Property-Related Taxes in Greece

Non-resident individuals are generally subject to Greek income tax only on income arising from Greek sources, including income generated from real estate located in Greece. During marriage or a civil partnership, spouses generally submit a joint tax return, although their income and resulting tax liabilities are calculated separately.

Income tax

Rental income from Greek real estate is taxed independently under a progressive tax schedule. From 2026, the applicable rates range from 15% to 45%, with a new 25% intermediate bracket applying to part of the rental income.

Income Tax Rates (2026)

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.

Capital Gains Tax

Capital gains arising from the disposal of Greek real estate by individuals would ordinarily fall within the Greek capital gains tax regime. However, the application of capital gains tax to transfers of immovable property has been suspended through 31 December 2026.

Accordingly, qualifying sales of Greek real estate by individuals during 2026 are generally not subject to Greek capital gains tax under this regime. The treatment applicable after 2026 will depend on whether the suspension is extended or the capital gains tax provisions become effective again.

Corporate Tax

Greek companies are generally subject to corporate income tax at a flat rate of 22%.

Rental income received by a company is treated as ordinary business income and is included in the company's taxable profits. Business expenses incurred for the purpose of generating taxable income are generally deductible, provided that the relevant statutory requirements are satisfied.

Capital gains realized by a company from the disposal of real estate are generally incorporated into its taxable business profits and subject to the standard 22% corporate income tax rate.

Property Buying Costs and Transaction Taxes in Greece

Annual Property Tax – ENFIA

Owners of Greek real estate are subject to the annual Unified Real Estate Ownership Tax (ENFIA). The tax applies to individuals, companies and other legal entities holding rights over Greek real estate as of 1 January of each year.

For individuals, ENFIA consists primarily of a tax calculated separately for each property. The calculation takes into account characteristics including the property's location, surface area, use, age, floor level and number of façades. The applicable objective or zone value is an important component of the calculation.

The current system should not be described simply as a fixed percentage of the property's market value. Instead, the final liability is determined through the statutory ENFIA calculation based on the characteristics and tax valuation of each property.

For individuals whose total Greek real estate value exceeds €500,000, an additional ENFIA charge may apply. This is distinct from the former supplementary property tax system and should not be represented using the old progressive supplementary-tax table.

Certain reductions are available. From 2025 onward, qualifying insured residences can receive an ENFIA reduction of 20% where the taxable value does not exceed €500,000, while qualifying properties above that threshold can receive a 10% reduction, subject to the applicable insurance requirements.

Local Real Estate Duty

Greek property owners are also subject to a relatively small municipal property charge.

Following legislative changes in 2026, the former TAP property duty and certain other municipal charges are being consolidated into the new Local Development Fee (TTA). The new levy is set at between 0.30‰ and 0.70‰ of the applicable property value and is scheduled to be collected through utility bills from 1 January 2027.