Is it still worth it to have an Airbnb in Greece in 2025?

[@Sunpire]

What do you think about Airbnbs? 🤔

[@tpop3723]

Good video and good points and I don’t blame anyone for trying to profit from Airbnb but I do hold any government responsible for regulating and allowing widespread use of them and pricing out the locals. Nobody should be able to own a property from another country and treat like a commodity without actually living in it and contributing to the local economy. I think it’s a good thing what Spain is doing and hope Greece follows suit.

[@Sunpire]

Thank you so much for watching and commenting!😊🙏 You have an interesting perspective! Probably with the right government regulations, things would be different.

[@geogeo2299]

Guys did u hear the story in July, a Chinese dude rented an airbnb in Athens for a week and 6 weeks after he left the owner got a telephone bill of 3500 euros - turns out the guy had connected a phone device to the house router and made roaming calls to China all day long. The landlord was advised that sueing the Chinese and taking him to court would cost much more than 3500 euros so after an arrangement with airbnb he paid half the money himself....

[@panagiotismanifavas]

that is a expieince you wouldn't want if you have airbnb. At least he took some money back

[@Sunpire]

Omg, that is something that can happen so randomly to an airbnb owner. And what do you do then?

[@geogeo2299]

@@Sunpire turned out that that one Chinese was not an isolated incident and there are quite a few extra-EU travellers that abuse the roaming calls, causing a stir in the landlord community

[@geogeo2299]

@@panagiotismanifavas He could deactivate telephony from the router menu, then change the menu's default password

[@ophelydu26]

I can't believe this as Airbnb has good insurance and compensate you the owner or the renter when there are issues!

[@fredkarenclark4551]

We are currently in an airbnb in Heraklion for 2 months, escaping the cold weather back home in Canada. It is more affordable than a hotel

[@Sunpire]

That is great. Is it more affordable in Heraklion than in Chania?

[@fredkarenclark4551]

@Sunpire We found it more affordable for what we were looking for. We are in a condo where we don't need a car. We can walk to everything we need including the bus station and ferries

[@Elpe-x2r]

Nah.. better rent it per month to someone who wanna stay long run. Easier and simpler passive income. Even if u would earn more from an airbnb, (which I doubt after expenses and the increasing amount of airbnbs) still better to have your head in peace and rent it per month

[@Sunpire]

Thank you very much for watching us and for taking the time to leave a comment 💙💙🙏🤗. Would be definitely much easier and less stressful.

[@giannismts]

Haha first time I am seeing you wearing a jacket

[@Sunpire]

Wierd, right?😂

[@manolisgledsodakis873]

@@Sunpire Weird.

[@johnlagousakos3958]

Apologies in advance for the lengthy comment (lol), but I honestly think if you're investing, whether or not real estate is a good choice is really up to you and how much money you have to invest. The big pro to buying real estate is it can be safer, but also, you don't need to outright pay for the home right away even though you own it and can make money from it via appreciation and renting it out. If you had $10,000 to invest in the stock market and it went up 10% in a year, you would've made $1,000 in capital gains. If you buy a house that's valued at $100,000 and put a $10,000 down payment (same amount of money), if it appreciates by 10% in a year, you would've made $10,000. That's the power of buying real estate; the leverage you have to maximize profits. I personally think a good mix of both stocks and real estate is a good choice, but I'd probably only want 1-2 places to rent out, the rest would go into stocks. Investing in real estate is way more time-consuming, a lot more fees/taxes (not only cleaning, lawyers if needed, bills, but also fees when you want to buy/sell the property eventually), and your potential for returns is less than stocks - it's a lot more hands on with a lot more to do. Also, if you get bad tenants, people who break something, you'll probably take a loss. I also believe for Greece, you'd probably have to plan out to airbnb the place in months where tourists visit (summer), and rent it long-term around the fall and winter. Stocks are a lot more hands-off, you can leave it to a broker, or you can just invest in really big companies yourself (diversify though) that have really big market caps (more money invested, meaning the stock is nowhere near as volatile) and not even look at your investment for a year, it's much less time consuming. There's also a lot of tax loopholes to save a bit (depending on Country though; i've got no idea for Greece) on capital gains tax as well. TLDR = A mix of both is good, but I'd definitely prefer investing in stocks. Higher return potential, less work, less stress.

