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Greece

Βραχυχρόνια Μίσθωση Laws in Greece

Βραχυχρόνια Μίσθωση Laws in Greece

Greece

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Introduction

Introduction to Βραχυχρόνια Μίσθωση in Greece

Greece’s short-term rental (STR) market has rapidly expanded, offering travelers authentic stays in top destinations like Santorini, Athens, and Crete, while making a substantial economic impact. STRs contribute millions in tax revenue, supporting local communities and the broader tourism sector, which is a key component of Greece's GDP. In 2022, a report by Professor George Doukidis said Short Term Rentals made up 1.65% of GDP of Greece. STRs booked via online platforms comprised of 21.5% of all overnight stays by tourists in Greece. With thousands of Greek properties listed on platforms such as Airbnb, Vrbo, and Booking.com, visitors enjoy a variety of options from island villas to city apartments. To foster sustainable growth and safeguard local housing, Greece has implemented regulations that balance the benefits of tourism with the needs of its communities, securing a sustainable future for the STR sector.

Overview

Greece’s short-term rental (STR) market has rapidly expanded, offering travelers authentic stays in top destinations like Santorini, Athens, and Crete, while making a substantial economic impact. STRs contribute millions in tax revenue, supporting local communities and the broader tourism sector, which is a key component of Greece's GDP. In 2022, a report by Professor George Doukidis said Short Term Rentals made up 1.65% of GDP of Greece. STRs booked via online platforms comprised of 21.5% of all overnight stays by tourists in Greece. With thousands of Greek properties listed on platforms such as Airbnb, Vrbo, and Booking.com, visitors enjoy a variety of options from island villas to city apartments. To foster sustainable growth and safeguard local housing, Greece has implemented regulations that balance the benefits of tourism with the needs of its communities, securing a sustainable future for the STR sector.

Property

Overview

1- Yes, Greece has a national association dedicated to short-term rentals: the Short-Term Accommodation Managers Association of Greece (STAMA Greece). Established in January 2020 by leading property management companies, STAMA Greece represents the interests of the short-term rental industry at both national and international levels. It is also a member of the European Holiday Home Association (EHHA) based in Brussels.

2- Greek Property Managers Association: This association focuses on property managers operating within Greece, offering support and resources to enhance property management services. They advocate for the interests of property managers and provide a platform for collaboration and knowledge sharing. To learn more about their activities and how to join, you can contact them directly through their official channels.

3- Hellenic Chamber of Hotels: While primarily representing hotels, this chamber also engages with broader accommodation providers, including short-term rental operators. They offer insights into the hospitality industry and work towards the development of tourism in Greece. Membership information is available on their website:

4- Confederation of Tourist Accommodation Entrepreneurs (SETKE): SETKE represents owners of small tourist accommodations, including short-term rentals. They provide support on regulatory matters, quality standards, and promote sustainable tourism practices. For membership inquiries, visit their official website

Joining these associations can provide valuable support, resources, and advocacy for individuals and businesses involved in Greece's short-term rental market.

Property

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short term rentals

What is Βραχυχρόνια Μίσθωση in Greece?

What are short Term Rentals in the Country?

Short-term rentals in Greece are defined as furnished properties rented for tourism purposes without a long-term lease agreement, typically for a period of less than three months. This definition applies to both individual rooms and entire properties, including houses and apartments. In Greece, short-term rentals are commonly referred to as “Βραχυχρόνια Μίσθωση” (Vrachychronia Misthosi) in Greek, translating to "short-term lease." Another local term used is “Τουριστική Ενοικίαση” (Touristiki Enikiasi), meaning "tourist rental." These terms apply broadly across Greece, especially in popular tourist regions like Athens, Crete, and the Cyclades islands. On booking platforms like Airbnb, Booking.com, Expedia and Vrbo, the English terms "vacation rental," "holiday rental," and "tourist accommodation" are widely used for Greek properties.

Is Subletting Legal?

Is Subletting Legal in Greece?

Yes

National Association for STR Owners

What is the maximum length of stay in Greece?

What is the maximum length of stay?

Greece does not enforce a strict nationwide maximum length of stay for short-term rentals. However, STRs in Greece are generally understood to be suitable for stays under three months to distinguish them from long-term rentals.

In high-demand areas like Mykonos, local authorities may impose guidelines or restrictions on the duration of rentals during peak tourist seasons, although these are more advisory than strictly enforced.

