New road map for real estate purchases and short-term rentals in Greece

New road map for real estate purchases and short-term rentals in Greece

Business

A series of sweeping changes to laws regulating the market for short-term property rentals via online platforms, such as Airbnb, is being planned by Greece's national economy and finance ministry, which will soon introduce the new measures. CE Report quoting Athens-Macedonian
These will even the playing field as regards the taxation of such properties relative to hotels and rented rooms, abolish the use of cash for property purchases and impose stricter penalties on owners and managers who fail to declare properties as short-term rentals to the tax office.

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