Of Chrysostom Chufi

Doubling the discount of his ENFIA For insured real estate. Of the 215,171 taxpayers in 2023, data according to shows that at the end of 2024 they reached 250,000, one increase ie approximately 35,000.

To be precise of the total of 6.3 million houses, only 1.1cm is insured for one of the natural disasters, earthquake, fire or flood, ie 17%.
Of these, however, 1.1 million, just 250,000 houses are insured cumulatively for all 3 natural disasters to be entitled to the discount of ENFIA.
Of these, 65% are old insured with mortgages (insurance is a part of the loan agreement) that still repayment and the remaining 35% decided to insure their homes on its own.

Not even 20% of the discount has managed to bring more to insurance and the… numbers show why. Most houses are insured for content (eg burglary) where the cost is 50 €. If the earthquake is added, the premium is increased by 120-130 € to 170 € -180 €. And increases even more with fire and flood. A owner who pays ENFIA reasonably considers the discount of 80 € (20%) not particularly attractive.

In any case, these 250,000 owners have insured their home for all natural disasters, or AADE It has already begun sending alerts by reminding them that they have until 14 February to declare that they have insured their homes and to Reduce their ENFIA:
– 20%, for homes with taxable value up to 500,000 €
– 10% for homes with taxable value> 500,000 €. Property owners in this category should be aware that if they do not insure their homes, by June 1, 2025, they will not be compensated by the state in the event of damage to natural disasters.

The conditions for granting all of the discount -in addition to cumulative fire, flood and earthquake -cumulative coverage – are the following:

  • The property must be insured for the whole year. Otherwise an analog discount is provided with a minimum of 3 months insurance.
  • Insurance covers the total value of rebuilding the building or the buildings that make up the residence. The renovation value of the residence is set at 1000 €/sqm
  • The house is insured in an insurance company registered with the Insurance Business Register, which is kept in the Bank of Greece’s Private Insurance Supervisory Division

The discount process has begun for several days as insurance companies have sent the data of all insurance contracts for the territory until January 10.

To St. Valentine’s Taxpayers must submit applications to reduce the ENFIAas well as any modifications or corrections to the digital portal myaade (myaade.gov.gr), following the route: Applications> Popular Applications> Myproperty> Reduction

In cases where the property belongs to more owners, or if the insurance policy has been drawn up on behalf of a third party, the recipient of the insurance must enter them VAT of all involved. The other owners will be informed by email and will have to submit a separate application to receive the discount.

In order to facilitate taxpayers, AADE enables those who have been sent from their insurance companies the opportunity to bring the new ENFIA reduction application, recovering data from their last year’s application, as well as up -to -date information from insurance companies.

To February 28 The insurance companies will confirm the details of the statements and then the AADE, after verifying that the conditions are met, will grant the deduction to the beneficiaries with the first central clearance.

His clearances ENFIA expected to be posted In mid -March. The tax will be paid to 12 monthly installments in March 2025 – February 2026.