Tag: renovations

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New Greek Bill Removes Renovated Properties from Short-Term Rental Market

A new bill introduced by Greece's Ministry of Tourism has removed renovated properties, including former warehouses and basements, from short-term rental platforms. The bill mandates stricter regulations and inspections, and properties must meet primary residential use criteria or be settled before 2011 to qualify. Property owners face hefty fines for non-compliance, raising concerns over the impact on investments in tourist accommodations.