In 2024, there was a 20.6% increase in the number of short-term rental declarations nationwide, reaching 2.31 million, compared to 1.91 million in 2023 and 750,000 in 2021 (and 970,000 in 2019). According to recent data from ELSTAT (Hellenic Statistical Authority), within three years — from 2022, when 1.37 million rentals were declared — there was a 67% increase, while compared to 2019, the last year before the pandemic, the increase reaches 138%. This data reflects both the rapid development of the short-term rental market and significant progress in property owners’ compliance with declaration obligations.
Airbnb: Drop in occupancy rates for short-term rentals
This is particularly evident in 2021 and 2022, when declarations increased by 89.5% and 81.5% respectively, years when stricter cross-checks by tax authorities were also implemented, with the assistance of digital platforms. Furthermore, in 2024 the total number of rental days increased by 14.4% to 8.19 million days, while the average duration per rental was 3.5 days.
These numbers also demonstrate steadily declining occupancy rates, as the number of rented days in recent years has not followed the same growth rate as declarations. It is characteristic that the average duration of rented days per declaration was 4.2 in 2021, 4 in 2022, 3.7 in 2023 and 3.5 in 2024. Therefore, occupancy rates per property appear to be declining.