[@MsMik100]

I totally agree with you. Stocks you can sell right away ,try selling a house tommorow morning.

[@Sunpire]

Wow, thank you so much for sharing such an insightful comment! I really appreciate the time you took to explain all of this in detail. You’ve definitely given us a lot to think about regarding the pros and cons of real estate vs. stocks, especially in terms of the effort and risk involved. I hadn’t fully considered the leverage aspect in real estate or the impact of fees and taxes. I think you're right - finding a balance between the two might be a smart approach, but I'll also weigh all the extra work involved with real estate. And yes, Greece’s tourism seasons definitely impact rental strategies here, so I’ll be keeping that in mind too! Thanks again for your thoughts and advice; it’s truly helpful!

[@bwana-ma-coo-bah425]

Hi guys, it is the one you will name your first child after here. 😉😆Whilst air bnb can be lucrative it can also be detrimental to your pocket, as it is seasonal. In Greece the government takes 24% vat every time you rent it out. Having had said that I am sure Greeks have worked out a way so the government does NOT! get the tax. This is rampant with Greeks, not paying taxes, and then they complain the roads are terrible for example. It is also important to remember that for every bnb that appears, one more person or family has nowhere to live as you are pushing someone out in order to line your own pocket with money. Foreign investment has pushed Greeks out of both the rental and home purchase market. And Greeks that do have a 2nd or 3rd property, they will sell it in order to have a better retirement fund and still have the Greek government pay them a pension when they retire. And that is why you two lovely people are finding it difficult to purchase a property.

[@Sunpire]

I think people in every country are finding ways to pay less or not to pay tax at all, and the government can't do anything... up to a point. It's really hard to find anything, and it will be even harder in the future.

[@Melina.K.]

I have mixed feelings with Airbnb's. While it's an excellent idea and can be great to find accommodation while holidaying, it does create a serious problem for those who seek long term rental properties. It's a difficult topic.

[@demicamara5123]

I’d only invest in an Airbnb if it’s a second home I use for my own holiday and Airbnb it for the remaining time to cover expenses and make a small profit .

[@Sunpire]

Yes, if it is a second home, then is great to invest in

[@BoVa-gr]

💙💙👍👍

[@Sunpire]

🤍💙

[@ajdrums8075]

We will Airbnb ours in Chania over summer and visit family in UK. We should make around 14k over 4 months after tax and expenses. We have a new large 80 m2 single bedroom in Nea Chora

[@Sunpire]

That sounds great! Chania is a top location and is worth having airbnb there. Is it like a pasive income, or do you manage most of the tasks?

[@ajdrums8075]

@Sunpire We have a cleaner next door that will help out/ manage relatively cheaply thankfully. Actually I think 14k is too optimistic. Conservatively it will be 10-12k profit

[@Sunpire]

For 4 months still sounds pretty good. Do you think 2025 will be a better year than this one?

[@ajdrums8075]

@Sunpire Great question, we are only confident we will get a good return because it's large, new/modern and close to the beach. It will be our first year managing an Airbnb but our friends nearby who have an Airbnb were mostly full last season. Personally I wouldn't run an Airbnb unless in a highly desirable location. Just my take

[@ajdrums8075]

@Sunpire Lastly, I'm very interested in the concept of property Maxing, we will likely continue to travel after the 4 months which is when I will switch to mostly HomeExchange bookings, this allows you to accrue Guest Points to spend world-wide so basically free accommodation wherever you go.

[@TintesanDarius]

😁👍

[@Sunpire]

🤗🤗