Is there any National Registration Requirement or Permit?

Yes, Greece requires hosts to register their STR properties with the government. All hosts must register their STR properties with the Independent Public Revenue Authority (AADE) and obtain a unique registration number called Property Registration Number (PRN). This number must be included in all advertisements. Hosts must also obtain an** EOT licence **from the Greek Tourist Board

Is there a need for Permission from Landlord/Local Council/Neighbors?

Is Short-term rental Income taxable?

Is there any National Tourism Fund or Tourist Tax?

Is there any Guest Registration and Reporting Requirement?

Is there any National Health and Safety Requirements?

Is there any Platform Accountability Requirement?

Is there any Anti-Discrimination Law?

Is there any Data Sharing Requirements?

Is there any National Insurance Requirement?

Is there any National Zoning law/Cultural Heritage law?

Is there any Environmental Regulations that affects STR?

Is there any National Tenant Protection Law?

Is there any Reporting Requirements for Foreigners?

Is there any Digital Platform Regulation Compliance?

Is there any Consumer Protection Law that affect STR?

Is there any Law that applies to Non-resident Owners?

Is there any classification of STR in the country?

Are there Special National Event Regulations?

Is there any Penalty for Violating National Rules?

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

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

Short-term rental properties in Greece must meet basic health and safety standards, including appropriate fire safety equipment, safe structural conditions, and cleanliness. These requirements are enforced to ensure guest safety, with additional inspections possible for high-density urban areas.

These include waste management, water conservation, and energy-efficient practices, which local municipalities encourage, especially in eco-sensitive regions.

During peak tourism seasons or national events, municipalities may impose additional regulations, such as shorter rental periods, increased security checks, and noise restrictions. For instance, heightened regulations may apply during Easter and summer festivals to ensure community safety and minimize disruptions.

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

Yes, income from short-term rentals in Greece is taxable, with various taxes applicable. Progressive Rental income is subject to income tax, with rates ranging from 15% to 45% depending on the total income generated from the rental. Rental income of €12,000 is taxed 15%; €12,000 - €35,000, 35; more than €35,000 at 45%.

From January 1st 2024, if you rent out one or two properties, then you will have to pay an accommodation fee (€1.50 per booking). Meanwhile, if you have three or more properties will be taxed as a business activity. You will have to pay 13% VAT and taxes and fees as if you were a hotelier.

Some regions in Greece, such as Athens, impose additional nightly taxes collected from guests and remitted by the host. This tax usually ranges from €0.50 to €4 per night based on the property type.

permits, license

Are there any Permits, Licenses, or Registrations for Βραχυχρόνια Μίσθωση in Greece?

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

Yes, Greece requires hosts to register their STR properties with the government. All hosts must register their STR properties with the Independent Public Revenue Authority (AADE) and obtain a unique registration number called Property Registration Number (PRN). This number must be included in all advertisements. Hosts must also obtain an** EOT licence **from the Greek Tourist Board

Is there any National Association for Βραχυχρόνια Μίσθωση owners in Greece?

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

1- Yes, Greece has a national association dedicated to short-term rentals: the Short-Term Accommodation Managers Association of Greece (STAMA Greece). Established in January 2020 by leading property management companies, STAMA Greece represents the interests of the short-term rental industry at both national and international levels. It is also a member of the European Holiday Home Association (EHHA) based in Brussels.

2- Greek Property Managers Association: This association focuses on property managers operating within Greece, offering support and resources to enhance property management services. They advocate for the interests of property managers and provide a platform for collaboration and knowledge sharing. To learn more about their activities and how to join, you can contact them directly through their official channels.

3- Hellenic Chamber of Hotels: While primarily representing hotels, this chamber also engages with broader accommodation providers, including short-term rental operators. They offer insights into the hospitality industry and work towards the development of tourism in Greece. Membership information is available on their website:

4- Confederation of Tourist Accommodation Entrepreneurs (SETKE): SETKE represents owners of small tourist accommodations, including short-term rentals. They provide support on regulatory matters, quality standards, and promote sustainable tourism practices. For membership inquiries, visit their official website

Joining these associations can provide valuable support, resources, and advocacy for individuals and businesses involved in Greece's short-term rental market.

National Association for STR Owners

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Disclaimer

Lodge compliance is not a licensed tax or financial advisor. Therefore nothing in the above article should be construed as tax, legal, or financial advice. Contact your local tax office for information regarding your personal circumstance.

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