Understanding Property Taxes in Greece as a Foreign Buyer
Purchasing real estate in Greece is an exciting opportunity — but like any investment, it comes with responsibilities. One of the most important is understanding your property tax obligations in Greece.
At Vista Estate, we guide our clients through every legal and financial detail so there are no surprises — including taxes. Here is what every property buyer should know in 2025.
Main Property Taxes in Greece
1. Property Transfer Tax (3.09%)
When buying a property from a private individual, you must pay a transfer tax of 3.09% based on the taxable value of the property. This is a one-time payment before signing the final contract at the notary.
2. Value Added Tax (VAT)
If you purchase a newly built property from a developer with a permit after 2006, a 24% VAT may apply instead of the transfer tax. However, many new properties currently benefit from a VAT suspension, which can save buyers a significant amount.
3. Annual Property Tax – ENFIA
All property owners in Greece are required to pay ENFIA, an annual tax calculated based on the size, location, and value of the property. It typically ranges from a few hundred to a few thousand euros per year.
4. Rental Income Tax
If you rent out your property, your income is taxed in Greece — even if you live abroad. Rates are as follows:
- 15% on income up to €12,000
- 35% on income between €12,001 and €35,000
- 45% on income above €35,001
All income must be declared to the Greek tax office.
5. Additional Tax Obligations
Other potential obligations include:
- Municipal taxes (usually included in electricity bills)
- Capital gains tax (currently suspended but may return)
- Filing an annual E9 tax declaration if your property changes
How Vista Estate Helps
At Vista Estate, we provide full transparency on property taxes in Greece. Whether you plan to live in your home or rent it out, our legal and financial advisors will ensure you are fully informed.
Contact us for a personal tax estimate and investment advice tailored to your property.