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Radical changes in short-term rentals due to coronavirus since April 2020

It has been documented, both by real estate agencies and by property owners, that the online platforms demand for short-term rental has suffered some significant setbacks due to the rapid expansion of coronavirus that most countries are facing nowadays and Greece is, of course, one of them.

It is expected that this situation will further deteriorate the decline in yields of short-term rentals that property owners in Greece have seen in the last 2 years, due to excessive supply.  

If this scenario is confirmed and the situation remains the same until early summer when the short-term rentals reach their peak, a very large difference between prices and yields will occur, something that will also affect property prices in 2020.