A recent report from Prosperty sheds light on the burgeoning short-term rental market across Greece's Aegean islands, indicating that this region hosts the largest concentration of such listings in the country, with a total of 24,946 active entries. This figure reflects both the vibrant tourism activity in the area and the increasing use of residential properties for tourism purposes. Santorini leads the chart with 5,306 active rentals, followed closely by Rhodes, Mykonos, and Paros, showcasing the competitive landscape among these popular tourist destinations.

The study underscores a notable trend where short-term rentals have dominated over long-term lease arrangements in the Aegean islands. This shift can be attributed to the high demand from tourists seeking convenient and diverse accommodation options during their visits. Furthermore, the report indicates that occupancy rates and average daily prices show considerable diversification across different islands. For instance, while Santorini captures a significant portion of listings, other islands like Naxos and the Small Cyclades also present strong participation with nearly 3,000 listings, indicating a broad interest in various locations within the Aegean archipelago.

These findings not only highlight the economic potential of short-term rentals for local economies but also raise questions about the sustainability of such rapid expansion in the tourism-related housing market. The increasing reliance on short-term rentals may impact local housing markets in the long term, potentially affecting residents' access to affordable housing. Stakeholders in the tourism and housing sectors must navigate these dynamics carefully to balance visitor accommodation needs with the rights and needs of local populations.