Greece raises property tax for non‑EU buyers from 3,09% to 15,45% on July 1, 2027
The tax on residential purchases by third‑country nationals rises from 3,09% to 15,45% and takes effect on July 1, 2027.
The Greek government will sharply raise the property tax applied to individuals who are not citizens of European Union member states. The new regime takes effect on July 1, 2027 and targets natural persons from third countries buying residential real estate in Greece.
What changes and who will be affected
Under the measure, the tax that currently stands at 3,09% will be increased to 15,45%. The change is aimed at purchases of residential property and represents a substantial rise in the transfer burden for non‑EU buyers.
The reform is expected to hit citizens of North Macedonia as well, since many already own homes and holiday properties in Greece, notably around Thessaloniki and the popular peninsulas of Halkidiki.
Greek authorities say the new rate will apply to individuals from third countries purchasing residential units; the announcement sets a clear implementation date of July 1, 2027. Market participants and foreign buyers are likely to reassess planned acquisitions in light of the much higher levy.
Real estate agents and owners in border and tourism areas may see a shift in demand as prospective buyers from non‑EU states weigh the additional cost. Observers expect the biggest effects along the northern Aegean coast and the Halkidiki resorts, where buyers from neighbouring countries have been active.
Photo: press material from the event
