Property Taxes in Greece Explained (2025 Update)

When buying property in a foreign country, one of the most important things to understand is the tax system. Greece has become an attractive destination for investors, retirees, and Golden Visa applicants, but navigating the tax rules can feel overwhelming. This article provides a clear breakdown of property taxes in Greece as of 2025 — what you pay when buying, owning, and selling real estate.

BUYING & RENTING PROPERTYTAXES AT GREECE REAL ESTATE

Christos Boubalos - poli.gr - poli gr

9/6/2025

1. Taxes When Buying Property in Greece

Transfer Tax (FMA)

Standard rate: 3% of the property’s objective value (official tax value, not always the same as the market price).
Paid once, at the time of purchase.

Notary & Registry Fees

Notary fees: 0.8%–1.2% of property value.
Land Registry or Cadastre fee: ~0.5%.
These are not “taxes” but mandatory transaction costs.

VAT (Value Added Tax)

For newly built properties (construction permit after 2006), VAT at 24% may apply.
Currently, Greece has extended a VAT suspension until 2025, meaning no VAT on new residential sales for now.
Always check if the suspension is further extended.

2. Annual Property Taxes

ENFIA (Unified Property Tax)

The main annual property tax.
Calculated on objective value, size, location, and property age.
For most residential properties: 0.1%–1.0% of taxable value.
Example: an apartment worth €250,000 may pay around €500–€1,000 per year.

Municipal Taxes

Added to your electricity bill.
Usually 0.025%–0.035% of property value annually.

3. Taxes on Rental Income

If you rent out your property (long-term or Airbnb):

0–12,000 € income → taxed at 15%
12,001–35,000 € income → taxed at 35%
Over 35,000 € income → taxed at 45%

💡 Additional: Solidarity tax has been abolished, so the above rates are final.

Short-term rentals (Airbnb): You must register with the Independent Authority for Public Revenue (AADE). Special taxes may apply depending on the scale of operation.

4. Taxes When Selling Property

Capital Gains Tax

Introduced at 15%, but suspended several times.
In 2025, the suspension is still in place, meaning no capital gains tax on sales (subject to government updates).

Inheritance & Gift Tax

Properties transferred to relatives may have reduced tax rates.
Example: transfers to children/spouse often taxed at 1%–10%, depending on value.

5. Double Taxation Treaties

Greece has signed treaties with many countries to avoid double taxation.
This means if you are taxed on property income in Greece, you may receive credit in your home country.
Always check specific agreements between Greece and your country of residence.

✅ Key Takeaways

Buying: 3% transfer tax, plus notary and registry fees.
Owning: ENFIA (annual), plus small municipal tax.
Renting: 15%–45% progressive tax on rental income.
Selling: No capital gains tax in 2025, but this may change.
Greece remains a competitive market compared to other EU countries, especially for long-term investors.

📞 Need Expert Guidance?

At POLI Real Estate, we work with trusted legal and tax advisors to help foreign buyers navigate the Greek property market.
👉 Contact us today for personalized advice and property opportunities.