The new costs for owners/managers will be passed on to the final prices, which will now reach the traditional rent – See comparison tables
New price increases of around 15% in short-term rental accommodation (Airbnb) are brought about by the new restrictions and standards set by the government.
The interventions, both with the new tax bill of the Ministry of Finance and the new framework of operational specifications and safety specifications brought by the proposed bill of the Ministry of Tourism, bring new costs for the owners/operators, which according to them will be passed on to the final prices .
According to the Free Press, experts are talking about a series of increases in the prices of short-term leases. They expect “definitely 15% increases to come.” The VAT is 13%, 2% is also included, it is the other taxes (TAK, Paraepidimounton, etc.)”, taxes and fees that will be included by the state and the managers will pass them on to the visitors.
In fact, rents have increased significantly and – depending on the property – are now comparable to those from Airbnb-style rentals. Almost the same money, but with significantly less landlord involvement and fewer responsibilities, is what property managers are now weighing and considering a return to traditional rent.
Although managers have done their calculations for 2025 and have “seen” the increases coming, they emphasize that it will not be a horizontal 10% or 15% across the market, as each region has its own peculiarities.
In the end, everything will be decided by the supply and demand relationship that will be formed next year. However, despite the price hike, operators say they will remain competitive with other markets in other countries and will not appear expensive to tourists.
Source: Skai
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