{"id":34350,"date":"2025-11-19T23:34:25","date_gmt":"2025-11-19T20:34:25","guid":{"rendered":"https:\/\/bnbnews.gr\/?p=34350"},"modified":"2025-11-19T23:41:01","modified_gmt":"2025-11-19T20:41:01","slug":"short-term-rentals-the-real-data-behind-the-debate-on-overtourism-and-the-housing-crisis","status":"publish","type":"post","link":"https:\/\/bnbnews.gr\/en\/news\/34350\/short-term-rentals-the-real-data-behind-the-debate-on-overtourism-and-the-housing-crisis\/","title":{"rendered":"Short-term rentals: The real data behind the debate on overtourism and the housing crisis"},"content":{"rendered":"<p data-start=\"391\" data-end=\"738\">At Kathimerini\u2019s Reimagine Tourism conference, representatives from the real-estate sector, digital platforms and development consultancies presented evidence on where short-term rentals truly have an impact\u2014and where public narratives are misleading.<\/p>\n<p data-start=\"740\" data-end=\"1161\">During the panel <strong data-start=\"757\" data-end=\"808\">\u201cShort-Term Rentals and Destination Resilience\u201d<\/strong>, held as part of Reimagine Tourism, four key market representatives \u2014 Nasos Gavallas (STAMA Greece), Georgios Dafnos (Remaco), Dimitris Melachroinos (Spitogatos) and Matteo Sarzana (Airbnb) \u2014 attempted to answer a question that dominates public debate: do short-term rentals contribute to overtourism, high housing costs and pressure on neighbourhoods?<\/p>\n<p data-start=\"1163\" data-end=\"1304\">With clarity, documentation and differing perspectives, they demonstrated that the reality is far more complex than the prevailing narrative.<\/p>\n<h2 data-start=\"1311\" data-end=\"1376\"><strong data-start=\"1315\" data-end=\"1376\">Overtourism: Yes or no? \u201cNot even close,\u201d says the market<\/strong><\/h2>\n<p data-start=\"1377\" data-end=\"1643\">Nasos Gavallas (STAMA) dismantled the idea that Athens is experiencing overtourism, stressing that discussions often compare the city to major European destinations such as Barcelona or Rome. \u201cWith the numbers we see today, we cannot speak of overtourism,\u201d he noted.<\/p>\n<p data-start=\"1645\" data-end=\"1784\">Dimitris Melachroinos (Spitogatos) focused on real-estate demand, which has increased significantly \u2014 though not solely because of tourism.<\/p>\n<p data-start=\"1786\" data-end=\"2018\">Georgios Dafnos (Remaco) clarified that pressure points exist but are <em data-start=\"1856\" data-end=\"1863\">local<\/em>, for example around the Acropolis, and do not indicate city-wide overtourism: \u201cWe need to examine specific geographic zones, not generalise about Athens.\u201d<\/p>\n<h2 data-start=\"2025\" data-end=\"2072\"><strong data-start=\"2029\" data-end=\"2072\">Athens\u2019 \u201cfreeze\u201d: A European case study<\/strong><\/h2>\n<p data-start=\"2073\" data-end=\"2306\">Matteo Sarzana (Airbnb) described the government\u2019s new measures not as a \u201cban\u201d but as a targeted <strong data-start=\"2170\" data-end=\"2180\">freeze<\/strong> on new listings in specific central zones. According to him, the Greek approach may be \u201cthe best model in Europe\u201d because it is data-driven, it is reviewed annually, it allows the city to adapt to demand shifts and it disperses tourism into new neighbourhoods.<\/p>\n<p data-start=\"2445\" data-end=\"2531\">\u201cYou cannot adopt a rule and expect it to last forever. Cities change,\u201d he emphasised.<\/p>\n<h3 data-start=\"2538\" data-end=\"2604\"><strong data-start=\"2542\" data-end=\"2604\">Is Airbnb causing housing prices to rise? The data says no<\/strong><\/h3>\n<p data-start=\"2605\" data-end=\"2723\">The panel was unequivocal: short-term rentals have an impact, but they are <strong data-start=\"2680\" data-end=\"2703\">not the main driver<\/strong> of price increases.<\/p>\n<p data-start=\"2725\" data-end=\"3012\">Gavallas cited University of Athens and AUEB data showing that only <strong data-start=\"2793\" data-end=\"2799\">3%<\/strong> of housing stock in Athens is used for short-term rentals. \u201cThree percent cannot be responsible for everything,\u201d he said, stressing that the real issue is the \u201clack of affordable housing, not housing in general.\u201d<\/p>\n<p data-start=\"3014\" data-end=\"3269\">Melachroinos added that the core problem is limited supply and high renovation costs. \u201cShort-term rentals are the cherry on top \u2014 not the cake,\u201d he noted. Moreover, long-term rental yields (around 5%) are not enough incentive for the renovations required.<\/p>\n<p data-start=\"3271\" data-end=\"3426\">Dafnos confirmed that Remaco\u2019s studies do not show a direct causal link between Airbnb growth and property sale prices: effects exist but are not decisive.