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- Ban on new short-term rental assets hasn’t worked in central Athens - eKathimerini.com
Ban on new short-term rental assets hasn’t worked in central Athens - eKathimerini.com
Summary
A ban on new short-term rental assets in central Athens has not worked, according to a recent report. This suggests that restricting supply may not be an effective strategy for controlling the STR market. Hosts should consider alternative approaches to navigate regulatory changes in similar locales.
More from Regulations & Compliance
The government is reviewing potential closures of second home tax loopholes, a move that could significantly impact property owners. While details are scarce, this review indicates a potential shift in tax regulations concerning rental properties. Hosts should monitor developments for implications on profitability and tax strategies.
Naples, Italy, has activated a 30% threshold for short-term rentals, according to Il Sole 24 ORE. This regulatory change signifies a potential restriction on the number of STRs allowed or the periods they can operate. Hosts in Naples should stay informed about these new limitations and their impact on profitability.
NYC is pursuing millions in fines from alleged illegal Airbnb hosts in Brooklyn, accusing them of identity fraud. This case highlights the city's ongoing efforts to regulate short-term rentals. Hosts should be aware of stringent compliance measures to avoid significant financial penalties, as the city actively investigates non-compliant listings.
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