European initiative on short-term rentals

The European Commission is promoting a ineligible inaugural connected short-term rentals astatine a pan-European level, successful bid to code the lodging situation plaguing galore EU countries. This is 1 of the three axes of measures and interventions that the Commission seems to beryllium preparing successful the coming period.

According to what Commission President Ursula von der Leyen said this week, the different two axes of enactment will beryllium the revision of state assistance rules, successful bid to marque lodging support measures possible, and the proviso of facilities for the operation of caller lodging and student residences.

“This year, aft receiving your views, we will contiguous the archetypal European Affordable Housing Plan. To marque lodging much affordable, much sustainable and of amended quality. It will beryllium a European effort, based connected section realities. We request a extremist overhaul of the way we woody with this issue,” von der Leyen emphasized.

Specifically regarding the short-term rental segment, marketplace sources study that, among different things, an effort will beryllium made to abstracted professionals and individuals, so arsenic not to confuse the concern exploitation of existent property by companies with the income supplement of a backstage proprietor who rents retired a country oregon their secondary residence for a fewer weeks a year. Of course, this has already been done successful Greece since the opening of 2024, arsenic those who exploit three oregon much properties are required to found a institution and person antithetic tax treatment.

However, arsenic noted by existent property marketplace executives who besides person a European role, such arsenic Kosmas Theodoridis, president of the European Federation of Real Estate Associations and caput wide of the Athens-Attica Real Estate Association, the lodging occupation not lone successful Greece, but besides successful galore countries abroad, is owed to the ample fig of vacant homes and reduced operation activity.

A caller study by the Athens University of Economics and Business (AUEB) pointed retired that the main origin of precocious rents is the immense volume of closed and idle housing, which relationship for 34.5% of each houses, and not the enactment of short-term rentals, which ultimately lone concerns 3% of the total lodging stock.