a
Print
version

There is a decrease in occupancy rates and revenues from short-term rental properties in Greece

Nationwide, the supply of short-term rental housing has increased by 13%.

What has happened

The significant increase in the supply of short-term rental properties compared to last year has apparently impacted net revenue from short-term rentals in Athens and Thessaloniki, while the rest of Greece continues to see a positive trend. This conclusion comes from a study conducted by Key Data on behalf of the Association of Short-Term Rental Companies (STAMA).

Details

Across Greece, the supply of properties available for short-term rental has increased by 13% to over 150,000 units. An increase of 21.3% was also recorded in accommodation in the center of Athens, according to an AirDNA survey.

This increase in supply has led to lower occupancy rates and, consequently, reduced income, even though even though prices per night have appeared to be higher than last year. As a result, central Athens have experienced a significant drop in average occupancy during the peak months of June, July, and August by 11-35%, while the overall occupancy in the Attica region was 33%, marking a 7% decline.

Nationally, the occupancy rate stands at 34%, which is slightly lower (-1%) than last year. However, regions like Crete and the Peloponnese have recorded increases of 1% and 3% respectively.

Peculiarities

The analysts note that this summer has presented particularities, both due to the Euro 2024 soccer tournament in Germany, and the Olympic Games in Paris, starting July 26. Both events have attracted numerous foreign tourists to the respective regions.

The experts anticipate a resurgence of interest in Greek destinations towards the end of this summer, given that many bookings are made closer to the date of arrival (up to 30 days)..

The average daily rental rate (ADR) for short-term rentals in Greece stands at €209, marking a 5% increase from last summer. This trend is similar in various regions, with the Peloponnese showing the smallest increase (+4%). Thessaloniki has showed the biggest increase of 8% to €77, while in Athens and Attica the annual increase amounts to 7% and 6% respectively, with the average price per night reaching €119 and €133.

Please read also: Short-term rentals in Greece: rapid growth and its impact

Source: Ekathimerini

Photo by Anthony DELANOIX on Unsplash

Quoting conditions of Prianproperty.com materials

Share the link:
Tags: Greece, Market Analysis, Investment, Rent, Real Estate

Read also

Greece is seeing record-high foreign demand for rentals. Who is fueling the trend?
Greece is no longer just a “summer market.” Today, it is an open-air European office, where...
Greece is on track to become the sixth-largest short-term rental market in Europe
Despite the introduction of new legislative restrictions in October 2025, the sector remains one...
The EU may withdraw visa-exempt privileges from “golden passport” holders
The European Parliament has adopted new, stricter rules that make it easier for the European...
Vacant homes in Greece are set to become a challenge for property owners
The country’s government has received recommendations from the IMF on how to address the housing...
EU experts are urging the introduction of dedicated regulations for short-term tourist rentals
Brussels supports the introduction of mandatory rules across all EU countries to regulate...
Greek developers are increasingly focusing on micro-apartments
The Greek real estate market is facing a striking demographic paradox: even as the country’s...

Interesting to read

News and articles on the topic «Greece»

Europe’s most promising cities for real estate investment in 2027 revealed

London remains the undisputed leader, while Munich emerged as Germany’s biggest surprise,...

  • 12.11.2026

Housing prices in Attica have risen by more than 110% over the past decade

A new study by Geoaxis highlights a notable trend: for the first time in years, resale properties...

  • 03.11.2026