Property-Related Taxes in Greece

Non-residents are taxed in Greece only on income derived from Greek sources. Married couples are taxed separately, although certain adjustments may apply. Non-residents who are EU residents may qualify for deductions and tax credits if at least 90% of their worldwide income is sourced in Greece.

Rental income is taxed at progressive rates ranging from 15% to 45%, with a standard 5% deduction applied instead of actual expenses. Capital gains from the sale of Greek real estate are currently exempt from tax until at least 31 December 2026.

Corporate income and capital gains are taxed at a flat rate of 22%. Property buyers typically face total transaction costs of around 6% to 9%, while roundtrip costs generally range between 7% and 11%. Annual property holding taxes apply through the ENFIA system, along with a small municipal real estate duty.

Annual Property Tax

State Real Estate Tax (ENFIA)

ENFIA is levied annually on individuals and legal entities owning property in Greece. The main tax is calculated based on factors such as zone value, year of construction, floor area, usage, and other property characteristics. Zone value is the primary determinant of the tax burden.

ENFIA Zone Tax Rates (2025)

In addition to the principal ENFIA tax, a supplementary tax may apply based on the objective property value as assessed on 1 January. For individuals, this supplementary tax is levied at progressive rates.

Supplementary Property Tax (2026)

Local Real Estate Duty (TAP)

In addition to ENFIA, property owners must pay a local real estate duty (TAP) to the municipality. The rate typically ranges between 0.025% and 0.035% of the assessed property value.

Rental Income Tax

Rental income earned in Greece is subject to progressive income tax. A standard deduction of 5% of gross rental income is applied in lieu of actual expenses.

In addition, eligible renovation and energy-efficiency expenses benefit from a tax incentive allowing 40% of qualifying costs to be deducted from income tax over a five-year period, subject to a maximum total deduction of €16,000.

Rental Income Tax Rates (2026)

Capital Gains Tax on Property Sales

Individuals, including non-residents, are currently exempt from capital gains tax on the sale of Greek real estate. This exemption remains in force under a legislative suspension that is valid until at least 31 December 2026.

As a result, property sales in 2025 are generally not subject to Greek capital gains tax.

Corporate Taxation in Greece

Income and capital gains earned by companies are subject to corporate income tax at a flat rate of 22%. Expenses incurred in the production of taxable income are generally deductible.

Rental income received by companies is treated as business income and taxed at the standard corporate income tax rate.

Property Buying Costs and Transaction Taxes in Greece