Greece to increase property transfer tax for non-EU buyers

Greece is set to implement a significant increase in property transfer taxes for non-EU citizens, scheduled to take effect on July 1, 2027. The tax rate for individuals from third countries without long-term resident status will rise from 3% to 15%. This change specifically targets residential properties and excludes EU citizens, diaspora, and long-term residents.

Data from Elxis – At Home in Greece indicates that demand from non-EU buyers has surged by 44%, with one in five holiday home purchases currently made by individuals from outside the EU, notably from the UK, USA, and Australia. Buyers are reportedly attempting to finalize transactions before the new regulations are enacted. For a property valued at 200,000 euros, the tax burden would increase from approximately 6,000 euros to 30,000 euros.

In a separate taxation context, a study highlights varying beer consumption taxes across Europe. While the EU sets a minimum excise duty, many member states impose significantly higher rates. Greece ranks 8th in excise duty per 330 mL bottle at 0.206 euros, supplemented by a 24% VAT.