ENGLISH EDITION
Concerns rise over Airbnb's future; Greek property owners flee
With cancellations on its platform skyrocketing and revenues plummeting, the company is looking forward to a strong recovery next year but there are doubts as to whether it will be in a position to take advantage of a rebounding global economy. As seen in the Greek market, many homeowners are taking their assets from the platform. Indicative of this trend is data from Spitogatos.gr showing a sharp rise in properties for rent in the last 30 days (the increase reaches 44 percent, depending on the area), with most of them furnished or newly renovated.
