a
Print
version

Greece is Going to Rase Property Taxes

  • 36
Owners in Athens, Salonika, some areas of Attica, Santorini, and Mykonos will face a noticeable increase.

What happened? The Unified Property Tax (ENFIA) may receive new settlement rates that compensate for the impact of new objective real estate prices. However, maintaining the same rates for determining taxpayers' actual income from their real estate will lead to an increase in income tax for thousands of people.

Thus, an increase in objective prices since January 2022 will directly affect the taxable value of assets, which is used to determine the real income of owners (tekmiria). That is, the amount of tax this year will be higher.

Although just the other day Greece has announced a reduction in the single property tax.

Examples. In areas where the objective value of the real estate has exceeded €2,800 per square meter, tekmiria will grow by 40%. In areas where objective values have exceeded the value of €5,000, tekmiria will increase by 21.43%.

In particular, a significant increase in rates will affect the third district of Athens (including Petralona, Metaxurgeio, Tiseio, etc.), where the zonal rate increases from €2,300 per sq.m to €3,200, the first district of Thessaloniki, as well as areas in Piraeus and Palaio Faliro in Attica. In Santorini and Mykonos, where objective prices have soared above €5,000 per sq.m, property owners are also likely to face a significant increase in income tax.

Feature. The Greek Tax Administration regularly compares the taxable assets of owners with their declared income to determine whether the income justifies the maintenance or purchase of the real estate. If someone's tekmiria are too high for their stated income, a separate set of rates is applied for evaluation. A solidarity tax is also sometimes applied.

Last year, more than two million taxpayers fell into the "trap" of tekmiria, who, according to estimates, received an additional income of €6.35 billion. As a result, the income tax rate for them has increased significantly.

