Expenses for real estate purchases and taxes in Greece
An additional amount of around ca. 10%-12% of the purchase price should cover the costs of:
Τransfer Tax: 3.09%
Legal Fees: 1.5%
Public Notary Fees: 1.5%
Registration of Title Deed / Land/ Cadastral Registration office: 0,6%-1%
Technical Due Diligence: Expenses vary according to the complexity of
the research and the value of the property.
Estate Agent Fees: 3%
all + VAT
The new properties (that includes all properties whose planning permission is dated after January 2006) attracted 24% Value Added Tax. However, the government decided to give an exemption from VAT to new properties for three years from 2019
Income tax scale (rental)
Annual Income tax:
– up to € 12,000 the tax rate is 15%
– from €12,001 to € 35,000 tax rate is 35%
– and from € 35,001 and upwards, the rate is 45%.
Different tax rates apply to companies!
Moreover, a special solidarity contribution is due at a progressive tax scale of up to 10%.
Annual Property Taxes:
ENFIA (Uniform Real Estate Property Tax) €0,0037-€11.25/sq.m.
TAP (Municipal Tax) 0,025%-0,035%
Special Tax 15 % (This applies to all companies in Greece which own real estate).
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