What are the monthly property fees in Greece?
Property maintenance costs in Greece include:
- Property tax
- Property insurance
- Utility and public service costs
TAX
Until recently, the main property tax rates in Greece were:
- €2.80/sq m for properties in areas where the average price per square meter is between €751 and €1,500.
- €3.70/sq m for areas where the price per square meter is between €1,501 and €2,500.
- €4.50/sq m for housing tax in areas where the price per square meter is between €2,501 and €3,000.
The tax can be paid in a single payment or in 10 installments. If the market value of the property is less than €150,000, the owner is eligible for a 30% tax discount.
INSURANCE
Insurance premiums: Property insurance is not mandatory in Greece. However, if the purchased property has a mortgage, insurance of the mortgage amount is mandatory. The annual premium for property insurance is about €350.
UTILITIES AND PUBLIC SERVICES
Utility and public service costs are based on meter readings. The average cost of services for a 50 sq m apartment is over €600 (if the apartment is occupied for 12 months a year).
Waste disposal fees are included in the electricity bill.
Stairwell cleaning, elevator service, home repairs, and heating fees (if central heating is installed) vary with neighborhood prestige and complex. For private houses, costs differ. In housing estates, maintenance costs, including cleaning, external lighting, pool cleaning, gardener, and security fees, are around €600 annually or more.
Electricity bills are issued every two months, based on meter readings.
Water bills are issued every three months, also based on meter readings.
Sample utility prices (in EUR) from previous years:
- Electricity per kWh: 0.094
- Water per cubic liter: 0.41-0.65
- Telephone + internet per month: 26
- Natural gas per m³ (11 kWh): 0.792
- Diesel fuel per liter: 1.61
The given amounts are estimates and may vary depending on the property.
