Property Maintenance in Greece in 2026

Maintaining an apartment in Athens costs between 700 and 1,800 euros per month on average, while villas on the islands range from 1,500 to 15,000 euros. The main expenses are taxes and utilities.

Property Taxes

All owners of property in Greece, including foreigners, pay an annual property tax (ENFIA), which consists of two parts: a base tax and an additional tax.

• Base tax: Ranges from 2 to 16.25 euros per m². The exact amount depends on factors such as size, assessed value (set by the local municipality), construction date, etc. The tax office calculates this individually for each property.
• Additional tax: Differs for individuals and legal entities. Individuals pay this tax only if the property’s cadastral value exceeds 250,000 euros, at a rate of 0.15% to 1.15%, depending on the property’s value. Companies pay a fixed rate of 0.55% of the cadastral value if the property is rented out, or 0.1% if the company occupies it.

There is also an annual municipal property tax, ranging from 0.025% to 0.035%, depending on location.

Companies also pay a special property tax of 15% of the cadastral value, though exemptions apply — for example, if the company’s active business income exceeds passive income or if all beneficial owners are disclosed.

Individuals renting out property pay income tax at progressive rates from the 2026 tax year:

If rental income exceeds 12,000 euros, the higher rates apply only to the excess. For example, on 20,000 euros:

• €12,000 is taxed at 15%;
• the remaining €8,000 is taxed at 25%.

Taxable income can be reduced by expenses related to energy efficiency, functional upgrades, or aesthetic improvements — up to 60% of costs, capped at 16,000 euros. These must be documented and paid electronically.

• Landlords can also deduct a default 5% for maintenance costs.
• Companies pay corporate tax (22%) on rental income.

Utilities

Electricity. Bills issued every two months (meter readings every four months). Average cost is 50–150 euros/month.

Water. Billed annually, quarterly, or monthly. Cost is 10–50 euros/month (higher on islands).

Gas. Main gas (heating/hot water/cooking) is 30–100 euros/month (higher in winter). Bottled gas (primarily cooking) takes 25 euros, 10L cylinder lasts a family of four a month.

Phone & Internet. It is 15–40 euros/month, depending on the provider.

Maintenance Fees. Villas (garden/pool upkeep) take 150–250 euros/month.

Apartments (communal areas, lifts, cleaning, security) take 20–100 euros/month per owner.

Short-term rental owners pay a management fee (20–25% of rental income), excluding utilities.

Property Insurance

Insurance is optional but recommended. Since Greece has a low crime rate, many property owners choose to save on this expense item. Policies vary by property type, value, and coverage:

• Studio: from €150 per year.
• Villa: from €350 per year.

From 2025, owners with natural disaster insurance get an ENFIA tax discount:

• 20% off (properties under €500,000).
• 10% off (properties over €500,000).

The policy must have been active for at least three months in the previous year.