax authorities from early 2018 are expected to discourage some property owners who use online platforms to lease their assets on a short-term basis to boost their income.