Tax increase and new regulations were announced by the government’s economic staff detailing the new measures being put in place for the short-term rental industry in Greece.
One of the biggest new measures is the increase in the Climate Resilience Levy (CEL) for short-term rental accommodation. In particular, the TAKK for accommodation will increase from €1.5 to €8, while for villas and detached houses over 80 sq.m. the increase is from €10 right up to €15.
During the months of November to March, the TAKK will increase from €0.50 to €2 per day. The period of application of this lower fee has actually been extended by one month. Traditionally it applied from November to February, however under the new measures announced today it will be applicable through til March.
New licenses in Athens city centre
In line with what we’ve seen happeneing around Europe, and in addition to the tax increase, the government decided to suspend the granting of new permits for short-term rental accommodation in the municipality of Athens, namely in areas 1 (Koukaki, Plaka, Kolonaki, Syntagma – Omonoia – Monastiraki, Exarchia, Ilisia, Neapoli), 2 (Mets, Neos Kosmos, Agios Artemios, Pagrati) and 3 (Botanikos, Metaxourgeio, Gazi, Petralona, Roof, Thisio). The measure will apply from January 1, 2025 for a minimum term of one year, with the possibility of extension.
Also, the Minister of Tourism announced the application of both functional and safety standards for short-term rental accommodations.
The move is seen as an effort to address the surplus of short-term rentals in urban areas, which has led to rising property prices and housing difficulties for residents.
Stama’s reaction to tax increase
Short-term rental property managers, represented by the president of the Association of Short-Term Rental Property Companies, expressed their displeasure with the tax increase and other regulations, calling the government’s strategy tax-collective. Nasos Gavalas stated that the TAKK increase of 433% (!) just nine months after its initial implementation, is unfair and disproportionate for smaller accommodations.
He pointed out that entrepreneurs cannot plan their investments in the long term, as the measures are constantly changing.
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