Greek government plans to extend rental tax exemption to 2027

The government is reviewing changes to the tax incentive scheme for owners who let out residential properties. The current three‑year income‑tax exemption for long‑term rentals, which ends in 2026, may be extended at least until the end of 2027. The proposal also seeks to broaden eligibility and cut the required vacancy period from three years to two years, aiming to boost the supply of long‑term rental housing.

Under the existing rules, a property must have been empty or used solely for short‑term rentals for three years before a new long‑term lease, must not exceed 120 m² (with a 20 m² increase per additional child beyond two), and the lease must last at least three years. Example calculations show an owner earning €850 per month could save about €4,590 over three years, while an owner renting at €1,000 per month could save roughly €5,400.

If a tenant leaves early, the owner can retain the exemption by concluding a new lease within three months. The reforms aim to encourage more owners to place properties on the long‑term market.