Discovering the potential of Airbnb in Greece presents a unique chance for property investors. With its abundant historical background, breathtaking landscapes, and lively culture, Greece stands as an exceptional destination for tourists. This article is a comprehensive guide, leading you through the step-by-step process of listing your property on Airbnb in Greece, ensuring compliance with local regulations, and pinpointing the best locations for your Airbnb business.
How to list your property on Airbnb in Greece?
Listing your property on Airbnb in Greece involves several steps to ensure compliance with local regulations:
- Create an Airbnb account: If you don’t already have one, sign up here for an Airbnb account.
- Register your property: First, register your property under the Greek Short-term Residential Rental Registry. This process involves submitting details about your property, including its location, size, capacity, and amenities.
- Obtain a Property Registry Number (PRN): Once registered, you will receive a unique PRN. This number must be included in your Airbnb listing, helping tourists identify legal rental properties.
- Create your Airbnb listing: With your PRN, you can now create your listing on Airbnb. Include high-quality photos, a detailed description, and all necessary amenities. Make sure to highlight the unique aspects of your property and its location. Ensure to add the PRN to the Airbnb listing.
- Set pricing and availability: Determine your pricing strategy based on market research and seasonal trends. Set your availability calendar according to your personal schedule and local demand patterns.
- Prepare for guests: Ensure your property is clean, well-maintained, and equipped with basic necessities. Consider adding personal touches to enhance the guest experience.
How to start an Airbnb in Greece?
Any individual who owns a property has the opportunity to start an Airbnb rental in Greece. Nevertheless, it is crucial for property owners to comply with various regulations when renting their property to tourists through Airbnb. This process includes acquiring a Property Registry Number (PRN), which must be included in the Airbnb listing in Greece. To register their property and start Airbnb in Greece, property owners can create an Airbnb account here.
Airbnb laws in Greece
Airbnb hosts must comply with specific legal requirements and Airbnb laws in Greece. These rules include registering the property with the Greek Short-term Residential Rental Registry (which can be done here) and adhering to tax obligations.
Is Airbnb allowed in Greece?
Yes, Airbnb is allowed in Greece. Both locals and foreigners can list their property on Airbnb in Greece for short-term rentals, as long as they follow the Greece Airbnb laws.
Airbnb taxes in Greece
As an Airbnb host in Greece, you are subject to various taxes:
- Income Tax: The income generated from Airbnb rentals is taxed progressively. Earnings up to €12,000 ($13,080) are taxed at 15%, income between €12,001 ($13,081) and €35,000 ($38,150) at 35%, and any income over €35,001 ($38,151) is taxed at 45%. Declaring your income tax can be done on the website of GSIR through myTaxisNet.
- VAT (Value Added Tax): The standard VAT rate for accommodation services in Greece is 13%. This applies if you are providing additional services like cleaning. It’s important for non-residents offering accommodation in Greece to register for VAT as well.
- City Tax: In Athens, a city tax of €0.60 ($0.65) per night per room is imposed. This tax is collected from guests and is intended to support local infrastructure and tourism-related projects. The city tax varies by location and type of accommodation, and it’s crucial for hosts to stay updated with the local regulations to ensure compliance.
The best locations to start an Airbnb business in Greece
There are several attractive locations to start an Airbnb business in Greece. The following are considered the best locations to start Airbnb in Greece:
- Corfu: Ideal for guests seeking a blend of historical sites, stunning beaches, and lush green landscapes. It’s perfect for families and nature lovers.
- Mykonos: Best suited for those looking for a vibrant nightlife and luxury experience. It attracts a younger, energetic crowd and is popular for its beach parties and high-end dining.
- Athens: A hotspot for history and culture enthusiasts. With landmarks like the Acropolis and the Parthenon, it’s a magnet for tourists interested in ancient history and Greek culture.
- Naxos: Offers a mix of beautiful beaches and traditional Greek village life. It’s great for families and travelers interested in a more authentic, laid-back Greek experience.
- Crete: As the largest Greek island, Crete offers diverse attractions, from ancient archaeological sites to modern beach resorts. It’s ideal for all types of travelers, including history buffs, adventure seekers, and beachgoers.
- Milos: Known for its unique volcanic landscapes and picturesque fishing villages. It’s a perfect destination for couples and photographers looking for stunning natural scenery.
- Rhodes: Offers a combination of beautiful beaches, ancient ruins, and medieval architecture. It’s ideal for history enthusiasts and families looking for a diverse holiday experience.
- Santorini: Famous for its breathtaking sunsets and unique white and blue architecture. It’s a top choice for honeymooners and romantic getaways.
- Paros: Combines traditional Greek charm with beautiful beaches and a lively nightlife. It’s great for young travelers and those looking to experience the quintessential Greek island life.
Frequently Asked Questions (FAQs)
What are common Airbnb problems in Greece?
Hosts in Greece often face challenges such as managing seasonal demand fluctuations, adhering to local tax regulations, and ensuring compliance with the Greek Short-term Residential Rental Registry. Additionally, maintaining property standards and managing guest expectations in popular tourist areas can be challenging.
Are there Airbnb restrictions in Greece?
Yes, there are Airbnb restrictions in Greece. Hosts must register their property with the Greek Short-term Residential Rental Registry and comply with local tax laws. This way, the government wants to regulate the short-term rental market and prevent Airbnb in Greece from ruining neighborhoods.
How long can you list properties on Airbnb in Greece?
There is no specific limit to how long you can list a property on Airbnb in Greece. However, if you rent your entire home for more than 90 days a year, you must obtain a license from the Greek National Tourism Organization (GNTO).
Is buying an Airbnb in Greece a good investment?
Buying an Airbnb property in Greece can be a good investment, especially in tourist-heavy areas like Athens, Mykonos, and Santorini. The success of the investment depends on location, property type, and effective management to maximize occupancy and profitability.
How to sign up for Airbnb in Greece?
To sign up for Airbnb in Greece, visit the Airbnb website or app, create an account, and follow the prompts to list your property. Ensure you have all necessary information, including property details, photos, and your Property Registry Number (PRN) if required by Greek law.