Greek taxpayers can expect significant reductions and exemptions on their property tax (ENFIA) in 2026,…
Tag: ENFIA
Greece’s Prime Minister Kyriakos Mitsotakis has announced a VAT reduction for all islands with fewer than 20,000 residents, calling it a “correction of a great injustice.” The measures, taking effect in January, will benefit Limnos, Agios Efstratios, and other small Aegean communities, alongside property tax relief for villages under 1,500 residents.
Prime Minister Kyriakos Mitsotakis will announce at the Thessaloniki International Fair the abolition of ENFIA property tax on primary residences in border regions with populations of 3,000–5,000, as part of a wider package of tax relief measures aimed at supporting families and strengthening national cohesion.
Attica property owners bear 53% of Greece’s €2.3 billion ENFIA tax, despite representing only a third of property owners. Greece’s real estate has an objective value of €777.8 billion, with commercial values exceeding €1.1 trillion, driven by a 30% price surge since January 2022.
The Greek government is set to announce a bold economic relief package at the Thessaloniki International Fair in September, featuring the reinstatement of the 13th pension, abolition of the ENFIA property tax for primary residences, and tax cuts targeting middle-class incomes. Aimed at pensioners, the middle class, and self-employed professionals, the measures seek to reverse public discontent while maintaining fiscal balance.
This article provides an overview of property taxes in Greece for foreign investors in 2025. It covers the taxes involved in purchasing, owning, renting, and selling property, including VAT, transfer tax, the annual ENFIA tax, special real estate taxes for companies, rental income tax, and capital gains tax. The article also explains the tax exemptions and reductions available for long-term rentals and insurance against natural disasters.
Homeowners in Greece can now apply for a real estate tax (ENFIA) discount if their properties are insured against natural disasters, including earthquakes, fires, and floods. Starting in 2025, properties insured for at least a year will receive a tax reduction of up to 20%, with eligibility based on the home’s value. The application process, which involves insurance companies submitting data to the Independent Authority for Public Revenue (AADE), opens on January 15 and runs until February 14, 2025.
February presents a demanding month for taxpayers, requiring them to delve deep into their pockets…
The unemployment rate in Greece fell to 12.8% in January 2022 from 16.2% in the…
Prime Minister Kyriakos Mitsotakis on Wednesday announced a 13 percent reduction in the Single Property…
An estimated 300,000 Greeks abroad are considered to be eligible to register and depending on…
The changes in the property tax (ENFIA) owners are expected to pay in 2022 will…
The new property zone rates the Finance Ministry announced on Monday for the entire country…
A young girl from Pyrgos, in the Peloponesse, fainted on her way home from school,…
The death toll from Monday’s deadly wildfires in Eastern Attica, just 30 kilometers from the…
