Greece to Ban New Short-Term Lets in Athens

Greece imposes a one-year ban on new short-term rentals in Athens, aiming to address housing concerns and preserve local communities.

In a significant policy shift, the Greek government announced on Monday a moratorium on the issuance of new licenses for short-term rentals in three districts of central Athens, a measure that will remain in effect for a minimum of one year. This decision is accompanied by an increase in the tax levied on such holiday accommodations, reflecting a broader strategy to reconcile the lucrative tourism sector—bolstered by platforms like Airbnb—with the pressing housing needs of local residents grappling with a severe shortage.

As is the case in numerous European tourist hotspots, Greece finds itself at a crossroads, attempting to navigate the delicate balance between economic gain and social responsibility. The rising cost of living, coupled with a dearth of affordable housing, has compelled the government to implement these changes. In a bid to incentivize homeowners to pivot from short-term to long-term rentals, the Greek Tourism Minister, Olga Kefalogianni, elaborated on the initiative, suggesting that the initial one-year ban on new licenses could potentially be extended, should circumstances warrant such a decision.

The government has stipulated that this ban will take effect on January 1, 2025, a date that may loom ominously for many property owners who have opted for the short-term rental model. The irony is palpable: while tourists flock to Athens for its rich history and vibrant culture, local residents are increasingly finding themselves in a quagmire, struggling to secure affordable housing amidst a landscape dominated by transient visitors. As the city grapples with this conundrum, one can only hope that the scales of justice will tip in favor of the Athenians, allowing them to reclaim their homes from the clutches of the short-term rental market.