Greece has announced that it will provide tax breaks for a period of three years to homeowners who convert short-term rentals into long-term ones.
In addition, according to Prime Minister Kyriakos Mitsotakis, the government plans to raise the tax on short-term rentals and ban new licenses for daily rental of housing in the center of Athens.
With these methods, the country is trying to cope with the shortage of housing.
The boom in short-term rentals in Europe has already prompted such popular tourist regions as the Canary Islands in Spain, Lisbon in Portugal, Berlin in Germany and Florence in Italy to announce restrictions in the short-term rental sector. Many locals accuse her of fueling the rise in prices for buying and renting real estate.Athenians speak positively about the plans of the authorities.
Factors such as low wages, high inflation, and a shortage of long-term rental properties are fueling the housing crisis in Greece, which has still not recovered from almost a decade of debt crisis. People with low incomes, young couples and students suffer the most.
Source: Investor.bg
