Short-term lease: legislative "brake" with restrictions for landlords

Fundamental changes to slow down short-term rentals, which are considered – and not unreasonably – one of the parameters of the intensity of the housing crisis, especially in Attica, will unfold on two levels.

According to AirDNA, only in the center of Athens the number of active lease agreements reaches 11,157, in Thessaloniki – 2762, in Patras – 492, in Heraklion – 4883, and on the islands … it is not known at all. At the same time, such categories of specialists as teachers and doctors simply cannot find a place to live there.

On first levelin accordance with the general directive of the European Commission, planning involves restrictions on the number of real estate objects that each individual can rent out for short-term rent. The prevailing scenario wants the “ceiling” to be limited to 2 objects. Or have been installed strict time limits (i.e. whether someone can dispose of the property in certain months or during the year).

On second level local governments will given the opportunity to establish rules without, however, indirectly canceling the right to short-term rent, since it is recognized that it functions as an addition to the income of thousands of citizens. As a “guide” models used in large European cities will be usedsuch as Paris, Barcelona, ​​Edinburgh. In Madrid, local authorities have decided that short-term rentals located in residential complexes must have a separate entrance, and guests will not be able to use the same entrance as permanent residents or the same elevator.

• The profile of short-term rentals in the European Union is outlined by data released by Airbnb on the occasion of European Tourism Day. According to data analyzed by BNBnews:
• Over 1.4 million hosts are active in the European Union. This is the highest figure among all regions of the world. More than 1.1 million of them publish only one listing.
• A typical short-term property owner from EU, earned just under €4,000 in 2022. This amount is equivalent to an additional payment of more than two months for the average household in the EU.
• Nearly one in five EU property owners or family members work in education, healthcare or public administration.
• There are more women property owners than men.
• More than half of the facility owners work full-time or part-time, and more than a quarter are retirees.
• EU studies show that the cost-of-living crisis is still the main factor driving Europeans into short-term rentals.
• Nearly half of EU property owners say hosting has helped them cover rising food and other necessities, according to the data. And 43% say the extra income helps them live with dignity.
• A third of property owners plan to host more guests in 2023 due to the current economic situation, and two-thirds say they plan to use the money they earn from Airbnb to cover any increase in the cost of living next year.

The short-term rental profile in the EU also includes visitor information:

1. Rising inflation in the EU has affected every aspect of daily life and travel is no exception. Almost two-thirds guests were told that last year they become more selective in the choice of housing for travel based on price, and more than half of guests said staying at Airbnb properties in the EU saved them money.
2. Guests choose Airbnb for a variety of experiences. More than a fifth of visitorsliving in the EU said they chose Airbnb over other types of accommodations because they would like to get more impressionsand almost a quarter of visitors said they stayed at Airbnb last year while traveling and working remotely.

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