What taxes do residential property owners pay in Greece?

Apartments and residential buildings in Greece are particularly popular among foreign citizens. In addition to obvious perks, such as a stable income or their own home in a prosperous southern European country, investors are attracted by the opportunity to obtain a residence permit and then Greek citizenship under the Golden Visa program. However, while realizing a long-held dream of living next to the gentle sea, in the "cradle of Western civilization," few people think about taxation. After all, purchasing an apartment or villa on the coast imposes certain obligations on the owner.

To avoid getting into the unpleasant situation of a debtor, it is necessary to know the tax legislation relating to residential real estate. Clearly navigate the specifics of the local tax system, without relying on outside advice. Don't forget about the benefits and bonuses that the Greek government offers new owners, citizens who have received the coveted residence permit.

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