Short-term Rental Limits In Popular Athens Areas Take Effect [Barron's]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Barrons
A law approved in November sets a one-year ban on registering new apartments for short-term rentals in over a dozen central Athens districts, including sought-after areas such as Kolonaki, Koukaki, Pangrati and Exarchia. Homeowners had until December 31 to declare new properties in those areas. Flouting the restriction triggers a fine of at least 20,000 euros ($20,800). The law also offers tax breaks to property owners who switch from short-term to long-term rentals. According to US-based rental trackers AirDNA, there are nearly 18,000 flats dedicated to Airbnb and Vrbo rentals in the Greek capital. Demand peaks during Greece's busy summer tourism season -- but complaints have been mounting for years over low availability and rising property prices in many working-class Athens districts. jph/gv The Barron's news department was not involved in the creation of the content above. This article was produced by AFP. For more information go to AFP.com © Agence France-Presse
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ABNB
Earnings
- 11/7/24 - Miss
ABNB
Sec Filings
- 1/6/25 - Form 144
- 1/6/25 - Form 4
- 1/6/25 - Form 144
- ABNB's page on the SEC website