National Economy and Finance Minister Kostis Hatzidakis on Wednesday was in favor of a mild solution to regulate the short-term leasing sector in the country to regulate the short-term leasing sector in the country, ANA reports.
That would restore balance to the property market – preventing unfair competition with hotels and tourist accommodations and addressing the shortage of longer-term rented accommodation – while also not stifling the short-term rentals market and the valuable income it generates.
Regarding the “MyHome” subsidized loan program, he noted that more than 10,000 loans have been approved but ruled out a new round of the program, citing a lack of funds, while noting that there are 1.5 billion euros earmarked for housing policy in various ways.
The Minister emphasized the fact that foreign investments in the Greek real estate market jumped 39% in the first half of 2023 compared with the same period last year, adding that foreign investments in real estate totaled 2.1 billion euros in 2022, up 68% from 2021.
Referring to “green” standards on property assets said that several new buildings are built with the highest environmental standards aligned with the policy of Greece and the EU towards environmental upgrade and energy saving.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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