How much is the property of the Greeks worth it?

Many and important elements of the Greeks’ property reveal his « ravish » ENFIA. The statistical processing of the liquidators reveals the total value of the fair value of real estate nationwide with the differences between the regions of the country being significant, reflecting economic, demographic and geographical inequalities.

The stability of the objective prices has kept tax at controlled levels, however, the concentration of value in a few regions emphasizes the need for more balanced growth.

How much is the property of the Greeks worth it?

In this year’s taxpayers, taxpayers saw the fair value of their real estate increased by a total of 5.9 billion euros. From € 772 billion in 2023, it reached 778 billion euros in 2024. However, the real value of real estate in Greece exceeds 1 trillion. euro. 990,000 owners were exempt from paying the tax, with the € 2.3 billion account eventually sharing 6.1 million taxpayers. ENFIA of natural persons is € 1.74 billion and € 565 million will pay legal entities.

The map of ENFIA, as formed by the statistics released by AADE, reflects in addition to rising the value of the Greeks’ property, a slight increase in the total amount confirmed to € 2.3 billion from 2,286 billion euros a year earlier. The increase is mainly due to the increase in building activity, as the objective values ​​remained stable. The total increase in fair value from 2023 to 2025 reaches € 8.4 billion, reflecting the rise in real estate prices and building activity.

Attica and Central Macedonia concentrate most of the value of ENFIA, indicating regional inequalities. First on the list are the residents of Attica as the value of their real estate reached 411 billion euros and pay over 50% of the total ENFIA the state (€ 1,218 billion). The second richer is the Region of Central Macedonia with 102 billion euros of property value, 1.2 million owners and 296.5 million euros. The most « poorer » region is Western Macedonia with a real estate value of € 10.2 billion and ENFIA EUR 34.3 million for 186,751 VAT.

Attica is dominated by population and urbanization, while Central Macedonia and Crete follow because of economic and tourism dynamics.

• Attica Region: 2,223,711 taxpayers hold real estate of 410.9 billion euros and pay € 1.2 billion.
• Region of Central Macedonia: 1,062,323 owners have a real estate of 101.9 billion euros, while the tax they are required to pay is € 296.5 million.
• Region of Crete: 366,391 taxpayers hold real estate of € 42.15 billion and pay a tax of € 124.3 million.
• Region of Thessaly: 398,739 owners have 33.1 billion euros of real estate, while the tax they are required to pay is € 97.6 million.
• Peloponnese Region: 345,696 owners have 31.8 billion euros of real estate. The tax they are required to pay is € 94.4 million.
• Region of Eastern Macedonia and Thrace: 330,949 property owners have a property of 23.9 billion euros and pay a tax of € 74.25 million.
• North Aegean Region: 127,006 owners have a real estate of € 11.43 billion, while the tax is confirmed to 33.5 million euros.
• Region of Western Greece: 355.052 taxpayers have a real estate of € 29.15 billion and pay a tax of 84.85 million euros.
• Region of Western Macedonia: 159,678 owners have real estate worth € 10.24 billion and ENFIA EUR 34.38 million.
• Region of Epirus: 184,145 taxpayers have a real estate of € 17.8 billion and pay ENFIA EUR 44.4 million.
• Ionian Islands Region: 141,062 taxpayers have a real estate of € 16.66 billion. The tax they are required to pay is € 50.32 million.
• South Aegean Region: 178.009 have a real estate of 25.8 billion euros. The tax they are required to pay is EUR 79.9 million.
• Region of Central Greece: 282,215 taxpayers hold real estate worth 22.8 billion euros. The tax they are required to pay is EUR 70.39 million.

In Attica most of the value of ENFIA

The largest absolute increase (+1.74 billion euros) was observed in Central Macedonia due to new constructions and demand in Thessaloniki. Higher percentage increase (+2.1%) in Western Greece, possibly from growth in areas such as Patras. The only region with a decrease (-180 million euros) is of Central Greece probably due to stagnation or corrections to the data.

The property prices in Greece are continuing their upward trend, albeit at a more restrained pace than previous years. The marketing of real estate sales (nationwide) and 2024 was upward, with the average increase of 6.5% compared to 2023, according to Re/Max Greece data.

This increase was recorded in all categories of real estate, regardless of the year. According to network data, the average price for newly built real estate up to five (5) years in 2024 exceeded 3,000 euros per square meter (sqm), while for older properties it slightly exceeded EUR 2,000 per sqm. It is an annual increase of 6.1% and 6.8% respectively.

The upward trend was continued not only in large urban centers but also in popular tourist areas. This is now extended to new, less prominent areas of the country due to competitive prices than other countries and investment incentives such as the Golden Visa program.

The average increase is 6.5% compared to 2023

In the Prefecture of Attica, according to data from the sale of the Re/Max Greece network, there was an increase in the prices of older real estate over five years of age 6.5%. In the newly built real estate up to five years, there was an increase of 5.7%.

Similar trends were also recorded in the country’s second largest city, Thessaloniki. In the rest of Greece, based on Re/Max Greece data, equally significant increases were observed in both newly built and older properties.