Buying Costs and Taxes When Purchasing Property in Greece (2026)
A clear 2026 breakdown of what an international buyer really pays in Greece — transfer tax, fees, and annual taxes — with a realistic round-trip total.
Greece remains one of Europe's most attractive property markets for international investors, but the headline price is only part of the picture. Understanding the taxes and one-off costs before you sign helps you budget accurately and avoid surprises at the notary's office. Here is what you can expect to pay in 2026.
Transfer tax vs. VAT on new-builds
Most resale purchases attract a property transfer tax of 3.09% (3% plus a 0.09% municipal surcharge), calculated on the higher of the purchase price or the tax-assessed value. New-build homes sold by a developer would normally carry 24% VAT instead, but this VAT has been suspended: the government extended the suspension to 31 December 2026 (KPMG, vatcalc), so most 2026 new-build transactions fall under the 3.09% transfer tax instead — a significant saving.
Notary, lawyer and registry fees
Expect notary fees of roughly 1–2% of the property value plus VAT, on a sliding scale. Independent legal advice, though optional, is strongly recommended and typically costs 1–2% plus VAT. Land Registry or Cadastre registration adds approximately 0.5% (Elxis, immigrantinvest).
Agent commission
Where an estate agent is involved, buyer-side commission usually runs 2–4% of the agreed price plus VAT (Elxis).
Annual taxes and rental income
Once you own, the annual ENFIA property tax applies, with a main building rate of roughly €2–16.20 per m² depending on location and characteristics; high-value portfolios above €500,000 face a 5–20% supplement. Rental income is taxed progressively: 15% up to €12,000, 35% from €12,001–€35,000, and 45% above €35,000, for residents and non-residents alike. A 2026 reform introduces a new 25% band for €12,000–€24,000 income (Ellytic). Capital gains tax on property sales (15%) remains suspended through 31 December 2026 (Ellytic).
Realistic round-trip cost
As a rule of thumb, budget around 5% for fixed costs, rising to roughly 10% of the price once agent and lawyer fees are included (Elxis).
This article is for information only and is not legal, tax, or investment advice. Always consult a qualified local professional before you buy.
Sources: kpmg.com, elxis.com, immigrantinvest.com, ellytic.com, vatcalc.com