Enter the property price (or ENFIA objective value if higher) to calculate the 3% transfer tax owed to AADE before the notarial deed.
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How the transfer tax works in Greece
Greece levies a flat 3% real estate transfer tax on every resale property transaction. The tax base is the higher of the declared contract price and the ENFIA objective value, preventing artificial price deflation. The buyer must pay the tax in full via Taxisnet before the notary signs the deed. New residential properties sold by developers within five years of completion fall outside this regime and are instead subject to the 24% standard FPA (VAT) rate, making them substantially more expensive from a tax perspective.
Example calculation
A resale apartment with a contract price of 180,000 EUR and an ENFIA objective value of 150,000 EUR: the transfer tax base is 180,000 EUR (higher value). Transfer tax = 180,000 x 3% = 5,400 EUR. Total cost at notary including tax = 185,400 EUR. If the same property were a new build under five years old, the 24% VAT would be 43,200 EUR, making the total 223,200 EUR.
Tips and considerations
Always ask the seller to provide the current ENFIA assessment for the property to confirm the objective value before completing. If the objective value exceeds your contract price, budget the transfer tax on the higher figure. Keep the AADE payment receipt safe as it is required by the notary and confirms your legal obligation has been met. The transfer tax is not recoverable for income tax or ENFIA purposes.
Frequently asked questions
What is the real estate transfer tax rate in Greece in 2025?
The Greek real estate transfer tax (Foros Metavivasis Akiniton) is a flat 3% applied to the higher of the contract price or the ENFIA objective value of the property. This single flat rate has been in effect since January 2020 following the consolidation of the previous two-tier structure. The 3% tax is mandatory for all resale residential and commercial property transfers and must be paid before the notarial deed of sale can be signed. The tax authority AADE issues a pre-payment receipt that the notary requires at completion.
Do new properties attract transfer tax or VAT in Greece?
New residential properties sold by a developer within five years of completion are subject to 24% VAT (FPA) instead of the 3% transfer tax. This distinction is important because 24% VAT on a new apartment is substantially higher than the 3% transfer tax on a comparable resale property. After the five-year period has elapsed since the property's completion, subsequent sales revert to the 3% transfer tax regime. Buyers of new-build properties should confirm from the developer whether the sale is VAT-applicable and obtain a formal confirmation letter, as the distinction affects the total acquisition cost significantly.
What is the ENFIA objective value and why does it matter for transfer tax?
The ENFIA objective value is a standardised per-square-metre value assigned to every property in Greece by the tax authority, based on zone, floor level, age, and surface area. The transfer tax base is the higher of the contract price and the ENFIA objective value, which prevents buyers and sellers from understating prices to reduce tax. In some areas of Greece, particularly in parts of Athens and tourist destinations, market prices significantly exceed the ENFIA objective values, meaning the transfer tax is calculated on the actual contract price. In rural or depressed-value areas, the objective value can sometimes exceed the market price, increasing the transfer tax burden on buyers.
Who pays the transfer tax when buying property in Greece?
The real estate transfer tax is legally the buyer's obligation in Greece. It must be paid to the tax authority before the notarial deed is executed, and the notary will not proceed without the AADE transfer tax payment certificate. Payment is made online via the Taxisnet portal or at an approved bank. The tax must be paid in full; there is no installment option for the transfer tax itself, though mortgage financing covers the total acquisition cost including the tax for most buyers. Some property prices are negotiated on a gross basis inclusive of tax, but legally and practically the tax liability falls on the purchaser.