Smart Airbnb Clampdown: Algorithm to Freeze New Listings in Overloaded Areas

Targeted restrictions coming to Thessaloniki and the Cyclades – Neighborhood-by-neighborhood information volition dictate wherever short-term rentals are curbed

Facing mounting nationalist unit implicit skyrocketing rents and a increasing lodging crisis, the Greek authorities is preparing a new integer tool to curb the uncontrolled enlargement of short-term rentals similar Airbnb.

A custom-built algorithm will soon show the balance betwixt semipermanent and short-term leases down to the postal code. If the short-term marketplace exceeds sustainable levels, the issuance of new Property Registry Numbers (AMA) will be frozen in that area.

Next successful Line: Thessaloniki and the Cycladic Islands

The model, initially rolled retired successful cardinal Athens, is present being considered for expansion to Thessaloniki and high-pressure tourer zones similar the Cyclades, where housing scarcity has reached situation levels, particularly for nationalist servants specified as teachers, doctors, and constabulary officers.

“This is not a broad ban. The clampdown is designed to enactment similar a scalpel, not a hammer — block-by-block, street-by-street,” said an authoritative from the Finance Ministry.

Pilot Program successful Athens Shows Early Results

The impermanent frost connected caller short-term rental permits is successful spot until December 31, 2026, and is presently progressive in 13 cardinal Athenian neighborhoods, including Plaka, Koukaki, Kolonaki, Syntagma, Exarchia, and Gazi.

Preliminary marketplace information shows a wide impact:

• In Syntagma, mean rental prices dropped by 8.76% in a year.
• In Acropolis, rents fell by 8.26%.
• In Thiseio, the diminution was 3.72%.
• Meanwhile, in Omonia, prices surged by 14.55%, and in Gazi, by 8.23%.

These contrasting trends amusement that market dynamics alteration sharply by neighborhood, depending connected section request and tourism saturation.

New Study from Athens University Challenges Common Narrative

Adding substance to the occurrence is simply a caller survey from the Athens University of Economics and Business (AUEB), which questions the communicative that Airbnb is to blasted for the lodging crunch.

Key findings include:

• Only 0.4% of Greece’s lodging banal is used exclusively for short-term rentals.
• A staggering 34.5% of homes (over 2.28 cardinal properties) are not utilized arsenic superior residences — including abrogation homes, unfinished buildings, and vacant oregon unsold properties.
• In cardinal Athens, just 1.1% of homes are listed connected Airbnb-type platforms, while vacant homes transcend 25%.

The survey suggests that the existent contented whitethorn not beryllium Airbnb, but the underutilization of existing lodging stock.

Airbnb Responds: “We’re Not the Villains”

Airbnb, for its part, pushes backmost against the government’s stance, arguing that:

• 98% of Greek hosts are backstage individuals renting out just 1 oregon 2 properties.
• The average nett income for hosts is just €628 per month.
• 80% of listings are rented for little than 90 days per year.
• Short-term rentals help families supplement their income and revive agrarian and determination lodging markets.

The institution is calling connected Greek authorities to exempt homeowners who rent retired their primary oregon secondary residences, or spare rooms in their homes.

Mixed Results and Market Realities

While aboriginal information suggests the clampdown is producing results, experts pass of unintended consequences:

• Last year’s registration deadline for caller AMA numbers prompted thousands of owners to unreserved to register, ironically expanding short-term proviso successful the abbreviated term.
• In non-restricted areas, rental prices skyrocketed:
  • Kolokynthou: +24.12%
  • Amerikis Square: +9.07%
• In contrast, in restricted zones, the mean summation was just 0.96%, compared to 7.37% in unrestricted areas.

What’s Next? A Smart, Data-Driven Approach

Despite pushback, the authorities insists it will reopen the Airbnb file and present further measures, this clip using real-time information and precision targeting instead of across-the-board rules.

The next epoch of lodging policy in Greece won’t beryllium defined by broad bans, but by smart algorithms that show section lodging pressure — and enactment erstwhile limits are breached.

The situation remains: How to onslaught a equilibrium betwixt landlords, tenants, tourists, and section economies? One happening is wide — the representation of short-term rentals successful Greece is being redrawn, vicinity by neighborhood.

Source: pagenews.gr

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