We are creating a favorable environment for real estate investment by prioritizing tackling housing, by strengthening tax incentives to bring more properties to market. This message was sent by the Deputy Minister of National Economy and Finance, Giorgos Kotsiras, speaking yesterday, Tuesday, October 21, at the Prodexpo 2025 conference, which takes place at the Athens Conservatory.

Mr. Kotsiras pointed out that the real estate market is a dynamic part of the Greek economy, which contributes to the creation of jobs and attracts investments. As he noted, the stabilization of the economy and the improvement of the investment environment, which has been achieved in recent years, contribute to its development. In this context, the Deputy Minister of National Economy and Finance also referred to the positive effect of the codification and simplification of the legislation, recalling that the new property tax code was recently passed, which brings order to the complex legislation concerning real estate.

“The government supports investments in real estate, while simultaneously facing the many challenges, such as affordable housing,” Mr. Kotsiras emphasized. This major goal is also served by a series of recent tax interventions, announced by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair and included in the bill for tax reform, which will soon come to Parliament.

In particular, the Deputy Minister of National Economy and Finance referred to the establishment of an intermediate tax rate on rental income and the extension of the tax exemption for three years, in case of long-term lease of closed properties or conversion of short-term leases to long-term leases.

He also noted that the specific measure is strengthened in three ways: first, by granting a tax exemption to houses larger than 120 sq.m. for the residence of families with three or many children, secondly, by maintaining the tax exemption in the event of the tenant leaving, as long as the property is vacated once and re-rented, and thirdly, with the possibility of entering into lease contracts lasting at least six months, in cases of tenants-public officials, such as uniformed officers, teachers, doctors and nurses, who often need shorter contracts. At the same time, as he pointed out, the tax deduction is extended up to 16,000 euros for home renovation costs

In addition, Mr. Kotsiras referred to the effort being made to strengthen transparency and deal with real estate tax evasion, noting that a key tool will be the Property Ownership and Management Register, where all the necessary information for each property will be consolidated.

Finally, when asked about it, he reiterated that the objective values ​​of real estate will remain stable until 2027.