Economy · Cyprus
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7 July
Stricter inspections for Airbnb properties are being implemented.
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The Greek government's monitoring of short-term rental properties, particularly those listed on platforms such as Airbnb, is officially underway as part of a new regulatory framework aimed at ensuring compliance within the market. This initiative is being implemented by the Independent Authority for Public Revenue (AADE) in collaboration with the Ministry of Tourism, targeting 1,500 properties in an initial round of inspections.
These inspections are designed to identify any irregularities and enforce penalties for non-compliance. Owners of the targeted properties have received notifications regarding the upcoming checks, which will require documentation to verify their business practices. Fines for violations can reach up to 20,000 euros, reflecting the government's commitment to regulate the short-term rental market more rigorously.
The enforcement will involve local tourism agencies conducting on-site inspections, in keeping with the newly established oversight framework. This represents the first organized wave of checks intended to promote lawful operations within the burgeoning sector of short-term rentals.
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