11/5/2026
The Greek government is introducing 11 measures aimed at increasing housing availability, supporting tenants and property owners, and easing pressure on rental prices.
The initiatives include renovation grants, tax incentives for landlords, restrictions on new short-term rentals and new housing programmes planned for 2027.
1. Renovation grants for older properties
A new programme will subsidise 70%–95% of eligible renovation and energy-upgrade costs, with grants of up to €36,000. The aim is to bring vacant properties back into use, either as primary residences or long-term rentals.
2. Tax incentives for long-term rentals
Property owners who make eligible vacant properties available for long-term rental may benefit from a 36-month rental income tax exemption. The measure has been extended until 31 December 2027, subject to specific conditions.
3. Restrictions on new short-term rentals
Restrictions on new Airbnb-style registrations in designated areas of Athens and Thessaloniki will continue throughout 2027. Existing short-term rental properties are not subject to a general ban.
4. New "My Home III" programme
A €2 billion housing programme is planned for January 2027, offering low-interest mortgages to eligible buyers. The announced criteria include property values of up to €300,000 and mortgages of up to €230,000.
5. Expansion of social housing
Plans include 2,350 new homes on former military sites and approximately 450 homes through the renovation of public buildings, alongside further public-private housing initiatives.
6. Incentives for build-to-rent developments
New tax incentives are being planned for residential developments specifically designed for long-term rentals, with the aim of increasing the supply of rental properties.
7. Expansion of the rent rebate scheme
Eligible tenants will receive rent rebate payments on 30 November. Doctors, nurses and teachers working in regional areas will be entitled to double the standard rebate.
8. Reduced rental income tax
A new 25% tax rate will apply to rental income between €12,000 and €24,000 from 2026, reducing the tax burden on property owners.
9. ENFIA tax exemptions
From 2027, the ENFIA property tax exemption will cover more small settlements, subject to population, property value and tax residency criteria.
10. Extension of property tax incentives
Tax incentives for building renovations will be extended until the end of 2027. The suspension of VAT on new properties and capital gains tax on property transfers will also continue.
11. Higher property transfer tax for certain non-EU and non-EEA buyers
From 1 July 2027, the property transfer tax will increase from 3% to 15% for residential property purchases by individuals who are not tax residents of EU or EEA countries. The measure is based on tax residency rather than nationality.
The new measures create additional opportunities and obligations for property owners in Greece. Renovation grants and tax incentives may encourage more owners to bring vacant properties onto the long-term rental market, while changes to property taxation and short-term rental regulations could influence future investment decisions.
Property owners and prospective buyers should stay informed about the new requirements and assess how these developments may affect their properties and investment plans.
Source: https://www.amna.gr/en/article/1033666/Eleven-new-measures-to-make-housing-more-affordable