Investment in short-term rentals
More than two in every five (41.5%) of the properties that are posted on short-term rental platforms have been acquired precisely for this purpose – i.e. to be used as an investment – while in the rest of the European Union the corresponding percentage is just 18.5%.
This is according to a European Commission survey and serves to prove that the Greek real estate market has attracted a large percentage of foreign investors, precisely because of the appeal of short-term rentals and their success, which is directly related to the good performance of Greek tourism.
As reported by Alpha Bank, in the areas where intense tourism activity is recorded, namely in Athens, Thessaloniki, Crete and the South Aegean, the number of short-term rental accommodation units that had at least one evaluation online amounted to almost 43,000, while up until 2016 there were fewer than 10,000.
At the same time, it is noted that last year the number of properties registered on online platforms such as Airbnb and Booking.com reached 73,000 in the above areas and over 100,000 across the country.
