Property owners in Greece need to submit requests for a 20% reduction and a 10% discount on the Single Property Tax (ENFIA) by February 16, 2025, specifically for homes that were insured within that year. Failing to do so will result in losing the eligibility for tax reductions on this year's ENFIA assessments. The adjustments to the ENFIA will reflect positive changes for more than one million property rights, allowing homeowners to experience a decrease in their property tax bills for 2026 compared to previous years.

These tax reductions primarily benefit homeowners in regions with populations of fewer than 1,700 residents, providing a significant financial relief for those who may be struggling. The tax assessments are expected to be published within the first ten days of March 2026. This new policy could result in combined reductions that may reach as high as 70%, or even full exemptions for unique cases, illustrating a substantial step by the government in housing affordability and taxation reform.

This initiative comes at a time when property ownership in Greece is a crucial part of individual wealth, and the current measures aim not only to ease the fiscal burden on residents but also to stimulate the real estate market, promoting stability and growth within the sector. As more homeowners take advantage of these discounts, it may also reflect broader implications for the upcoming housing dynamics in Greece, especially for properties in less populated regions.