The Greek government is incentivizing property owners to convert short-term rentals (like Airbnb) into long-term leases by reducing the required short-term rental period from three years to one to qualify for a three-year tax break. However, property owner associations like POMIDA argue that linking the tax break to the initial tenant, rather than the property itself, creates insecurity and discourages participation.
Tag: tax breaks
Greece has unveiled a set of financial incentives and tax breaks aimed at addressing its declining birthrate, one of the lowest in Europe. Despite investing about one billion euros annually in pro-child initiatives, the country recorded its lowest birthrate in 2022. Experts remain skeptical about the effectiveness of these measures and emphasize the need for broader structural improvements to tackle the underlying issues.