Am I eligible for relief when I buy a new property in Greece?

  1. VAT rebates

For new properties that are purchased directly from a developer, the standard rate is 24% VAT. However, in some areas of Greece, mainly on smaller islands or in less developed regions, the VAT rate may be reduced or even abolished altogether to encourage investment.

  1. Exemptions for the first purchase

Greece sometimes offers tax breaks for first-time property buyers. These concessions can include reduced tax rates or complete exemptions, but they are usually only available to people who meet certain criteria, such as citizenship, permanent residence in Greece or income brackets.

3. Incentives for Energy Efficiency

Greece may offer incentives to those who invest in energy-efficient properties or make improvements that increase the energy efficiency of existing properties. Such investments can be supported by tax credits or grants.