9/17/2026
2027 will bring a series of new tax measures affecting property owners and buyers in Greece, including expanded tax exemptions and incentives for property renovation and long-term rentals.
ENFIA exemption: From 2027, tax residents of Greece will be exempt from ENFIA on their primary residence if it is located in a settlement with up to 2,000 inhabitants. In Western Macedonia, the limit is increased to 2,200 inhabitants. The exemption applies to properties valued at up to €400,000 and is expected to cover approximately 62,000 additional property owners.
Tax incentives for vacant properties: The income tax exemption for owners who bring vacant properties onto the long-term rental market will be extended through 2030. The measure also applies to certain properties previously offered for short-term rental, providing a three-year exemption from rental income tax under specific conditions.
Renovation tax incentive: The tax credit for building renovation and energy-upgrade expenses will also be extended through 2030, offering a total tax reduction of up to €16,000 over five years.
VAT exemption on new properties: The suspension of the 24% VAT on newly built properties will continue through 2030. Buyers will therefore continue to pay the 3% property transfer tax instead of VAT, significantly reducing the overall acquisition cost.
Higher transfer tax for non-EU buyers: From July 2027, the property transfer tax on residential purchases by citizens of non-EU and non-EEA countries without long-term resident status is scheduled to increase from 3% to 15%. Including the 3% municipal surcharge on the tax, the effective burden will reach approximately 15.45%, compared with 3.09% today.
The measures form part of a broader effort to support the housing market, encourage the use and renovation of vacant properties, and address housing pressures in areas experiencing strong external investment demand.
Source: https://www.ekathimerini.com/economy/1315068/property-tax-breaks-extended/