Introduction

Enveloped in turqoise waters, graced with ancient architecture and pulsating with a rich vibrant culture, the picturesque landscapes of Greece have welcomed tourists from around the world for centuries. Known as the land where multiple civilizations have intertwined, Greece offers not just an exploration into its cultural heartland, but a comfortable stay to soak in its charm. Over the past few years, there has been a significant spurt in short-term rentals in Greece. These accommodations, varying from charmingly rustic cottages in the islands to swanky apartments in bustling Athens, provide opportunities for travelers to live, however temporarily, the Greek way of life. As the interest in more immersive travel experiences grows, the dynamics of the traditional tourist accommodation have been significantly transformed. This research delves into understanding the evolving realm of short-term rentals in Greece, providing a comprehensive and intriguing insight into their role in reshaping the tourism landscape in this magnificent country.

Overview

Yes, there indeed is an association in Greece that supports short-term rental property owners. This organization is named the Panhellenic Federation of Property Owners (PASIDA). However, it's worth mentioning that this group represents all property owners, not exclusively those offering short-term rentals. Nonetheless, they have significant value and advice to offer to anyone looking to invest in or run a short-term rental business in Greece.

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What are short Term Rentals in the Country?

Short Term Rentals in Greece capture the vibrant blend of ancient allure and modernity, providing an immersive experience for visitors in the comfort of a home-like environment. This concept refers to the rental of apartments, villas, or homes for a duration typically less than six months, offering a unique and personal alternative to traditional accommodation options such as hotels. In the scenic landscapes of Greece, these rentals ride on the wave of hospitality characteristic of its people, mirroring the hubbub of city life, tranquility of the country, or serenity of the surrounding islands. With the convenience of modern amenities and the freedom to create your own itinerary, short term rentals in Greece offer the ultimate, tailor-made Greek experience at your own pace, catering to the needs of winter sun seekers, ancient history enthusiasts, and food lovers alike.

What is the maximum length of stay?

The maximum length for short term rentals in Greece is typically up to a year. However, many contracts, particularly those aimed to vacationers, may be much shorter, ranging from a few days to a few months. The specific duration of the rental agreement is often something that is negotiated between the property owner and the tenant. It’s also worth noting that there might be regulations in place in certain municipalities or regions as the short term rental market is regulated by local laws.

Is there any National Registration Requirement or Permit?

Yes, in order to legally operate short-term rentals in Greece, a specific registration is required. The property owner must register their property on the Greek government's electronic platform for short-term leases, known as the Short Term Residence Property Registry.

Once the property is registered, the owner will receive a unique Rental Property Registration Number that must be included in every online listing and advertisement for the property.

In addition to the registration, the owner must also ensure that they are meeting all tax obligations. They are required to declare their income from rentals to the Greek Tax Authority on an annual basis and pay the necessary taxes based on the income earned.

Property owners are also required to keep a record book and an electronic bookings registry, where they record the details of all the tenants and stays. This is to ensure that there is a record of all short-term lease transactions.

In addition to these, depending on the area where the property is located, there might be other local regulations or permits required. For example, if the property is located in an area protected by the cultural heritage laws, there might be special restrictions or requirements.

Failure to comply with these requirements can result in hefty fines.

For anyone considering short-term rentals in Greece, it would be wise to seek advice from a Greek property lawyer or professional adviser who is familiar with the latest laws and regulations.

Are there National Rules or Regulations Governing Short-Term Rentals in the Country?

Yes, indeed Greece has implemented various national rules and regulations regarding short-term rentals. These regulations were put in place to better regulate the booming industry, primarily stimulated by platforms such as Airbnb.

Owners who are renting their properties on a short-term basis in Greece should note:

They must declare their property to the Greek Independent Authority for Public Revenue.
Short-term rentals in Greece are characterized as 'furnished rooms rental businesses', and hosts must obtain a relevant license from the Greek tourism organization, EOT.
Each listing must have an EOT number displayed online, including on Airbnb, Booking.com, and similar platforms.
The annual income earned from short-term rentals is subject to income tax. The rate depends on the total income earned: It is 15% for income up to €12,000, 35% for income from €12,001 to €35,000, and 45% for income over €35,000.
Hosts must also pay a "stayover tax", a small nightly charge applied to each booking, which will be added to the guest's bill and ranges from €0.50 to €4.00 per night, depending on the type of accommodation.
Finally, hosts must maintain a guest book and transmit occupancy data to the tourism ministry in order to allow complete tax transparency and ensure healthy competition between the traditional hotel industry and the short-term rental industry.

These regulations have been put in place to ensure that everyone takes a fair part in contributing to the Greek economy, while also ensuring that properties meet safety and quality standards for the benefit of guests.

Is there any National Tax that affects short-term rental?

Yes, indeed. In Greece, there is a specific tax that applies to property owners who want to rent out their property on a short-term basis. This tax, referred to as the Stayover Tax, came into effect in January 2018. The amount of tax levied depends on the kind of property. For instance, it varies from 0.5 Euros to 4 Euros per night. Additionally, income from short-term rentals in Greece is subject to income tax rates that range from 15% to 45%, again based on the total income. Lastly, property owners must also be registered to the Independent Authority for Public Revenue to offer a short-term rental, and this involves a yearly fee.

Are there any Permits, Licenses, or Registrations for Short-term Rentals in the Country?

Once the property is registered, the owner will receive a unique Rental Property Registration Number that must be included in every online listing and advertisement for the property.

Failure to comply with these requirements can result in hefty fines.

For anyone considering short-term rentals in Greece, it would be wise to seek advice from a Greek property lawyer or professional adviser who is familiar with the latest laws and regulations.

Is there any National Association for STR owners in the Country?

Greece

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