Greek Property in 2027: What Changes and How to Prepare

At the Thessaloniki International Fair in September, the Greek government announced measures that change the cost of buying and owning property from 2027. The final provisions have not been published yet. The time to prepare, however, is already running.

The biggest change concerns buyers from outside the European Union. From 1 July 2027, as the Minister of National Economy and Finance has stated, the transfer tax on a home bought by a third-country national rises from 3% to 15%. With the municipal surcharge, the burden goes from 3.09% to 15.45%: on a €500,000 home, from €15,450 to €77,250. The measure covers residential property only, and individuals only. According to the ministry’s statements, EU and EEA citizens, long-term residents and Greeks of the diaspora are exempt. Two questions remain open: how conversions of buildings under the Golden Visa scheme will be treated, and whether a preliminary contract signed before 1 July secures today’s rate.

If you are a buyer from a third country, start now. A tax number, a bank account, and the legal and technical checks take months, not weeks. Aim to sign the final contract well before 1 July 2027, and do not rely on a preliminary contract until the transitional rules are published. Work out the cost at both rates. If you are selling a home that appeals to these buyers, prepare the property’s file now, so that the sale can close in time.

The second change lowers the cost of ownership. From 2027, the abolition of the annual property tax ENFIA is extended to settlements of up to 2,000 residents, and up to 2,200 in Western Macedonia. That adds 131 settlements and about 62,000 owners. Check whether your settlement is included and whether your property meets the conditions of the exemption.

Third, the incentives for closed homes. The announcements include a three-year income tax exemption for vacant homes that are let, tax incentives for renovations, and a continued suspension of VAT on new buildings. If you own a closed property, compare the long-term letting scenario with your other options now.

Fourth, the “My Home 3” (Spiti Mou 3) programme, with funds of €2 billion. The age limit rises to 55, the property value to €300,000 and the loan to €230,000. It covers primary residences only. For sellers, homes priced up to €300,000 gain a wider pool of potential buyers.

Our read: in 2027, time becomes part of the price. What has been announced will be settled in the final provisions, so it is worth preparing without committing too early. Delfi Properties works with buyers and owners on the property side of these decisions, alongside their legal and tax advisers.

What’s your read?

Sources: the Prime Minister’s speech at the Thessaloniki International Fair, 5 September 2026 · statements by Finance Minister K. Pierrakakis and Deputy Minister D. Markopoulos (Proto Thema, Newmoney, 8 September 2026) · SKAI, 7 September 2026 · Taxheaven.

General information, not legal or tax advice. The measures have been announced and may change when legislated. Please consult a lawyer and an accountant about your own case.