<\/p>\n<h3 data-start=\"3433\" data-end=\"3504\"><strong data-start=\"3437\" data-end=\"3504\">European bans: when good intentions produce the opposite effect<\/strong><\/h3>\n<p data-start=\"3505\" data-end=\"3608\">Sarzana warned about the consequences of full prohibition models, citing Manhattan as an example where:<\/p>\n<p data-start=\"3610\" data-end=\"3754\">\u2022 hotel prices surged by up to 25%<br data-start=\"3644\" data-end=\"3647\" \/>\u2022 the underground short-term rental market expanded<br data-start=\"3698\" data-end=\"3701\" \/>\u2022 rents did not decrease<br data-start=\"3725\" data-end=\"3728\" \/>\u2022 the state lost revenue<\/p>\n<p data-start=\"3756\" data-end=\"3858\">Regarding Barcelona\u2019s upcoming decision, he cautioned that it \u201cwill lead to exactly the same outcome.\u201d<\/p>\n<p data-start=\"3860\" data-end=\"4007\">Bans, he argued, \u201ccriminalise people who invested in upgrading properties\u201d and fail to eliminate a phenomenon present in every major European city.<\/p>\n<h3 data-start=\"4014\" data-end=\"4065\"><strong data-start=\"4018\" data-end=\"4065\">The need for real data and policy stability<\/strong><\/h3>\n<p data-start=\"4066\" data-end=\"4274\">Gavallas strongly criticised the constant legislative changes: \u201cA new law every three months \u2014 that\u2019s irrational.\u201d He also stressed the absence of measurable KPIs to assess the actual impact of interventions.<\/p>\n<p data-start=\"4276\" data-end=\"4472\">Melachroinos highlighted the need for renovation incentives to reduce the high percentage of vacant apartments, as well as solutions to bureaucratic hurdles that keep properties out of the market.<\/p>\n<p data-start=\"4474\" data-end=\"4646\">Dafnos reiterated that policy cannot be one-size-fits-all: \u201cEach area is affected differently \u2014 some experience pressure, others need short-term rentals to be revitalised.\u201d<\/p>\n<h3 data-start=\"4653\" data-end=\"4721\"><strong data-start=\"4657\" data-end=\"4721\">Airbnb and cities: when the platform supports sustainability<\/strong><\/h3>\n<p data-start=\"4722\" data-end=\"4945\">Sarzana referred to the recent <a href=\"https:\/\/bnbnews.gr\/en\/news\/34295\/airbnb-city-of-athens-new-investment-for-the-revitalization-of-lycabettus-hill\/\">agreement with the Municipality of Athens to upgrade the Lycabettus Hill area<\/a>. He described it as \u201ca commitment to the city,\u201d emphasising that dispersing tourist traffic is a central priority.<\/p>\n<p data-start=\"4947\" data-end=\"5187\">Closing the discussion, he reminded the audience that the Greek tourism market has characteristics that make short-term rentals essential: \u201cWithout them, the country would not have the infrastructure needed to host the additional visitors.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Kathimerini\u2019s Reimagine Tourism conference, representatives from the real-estate sector, digital platforms and development consultancies presented evidence on where short-term rentals truly have an impact\u2014and where public narratives are misleading. During the panel \u201cShort-Term Rentals and Destination Resilience\u201d, held as part of Reimagine Tourism, four key market representatives \u2014 Nasos Gavallas (STAMA Greece), Georgios Dafnos<\/p>\n","protected":false},"author":4,"featured_media":34346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[506],"tags":[630,1437],"class_list":["post-34350","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-stama-en","tag-reimagine-tourism"],"_bunyad_layout_template":null,"_bunyad_layout_spacious":null,"_bunyad_sponsor_name":null,"_bunyad_sponsor_logo":null,"_bunyad_sponsor_url":null,"_bunyad_sub_title":null,"_yoast_wpseo_metadesc":"What experts revealed at Reimagine Tourism about short-term rentals, overtourism, housing pressure, regulation, and the real impact on Athens\u2019 neighborhoods.","_yoast_wpseo_focuskw":null,"_yoast_wpseo_title":"Short-term rentals in Athens: Facts behind the debate","_bunyad_layout_style":null,"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Short-term rentals: The real data behind the debate on overtourism and the housing crisis - BnBNews<\/title>\n<meta name=\"description\" content=\"Short-term rentals: The real data behind the debate on overtourism and the housing crisis - BnBNews -\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bnbnews.gr\/en\/news\/34350\/short-term-rentals-the-real-data-behind-the-debate-on-overtourism-and-the-housing-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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