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Real estate & government
Greece plans 15% transfer tax for Israeli home buyers from July 2027
The government announced that private buyers from outside the EU will pay 15% transfer tax instead of 3%. It is not law yet.
In 30 seconds
- From 1 July 2027, transfer tax for non-EU citizens, including Israelis, is set to rise from 3.09% to 15.45%.
- Exempt: companies, EU citizens, long-term residents and non-residential property.
- This is only a government announcement; the law and details may still change.
What it means for you
Anyone planning to buy in Greece in the coming year should check the timing now. On a €300,000 flat the difference is about €37,000.
The Greek government announced in September 2026 a sharp rise in transfer tax for buyers from outside the EU.
What we know so far
- When: from 1 July 2027.
- How much: transfer tax rises from 3% to 15%. With the municipal surcharge: 15.45% instead of 3.09%.
- Who: private individuals who are not EU citizens or permanent residents of Greece, buying residential property. This includes Israelis.
- Exempt: companies, EU citizens, long-term residents, the Greek diaspora, and non-residential property (offices, shops, land).
What is still unclear
The law has not yet passed parliament, and details may change. It is not yet clear what will happen to the €250,000 Golden Visa route (commercial-to-residential conversion).
What it means in money
| Property price | Tax today (3.09%) | Planned tax (15.45%) |
|---|---|---|
| €150,000 | about €4,600 | about €23,200 |
| €300,000 | about €9,300 | about €46,400 |
| €500,000 | about €15,500 | about €77,300 |
Tax is calculated on the higher of the contract price and the property's "objective value".
Source: Protothema
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