Changes to Property Tax

Your search results
Posted by Roy Weatherby on 22 February 2022

Changes to Property Tax

Earlier this month, the Prime Minister of Greece announced changes to the rates and brackets of the  ENFIA (Uniform Real Estate Property Tax), which will result in a 13% reduction or €350m in ENFIA payments. The PM indicated that the change would impact positively on as many as 80% of Greek property owners, whilst a minority of 6% will see an increase in tax.

Some property owners in the lower value areas will see reductions as much 30% for properties and 50% for land, whereas the tax will increase for some owners due to the high value location of their properties.

According to the Minister of Finance, without the reduction in the rates, the ENFIA tax would have seen increases to as much as 60% generated by the newly applied taxable property price brackets.

First introduced in 2011, the ENFIA tax was reduced by 20% in 2020.

Greece’s Golden Visa is said to have outperformed the other Residence by Investment Programs in Europe, achieving 1,035 approvals. The Greece Golden Visa can lead to Greek and European citizenship after 7 years. To learn more about becoming a Greek resident and/or a Greek tax resident, please contact the Overseas Investor.

Apply for Residency by Investment in Greece

Please contact us if you have any questions or require further information relating to; the different Golden Visa program options available or require a personal quotation sheet for individual or family Golden Visa applications.

Alternatively, connect to our team via WhatsApp or Facebook Messenger.

The Overseas Investor can introduce you to our recommended Greek Lawyer who is a Licenced Local Agent for the Residency by Investment program for Greece. We are also here to assist each client throughout the whole legal process.

Compare Listings