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> Economy

Greek Airbnb prices outpacing the rest of Europe this summer

Average price hits €200 for Greek "Airbnb" listings this summer, up 12.8% on last year, compared with €159 across Europe in July, a rise of 8.2%

Stefania Souki August 17 09:44

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Tighter supply from a reduced number of properties, stronger demand and price growth outstripping both the European average and other Mediterranean markets are the hallmarks of Greek “Airbnb” listings this summer.

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Greece is outperforming its rival Mediterranean tourism markets, recording stronger figures both in average pricing and in revenue for owners and managers, at a time when the Europe-wide trend towards extending the season into autumn continues this year too.

Specifically, data from AirDNA, the well-known short-term rental data provider, show that Greek hosts raised their prices significantly this July compared with last year, with the average daily rate (ADR) nationwide climbing 12.8% year-on-year to €200.35, a figure markedly higher than the European average increase of 8.2%, which brought the average price to €159.

Year-on-year, prices for Greek “Airbnb” listings have risen by a wider margin than in the other major tourism markets of southern Europe and the Mediterranean.

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