What you can buy in Greece before tax increase:
Flat for 88 000 euro in Thessaloniki, Greece
88 000 €
Flat in Thessaloniki, Greece
71 sq.m 3 2 1
Apartment for sale with an area of 71 sq. m in Thessaloniki. The apartment is located on the second floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom. The facility has heating. The property is sold furnished. The apartment is located in the Nea Politiya area.
GREKODOM DEVELOPMENT A.E
House for 115 000 euro on Mount Athos, Greece
115 000 €
House on Mount Athos, Greece
100 sq.m 3 2 1
Remote Transaction Rental property
For sale a furnished house of 100 m² on a plot of 1.000 m². It consists of 2 bedrooms, living room with open plan kitchen, 1 bathroom, 1 WC and veranda. Also, there is: electric appliances, A/C unit, storage, free parking place. Renovation year: 2015.
El Greko
Villa for 4 200 000 euro in Greece
4 200 000 €
Villa in Greece
378 sq.m 6 7
Residence
The luxurious three-storey villa includes four main bedrooms, a staff room, two fully equipped kitchens, a spacious living room, a spacious dining room, a gym and a sauna. On the territory of the villa there are terraces with sea views, a barbecue area, a swimming pool. The villa also includes a luxurious private sandy beach. The villa is...
NF Group
House for 550 000 euro in Pieria, Greece
550 000 €
House in Pieria, Greece
320 sq.m 7 4 4
Residence
For sale a 3-storey cottage with an area of 320 sq.m on the Olympic Riviera. The ground floor consists of one bedroom, a living room, one bathroom, one pantry. The first floor consists of one bedroom, a living room with a kitchen, one bathroom. The second floor consists of 2 bedrooms, a living room, one kitchen, one bathroom, one shower room....
GREKODOM DEVELOPMENT A.E
Flat for 1 100 000 euro in Thessaloniki, Greece
1 100 000 €
Flat in Thessaloniki, Greece
175 sq.m 4 3 3
Residence
Apartment for sale with an area of 175 sq. m in Thessaloniki. The apartment is located on the seventh floor and consists of 3 bedrooms, a living room, one kitchen, 2 bathrooms, one shower room, one pantry. The apartment has a corner location. The windows overlook the sea, the city. The object has a fireplace, heating. The property is sold...
GREKODOM DEVELOPMENT A.E
House for 200 000 euro in Rafina, Greece
200 000 €
House in Rafina, Greece
187 sq.m
Unfinished cottage in the town of Porto Rafti
GREKODOM DEVELOPMENT A.E
Villa for 1 320 000 euro in Saronida, Greece
1 320 000 €
Villa in Saronida, Greece
210 sq.m 5 4 3
Residence
For sale a 3-storey villa with an area of 210 sq.m in Attica. The ground floor consists of one bedroom, one bathroom. The first floor consists of a living room with a kitchen. The second floor consists of 3 bedrooms, 2 bathrooms. The windows offer a magnificent view of the sea, the mountains, the city, the forest. The facility has solar panels...
GREKODOM DEVELOPMENT A.E
House for 140 000 euro in Rafina, Greece
140 000 €
House in Rafina, Greece
120 sq.m
For sale 1-storey cottage with an area of 120 sq.m in Attica. The windows offer views of the mountains, the city. The property is sold furnished. We offer for sale 3 houses located on a plot of 1,390 sq.m. Each house with an area of 40 sq.m consists of 1 kitchen, 1 living room, 1 bedroom and 1 bathroom.
GREKODOM DEVELOPMENT A.E
Maisonette for 650 000 euro in Voula, Greece
650 000 €
Maisonette in Voula, Greece
245 sq.m 7 5 3
Residence
Townhouse for sale with an area of 245 sq.m in Athens. The townhouse is located on 3 levels. The first floor consists of 2 bedrooms, a living room with a kitchen, one shower room. The second floor consists of a living room with a kitchen, one shower room. The third floor consists of 3 bedrooms, one shower room. The facility has a fireplace, air...
GREKODOM DEVELOPMENT A.E
House for 1 000 000 euro in Nea Makri, Greece
1 000 000 €
House in Nea Makri, Greece
360 sq.m 8 5 3
Residence
For sale a 3-storey cottage with an area of 360 sq.m in Attica. The first floor consists of a living room with a kitchen, one bathroom. The second floor consists of 2 bedrooms, a living room with a kitchen, one shower room. The third floor consists of 3 bedrooms, a living room, one bathroom, one shower room. The windows overlook the sea. The...
GREKODOM DEVELOPMENT A.E
House for 680 000 euro in Athens, Greece
680 000 €
House in Athens, Greece
230 sq.m 4 3
Residence
There is provided for sale a two-storey house with an independent one-room apartment on the basement floor with a total area of ​​230 sq.m. The house is located on a plot of 550 sq.m., in 25 km from the center of Athens (on the ring road 20 minutes) and in 6 km from the port of Rafina. The villa is located in a small village of Kallitechnoupoli...
Mercury Group
Flat for 190 000 euro in Thessaloniki, Greece
190 000 €
Flat in Thessaloniki, Greece
75 sq.m 3 2 1
Apartment for sale with an area of 75 sq.m in the suburbs of Thessaloniki. The apartment is located on the second floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom. The windows overlook the sea, the city. The object has a fireplace, air conditioning, awnings, heating. There is an elevator in the building. The property...
GREKODOM DEVELOPMENT A.E
Flat for 248 000 euro in Athens, Greece
248 000 €
Flat in Athens, Greece
83 sq.m 3
An apartment of 83 sq.m is for sale in Athens. The apartment is located on the floor
GREKODOM DEVELOPMENT A.E
House for 320 000 euro in Pieria, Greece
320 000 €
House in Pieria, Greece
342 sq.m 10 5 3
Residence
For sale a 3-storey cottage with an area of 342 sq.m on the Olympic Riviera. The ground floor consists of 2 bedrooms, 2 living rooms with a kitchen, one bathroom, one shower room. The second floor consists of 3 bedrooms, a living room with a kitchen, a living room, one bathroom. The third floor consists of a living room. The windows offer...
GREKODOM DEVELOPMENT A.E
Villa for 2 100 000 euro in Lagonisi, Greece
2 100 000 €
Villa in Lagonisi, Greece
160 sq.m 4 3 1
Residence
For sale 2-storey villa of 160 sq.m in Attica. The first floor consists of one storage room. The second floor consists of 3 bedrooms, a living room, one kitchen, one bathroom, one bathroom. The villa has a corner location. The windows offer a magnificent view of the sea, the mountains, the city. The facility has solar panels for water heating,...
GREKODOM DEVELOPMENT A.E
Flat for 160 000 euro in Pieria, Greece
160 000 €
Flat in Pieria, Greece
130 sq.m 5 4 1
Apartment for sale with an area of 130 sq.m on the Olympic Riviera. The apartment is located on the second floor and consists of 4 bedrooms, a living room with a kitchen, one shower room. The windows offer views of the mountains, the forest. The facility has solar panels for water heating, fireplace, air conditioning, awnings, heating. The...
GREKODOM DEVELOPMENT A.E
Maisonette for 260 000 euro in Attica, Greece
260 000 €
Maisonette in Attica, Greece
88 sq.m 3 2 1
Residence
Apartment for sale with an area of 88 sq.m in Athens. The apartment is located on the third floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom. The facility has solar panels for water heating, fireplace, air conditioning, heating. There is an elevator in the building. The property includes a parking space. The apartment...
GREKODOM DEVELOPMENT A.E
Flat for 235 000 euro in Athens, Greece
235 000 €
Flat in Athens, Greece
61 sq.m 2 1 1
An apartment of 61 sq.m is for sale in Athens. The apartment is located on the fourth floor and consists of one bedroom, a living room with a kitchen, one shower room, one pantry. The facility has solar panels for heating water, a fireplace, air conditioning, awnings, heating. The property is sold furnished. There is an elevator in the building....
GREKODOM DEVELOPMENT A.E
Flat for 150 000 euro in Athens, Greece
150 000 €
Flat in Athens, Greece
74 sq.m 3 2 1
An apartment of 74 sq.m is for sale in Athens. The apartment is located on the fourth floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom. The facility has solar panels for heating water, air conditioning, awnings, heating. The property is sold furnished. There is an elevator in the building. The apartment is located in...
GREKODOM DEVELOPMENT A.E
Flat for 90 000 euro in Thessaloniki, Greece
90 000 €
Flat in Thessaloniki, Greece
68 sq.m 3 2 1
An apartment of 68 sq.m is for sale in Thessaloniki. The apartment is located on the sixth floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom. The windows offer views of the mountains and the city. The facility has air conditioning, awnings, heating. The property is sold furnished. There is an elevator in the building....
GREKODOM DEVELOPMENT A.E

