Greece is introducing a wide range of housing measures to make homes more affordable, increase long-term rental supply, and support homeownership.
Key measures include:
Key measures include:
- Renovation subsidies: Grants of up to €36,000, covering up to 95% of eligible renovation and energy-efficiency costs, to bring vacant properties back into use.
- Tax incentives for landlords: Rental income tax exemptions for up to 36 months on qualifying long-term leases, encouraging owners to return vacant properties to the market.
- My Home III: A €2 billion housing programme planned for January 2027, offering low-interest mortgages of up to €230,000 to eligible buyers.
- Social housing: Plans to build 2,350 energy-efficient homes on former military sites and renovate public buildings to create additional housing.
- Rent rebates: Eligible tenants are expected to receive reimbursements on November 30, with additional support for certain public-sector workers in rural areas.
- Lower rental income tax: A new 25% tax rate on rental income between €12,000 and €24,000 for the 2026 tax year.
- Property tax exemptions: Expanded ENFIA relief for eligible primary residences in smaller communities from 2027.
- Construction tax relief: Planned extensions of tax incentives for renovations, alongside the suspension of VAT on qualifying new buildings.
- Higher property transfer tax: From July 1, 2027, the transfer tax is planned to rise from 3% to 15% for residential purchases by individuals who are not tax residents of the EU or EEA.
Additional incentives are also being considered for developers who build properties specifically for long-term rental.
What does this mean for property owners and buyers?
These measures could create new opportunities for property owners looking to renovate vacant homes, landlords considering long-term rentals, and buyers seeking to enter the Greek property market. However, several initiatives are still awaiting approval or implementation, and eligibility conditions will apply.
The government plans to present further details in a comprehensive bill expected in November 2026, with several measures scheduled to take effect in 2027.
