It costs about
The annual real estate tax has two components. The main part ranges from €0.001/m² to €13/m². The precise amount is determined by a number of factors: area, property value, building date, and so on. There is an additional levy for properties of at least €200,000 in cadastral value at rates from 0.10% to 1.15%, depending on the property price, which individuals have to pay. For legal entities, the additional levy is fixed at 0.55%
There is also an annual municipal tax, which ranges from 0.025% to 0.035%, depending on the location of the property.
Individuals pay a rental income tax of 15% to 45%, depending on how much they receive. Property maintenance costs are deducted from the tax base.
|Annual income, €||Tax rate, %|
|12,001 to 35,000||35|
|35,001 and over||45|
Companies pay rental income tax at the corporate tax rate of 29%.
Electricity, water and waste removal for a 85 sq. m. apartment in Greece costs €150 on average per month. Electricity bills are drawn up once every two months and water is invoiced twice a year.
|Landline||about €10 a month|
Electricity and water for a 200 sq. m. house with 500 sq. m. of land will cost €40 and €30 per month each. Overall utility bills for flats can reach
Home insurance is not compulsory in Greece and costs vary by location, value, surface area, number of floors, age and type of insurance coverage.