Source: ekathimerini.com

Quoting conditions of Prian.info materials

Share the link:
Tags: Greece, Real Estate, Taxes and fees

Read also

European lawmakers have agreed on a draft regulation for data collection and sharing for short-term rental services
The landlords and online platforms will have to send monthly reports to the authorities.
The short-term rental sector in the EU has strengthened by 50% over the year
In 2022, the largest increase in the number of nights compared to 2019 was registered in Sweden...
Housing prices in the EU have increased by almost 50% in 12 years
Purchase prices are rising faster than rental rates.
Greece is going to introduce new taxes on short-term rentals
The value-added tax (VAT) will be imposed on those owner-managers who have three or more properties.
Greece is the leader in terms of short-term rental occupancy growth in Europe
The average occupancy rate has increased by 9.2% year-on-year and reached 52.3% in April this year.
Greece has recorded major growth of foreign investments in the housing market
The expected changes of the "golden visa" program conditions for the purchase of real estate are...

Interesting to read

News and articles on the topic «Greece»

Greece plans to introduce restrictions on short-term rentals

The owners of the properties obtained under the “Golden visa” program will not be allowed to...

  • 18.03.2024
  • 4

EU tourism performance exceeds pre-pandemic levels

The number of nights spent in EU tourist accommodation reached 2.9 billion in 2023.

  • 12.03.2024
  • 14