In Greece, the cost of real estate consists of several components. Besides obvious spendings such as utilities and property management, you also have taxes. And in Greece there are two of them: the basic one and additional one. Read now, how not to mix up in the property taxation in Greece.
Taxes for Property Owners
When buying Greek real estate, you will have to pay a transfer tax. But in the future there also will be annual state fees. The law on the unified real estate tax came into force on January 1, 2014. The tax consists of a basic and additional tax.
The basic tax isn’t fixed and depends on the location of the property, its value, the age of the house, and so on.
The amount of this fee depends on a combination of various factors: the location of the property, year of construction, area, floor, cadastral value:
For buildings – €2-13 per sq.m. depending on the location.
For land plots within localities - €3-9 per 1000 sq.m.
For land plots outside localities - €1 per 1000 sq.m.
For example, for an apartment of 70 sq.m. on the first floor of a house built 15 years ago in one of the neighborhoods of Athens the tax amount will be about €230 per year.
Residential Property For Sale
35 000 €
Land in Corinthia, Greece
433 sq.m
Online ViewingRemote Transaction
Plot of 433 square meters, even and buildable, water supplied by a paved road Kato Assos, Corinthia, a few meters from a very nice beach, next to the Assos naval group, next to squares and playgrounds, restaurants, a supermarket and a pharmacy, full of very nice orange trees.
REAL ESTATE SIDERIS
35 000 €
Shop in Thessaloniki, Greece
95 sq.m
Online ViewingRemote Transaction
PROPERTY CODE: 694196
For sale a semi-basement shop of 95 m² in Neapoli.
It is bright, painted and located 20 m from the main road of Neapoli.
Built in 1973. The length of the window is 16,5 m, height 2,8 m and the height of the door is 2,2 m. With mosaic for floor and WC.
There is a possibility of converting it into an apartment....
El Greko
35 000 €
Land in Pieria, Greece
462 sq.m
Remote Transaction
For sale a corner plot of 462,35 m² overlooking the sea and the surroundings.
The plot is within a city plan and there is a possibility to build up to 138,70 m² with a coverage percentage of 30%.
The distance till the sea is 3,6 km.
El Greko
35 000 €
Land in Kassandra, Greece
4005 sq.m
Remote Transaction
For sale a land plot of 4.005 m².
There is a possibility to build up to 200 m².
El Greko
37 000 €
Land in Imathia, Greece
983 sq.m
Remote Transaction
For sale a plot of 983 m² with a building factor of 0,8.
There is a possibility to build up to 780 m².
The plot is located close to a settlement, near a forest.
El Greko
39 000 €
Land in Chalkidiki, Greece
450 sq.m
Remote Transaction
Just in 90 meters from the sea for sale a corner land plot of 450,10 m².
The plot is not buildable, currently there is no possibility of building.
It's suitable for a caravan.
El Greko
42 000 €
Land in Chania Prefecture, Greece
600 sq.m
Plot of 600 square meters in a traditional Cretan village, located in a quiet location 1000 meters from the sea, near the famous Elafonisi beach. The building area is 240 square meters. There is a protected forest nearby. The plot offers a picturesque view of the mountains.
Ailit Estate
43 000 €
Land in Chalkidiki, Greece
348 sq.m
Remote Transaction
For sale a corner plot of 348 m² overlooking the sea and the surroundings.
The plot is located within a city plan and there is a possibility to build up to 122 m².
The walking distance till the sea is 1 km.
El Greko
43 000 €
Land in Kassandra, Greece
5350 sq.m
Online ViewingRemote Transaction
For sale a land plot of 5.350 m² with 120 olive trees.
There is a possibility to build up to 200 m².
El Greko
45 000 €
House on Corfu, Greece
92 sq.m
Situated in the picturesque village of Sinarades, in central Corfu, we have for sale this traditional house that needs total renovation. It is 92sq.m. and sits in a plot of 270sq.m. It consists of two floors. The ground floor used to be the kitchen and living room with a fireplace. An external staircase takes to the first floor which can be...
ROULA ROUVA REAL ESTATE AGENCY
48 000 €
Land on Corfu, Greece
5682 sq.m
Land for sale in Liapades in Northwest Corfu. It is located on the edge of the village in an olive grove and is ideal for anyone looking for tranquility and seclusion. It is flat and faces a rural road. A nice suggestion to build a villa that will offer privacy in the Corfu olive grove. It is 5682.74sqm and has the right to build up to 204sqm...
ROULA ROUVA REAL ESTATE AGENCY
48 000 €
Land in Thessaloniki, Greece
384 sq.m
Online ViewingRemote Transaction
For sale a plot of 384 m².
