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.
- 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.
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".
Full guide to buying a flat in Greece
What this means for Israeli real estate investors in Greece
If you are considering buying a property in Athens or anywhere else in Greece, the planned tax change requires you to review your transaction timeline carefully. Since the bill has not yet passed parliament, it is essential to consult a local lawyer and an accountant before signing any binding agreements. Check with your professionals whether your purchase is expected to be completed before the planned effective date and whether there are legal ways to prepare, such as forming a company or looking into commercial properties that are not included in the proposal. Always verify the latest updates directly with the competent Greek authorities.
FAQ
When is the new 15% transfer tax for non-EU buyers planned to take effect? The planned tax is scheduled to take effect on 1 July 2027, but the law has not yet passed parliament.
Which Israeli buyers are expected to be affected by the transfer tax increase in Greece? Private individuals who are not EU citizens or permanent residents of Greece and are buying residential property.
Will companies and non-residential properties be affected by the transfer tax change? No, companies, long-term residents, the Greek diaspora, and properties such as offices, shops, and land are exempt from the planned tax.
