As emphasized by Tsigaras the Bulgarians are the big spenders with investors from Israel seeking to purchase lower priced properties with aim to renovate and sell at a higher price making a lucrative profit.

The “taxman cometh” to Greece’s surging short-term lease sector (the Airbnb phenomenon) as of Jan. 1, 2024, with an overnight stay fee tacked on to some 170,000 listed properties around the popular holiday destination. Approximately 7,440 property owners will also have to add VAT to their fees, while also keeping accounts similar to those kept […]