Greek draft bill: 15% home transfer tax for non-EU buyers

Greece plans to raise the property transfer tax to 15% for home buyers who are tax resident outside the EU and the European Economic Area, from 1 July 2027. The measure is in a draft bill that the Ministry of National Economy and Finance posted for public consultation on 18 October, with comments open until 1 November. It is not yet law and could change before Parliament votes on it.

According to SKAI's summary of the bill on 20 October, Article 16 sets the 15% rate on the taxable value of a home bought by an individual who is tax resident outside the EU and EEA. For everyone else, the rate stays at 3%. The same bill extends the suspension of capital gains tax on property and the VAT exemption for new-build homes through 2027, and abolishes the ENFIA property tax from 2027 in settlements of up to 2,000 people.

Kathimerini worked out what the change would mean. On a home with a taxable value of €250,000, the tax would rise from €7,500 to €37,500; at €500,000, from €15,000 to €75,000; and at €800,000, from €24,000 to €120,000 (as of 13 October 2026, per Kathimerini). The paper also reported, when the measure was announced, that Greeks of the diaspora and people living in Greece for at least six months a year would be exempt. SKAI's summary of the bill does not mention these exemptions, and it is not yet clear how purchases already under way will be treated.