📌 Considering buying or selling property in Greece? Whether you’re an expat, digital nomad, or investor, understanding how real estate taxes and capital gains apply to you is essential. Greece offers favorable conditions for real estate investments — but knowing your tax obligations is key to avoiding surprises.
🇬🇷 Key Real Estate Taxes in Greece
📥 1. Property Transfer Tax (PTT)
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Rate: 3.09% on the contract price or the property’s objective value (whichever is higher).
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Applies at the time of purchase.
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Paid by the buyer.
🧾 2. Annual Property Tax (ENFIA)
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Calculated based on location, property size, and age.
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Foreigners are subject to the same rates as locals.
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Typically ranges from €2–€13 per sq. meter per year.
🏗️ 3. VAT on New Properties
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24% VAT applies only to newly built properties with a construction permit issued after 2006.
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Some exemptions may apply based on usage or timeframe.
💰 Capital Gains Tax for Foreign Sellers
💸 When Selling
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A 15% Capital Gains Tax is technically applicable to profits from real estate sales.
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However, this tax has been suspended multiple times. As of now, the suspension is extended until the end of 2024 (and likely to be renewed).
📌 Key Notes:
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Applies only to profits (difference between sale and purchase price).
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Costs of improvements and renovations may be deducted.
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Must be declared even if no tax is ultimately due.
🧮 Example Calculation
Let’s say you bought a property for €200,000 and sold it for €250,000.
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Capital Gain: €50,000
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Tax (if active): €7,500
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With current suspension: €0, but must still report.
🌍 Double Taxation Agreements
Greece has tax treaties with over 50 countries. These prevent you from being taxed twice on the same income and may provide further relief for capital gains.
🛡️ Tax Residency and Non-Dom Benefits
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If you’re a Greek tax resident, global income is taxable.
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Non-dom regimes exist that offer favorable flat tax options for high-net-worth individuals.
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Consider consulting a local tax advisor before making a large transaction.
✅ Final Tips for Foreign Investors
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Always request an E9 property tax clearance certificate.
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Work with a lawyer to verify ownership and register the title.
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Have your AFM (Greek tax number) ready for all real estate transactions.
🗣️ Let’s Make It Easy for You
📞 Need help managing your real estate taxes in Greece?
📋 Our multilingual legal team can guide you through every step — from acquisition to sale, including tax planning and registration.
💼 Let BorderlessLawyers.com simplify Greek real estate law for you.