There is a possibility to build up to 230 m².
El Greko
50 000 €
Flat in Thessaloniki, Greece
60 sq.m311
Online ViewingRemote TransactionRental property
PROPERTY CODE: 695941
For sale mezzanine apartment of 60 m² in Sikies.
It consists of 2 bedrooms, living room, kitchen, bathroom with window and 2 balconies.
The apartment is built in 1965, bright, in a quiet neighborhood.
There is:
- Security door.
- Individual heating with heat accumulators.
- Synthetic frames.
- Tile...
El Greko
50 000 €
Land in Chalkidiki, Greece
900 sq.m
Remote Transaction
For sale a plot of 900 m² with a valid building permit for the construction of a 2-storey detached house with a total area of 76 m².
Also for sale there is the adjacent plot.
El Greko
54 000 €
Land in Thessaloniki, Greece
755 sq.m
Remote Transaction
For sale a plot of 755 m².
There is a possibility to build up to 302 m².
El Greko
55 000 €
Reconstruction property in Chania Prefecture, Greece
52 sq.m111
An old small building in the village of Kokkino Chorio with an area of 52 sq.m. is for sale. The building is intended for demolition or There is a lot of greenery on the site and it is possible to build another 92 sq.m. residential building. The village of Kokkino Chorio is beautiful for its peace and tranquility. The plot is located at a...
Ailit Estate
55 000 €
Land in Chania Prefecture, Greece
380 sq.m
A plot overlooking the sea in the traditional Greek village of Modi. The plot of 380 sq.m. is located in an urban development area. It is possible to build a house with an area of 260 sq.m. There are fruit-bearing olive trees on the plot. The plot offers a beautiful view of the sea and mountains.
Ailit Estate
55 000 €
Studio in Athens, Greece
25 sq.m111
Remote Transaction
Athens, Agios Nikolaos, studio apartment of 25 sq.m. built in 1998.It consists of one kitchen room, a bathroom and a balcony.The apartment has an armored door, double-glazed frames, awnings, air conditioning, intercom, autonomous oil heating, electric water heater and elevator. The floors are tiled. It is located in a very nice residential...
Invest Cafe
55 000 €
Flat in Thessaloniki, Greece
42 sq.m211
Remote Transaction
PROPERTY CODE #571915
For sale an apartment of 42 m² located on the semi basement floor, in excellent condition, renovated in 2023, in the area of Panagia Faneromeni in Thessaloniki.
It consists of 1 bedroom, kitchen, living room and bathroom.
It was built in 2000 and has:
- Air conditioners for cooling/heating
- Natural Gas...
El Greko
55 000 €
House in Loutraki, Greece
60 sq.m211
Online ViewingRemote Transaction
Perachora area
- Just outside Loutraki
- Detached house for sale
- Ground floor 60 sq.m
- Underground warehouse 60 sq.m
- Plot 84 sq.m
- Veranda with sea and mountain view
- One bedroom
- Living room with fireplace and wood stove
- Separate kitchen
- Comfortable bathroom
- Distance from the sea seven kilometers
- Distance...
This is sort of a "luxury tax". The additional tax must be paid, if your property costs more than €300 000. The tax rate depends on the property value:
up to €300 000 – 0,0%;
from €300 000 to €400 000 – 0,1%;
from €400 000 to €500 000 – 0,2%;
up to €500 000 to €600 000 – 0,3%;
from €600 000 to €700 000 – 0,6%;
up to €700 000 to €800 000 – 0,7%;
from €800 000 to €900 000 – 0,8%;
from €900 000 to €1 000 000 – 0,9%;
more €1 000 000 – 1%.
The additional tax does not include land plots outside of localities in the case of a total real estate valuation. It also does not include buildings older than 100 years and the sites where they are located that are classified as protected monuments or works of art.
Large families (with three or more children), as well as families where the father/mother/child has a disability of 80% or higher are exempt from paying property tax.
The 50% discount is given to:
families whose income in the previous tax year does not exceed €9,000 (+€1,000 per child);
the floor space of the property does not exceed 150 sq.m.
Municipal Tax
The amount of municipal tax (for garbage collection, street cleaning, etc.) varies from 0.025% to 0.035% of the price of the property and depends on the location and area. These fees are included in the electricity bill.
How to Pay Taxes in Greece
When you have understood how much you should pay the state, you need to prepare for the procedure itself. You need to issue a taxpayer identification number to pay property taxes in Greece. The tax comes in the form of receipts sent out by the tax service.
You can pay the tax from abroad by bank transfer or in cash via the post office. In addition, an authorized lawyer can deposit money on behalf of the property owner.
