How wealth tax works in Greece
Greece does not levy a general net wealth tax on an individual’s worldwide assets in 2026. It does, however, tax the ownership of Greek real estate through ENFIA, so the absence of a net-worth tax should not be read as an absence of wealth-related taxes.
ENFIA is assessed annually on rights in rem over Greek real estate held on 1 January. For individuals, the main tax is calculated property by property using factors such as location, surface, use, age, floor and façades, with a further adjustment linked to the value of the person’s real estate.
The Enterprise Greece 2026 guide gives a building main-tax range of EUR 2 to EUR 16.20 per square metre before the applicable coefficients. Land, plots and buildings use different formulas, and the assessment is based on the E9 property declaration.
Legal entities can face ENFIA main and supplementary taxes. Greek and foreign legal entities owning Greek real estate can also fall within the 15% Special Real Estate Tax, although formal exemptions exist for entities that disclose their owners or meet other statutory conditions.
Greece also applies real-estate transfer tax, generally 3% on the taxable value and payable by the buyer, plus possible VAT on new buildings and municipal charges. These are transaction taxes rather than annual net-wealth taxes.
Tax rates at a glance
- General net wealth tax
- 0%No broad tax
- ENFIA building main tax
- EUR 2 - 16.20/m²
- High-value ENFIA adjustment
- Applies above EUR 500,000
- Special Real Estate Tax for some legal entities
- 15%
- Real-estate transfer tax
- 3%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Property ownersExpatsInvestorsFamily officesHigh-net-worth individuals
Watch out for
- No net wealth tax does not mean that a Greek resident can ignore assets. Greek real estate is subject to ENFIA, and worldwide income from assets can still be taxable for a Greek resident.
- ENFIA is not one simple percentage. Location, objective value, property type, surface, use, age, floor, façades, ownership right and total holdings can all change the assessment.
- The 15% Special Real Estate Tax is aimed at legal entities and has important exemptions, but the disclosure and beneficial-owner conditions are formal and should be reviewed before using a company to hold Greek property.
- For 2026, qualifying Greek tax residents with a main residence in certain small settlements can receive a 50% ENFIA reduction, subject to population, location and property-value conditions. A wider exemption is scheduled from 2027 under the current rules.
- A property purchase can involve 3% transfer tax, VAT on some new buildings, notarial and registration costs, annual ENFIA and later inheritance or gift tax.
Frequently asked questions
Does Greece have a wealth tax?
Greece has no general net wealth tax in 2026. It does levy ENFIA annually on rights in Greek real estate and can apply other property-related taxes to individuals and legal entities.
What is ENFIA in Greece?
ENFIA is Greece’s Unified Real Estate Ownership Tax. It is assessed annually on Greek real-estate rights held on 1 January and is calculated from the E9 property declaration.
Do foreign residents pay Greek property tax?
Yes. Foreign residents who own Greek real estate must report it through the E9 process and can be liable for ENFIA, even if they are not Greek tax residents.
Is Greek real estate transfer tax a wealth tax?
No. The general 3% real-estate transfer tax is a transaction tax paid by the buyer. It is separate from annual ENFIA and from any income or inheritance tax.