Restrictions on the registration of new short-term rental properties, adopted in Athens from 2025, will extend to other key regions. This sets a precedent for other "hot" markets in the country, signaling a systemic approach.
A key innovation. When a property owner changes in restricted areas, a short-term rental permit does not automatically transfer to the new owner. This radically changes the investment logic: the license becomes personal and non-transferable, reducing the liquidity and investment attractiveness of such assets.
Already registered properties in Athens and Thessaloniki, especially those with advantageous locations, may temporarily increase in value as a "scarce asset". However, selling them to new investors specifically targeting the Airbnb business will become problematic, as the license will have to be obtained anew under new, stricter rules.
It is expected that some of the facilities will return to the long-term rental market. This may put moderate restraining pressure on rental rates.
Thus, Greece is consistently moving towards a division of markets: tourist accommodation (hotels, legal apartment hotels) and residential housing (long-term rentals, sales). The goal is not to destroy short-term rentals, but to bring them out of the shadows, reduce their volume and integrate them into the overall strategy of sustainable urban development. Learn more about this was discussed in the article.
Source: Travel and Tour World
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