Act Now to Lock In the 3% Tax Rate Before the New Policy Takes Effect!

Greece’s Prime Minister has announced a major tax reform proposal that could significantly increase the cost of buying real estate for non-EU investors. Under the proposed policy, the Property Transfer Tax for foreign buyers from outside the European Union is set to rise from 3% to 15%.

While the exact effective date and finalized legislative details are currently pending, this upcoming shift creates a critical, limited-time window for non-EU investors to secure Greek property under the current tax regime.

What Does the 15% Transfer Tax Mean for Investors?

To put this proposed increase into perspective, the financial impact on non-EU buyers will be substantial:

  • €250,000 Property (Golden Visa Conversion Project):

    • Current Tax (3%): €7,500

    • Upcoming Tax (15%): €37,500

    • Additional Cost: +€30,000

  • €300,000 Property:

    • Current Tax (3%): ~€9,000

    • Upcoming Tax (15%): ~€45,000

    • Additional Cost: +€36,000

  • €800,000 Property (Prime Athens/Islands Golden Visa Threshold):

    • Current Tax (3%): €24,000

    • Upcoming Tax (15%): €120,000

    • Additional Cost: +€96,000

Paying five times more in transfer taxes directly impacts your return on investment and capital efficiency.

Why You Must Act Immediately

As history in the Greek real estate market has shown with recent Golden Visa threshold updates, announcements of this scale trigger a massive market rush. Investors worldwide are racing to finalize purchase contracts before the higher tax rate takes legal effect.

Key Reasons to Secure Your Property Now:

  1. Save Tens of Thousands of Euros: Purchasing under the 3% tax rate keeps your initial setup costs significantly lower.

  2. Beat the Processing Bottlenecks: As demand surges, notary schedules, legal reviews, and registry approvals will inevitably face delays. Starting your acquisition process immediately ensures your transaction closes safely before the deadline.

  3. Lock In High-Demand Prime Units: The best €250,000 and Prime Area properties are selling rapidly. Delaying means fewer choices and higher property prices.

Don’t Wait Until It’s Too Late — Secure Your Greek Real Estate Today

The window of opportunity to purchase Greek real estate under the 3% transfer tax rate is open now, but it will close quickly.

Whether you are looking to obtain European residency through the Greece Golden Visa program or seeking a lucrative Mediterranean real estate investment, taking action today will save you tens of thousands of euros.

Contact our real estate and legal experts immediately to explore available properties and start your purchasing process before the tax increase takes effect.

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