Brief-term leases stay largely a site for small gamers, per an evaluation by PriceLabs. Virtually 80% of the listings on on-line short-term rental platforms concern people or managers with portfolios of as much as 10 properties.
About 35% of the overall, or 47,000 advertisements, concern particular person homeowners with one property, whereas 44% (57,800 advertisements) concern those that handle between two and 10 property. In fact, a lot of them, particularly those that have two or three properties in whole, are basically people and never professionals within the sector. Additionally, 11% of managers have between 11 and 50 listed lodging and solely 10% have 50 or extra property.
In keeping with PriceLabs information introduced on the current Brief Keep Convention in Athens, organized by the Brief-Time period Lodging Managers Affiliation (STAMA), final December, roughly 132,500 lodging throughout Greece had been registered on the platforms – 11% greater than in 2023.
In the meantime, based mostly on tax authority information, at end-2024 the true property registry recorded 213,000 lodging, up from 177,000 in 2023 and 139,000 in 2022. Nevertheless, a part of the 2024 enhance has not but been mirrored within the registration information (which additionally explains the mismatch with PriceLabs information), as many properties do have a Property Registration Quantity (PRN), however haven’t but been registered. Primarily, many house owners and managers proceeded to concern a PRN with out having the intention of instantly using the property, with a view to forestall the ban that got here into impact on January 1 within the middle of Athens.
Concerning the declared revenue, in 2024 this amounted to 874 million euros, in comparison with €746 million in 2023 and €544 million in 2022, whereas the tax compliance price reached 95%.
By way of demand, in line with PriceLabs, in a single day stays recorded a rise of 16% in comparison with 2023, whereas they peaked in August, when 2.5 million in a single day stays had been recorded. Occupancy in Greece in August reached 80%, whereas its lowest level was in January, which barely exceeded 25%.
