National Economy and Finance Minister Kostis Hatzidakis on Wednesday he 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.
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.
Speaking to journalist Maria Sarafoglou at the 24th Prodexpo real estate exhibition, Hatzidakis said the measures that have been announced will be included in the bill on taxation and come into force at the start of 2024.
Regarding the "MyHome" subsidised loan programme, he noted that more than 10,000 loans have been approved but ruled out a new round of the programme, citing a lack of funds, while noting that there are 1.5 billion euros earmarked for housing policy in various ways.
The Minister emphasized on the fact that foreign investments on the Greek real estate market jumped 39% in the first half of 2023 compared with the same period last year, adding that foreign investments on real estate totaled 2.1 billion euros in 2022, up 68% from 2021.
Referring on "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.
Asked about the new challenges and their impact on the Greek economy generally, Hatzidakis said that Greece now had "its own economic cycle, is moving in a positive orbit, with political stability and the correct economic policy mix, which is also reflected in the property market".
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