AADE: Drop in revenue from property transfers, increase from parental gifts - donations
In 2025, Greece saw a decrease in tax revenue from real estate transfers, contrasted with an increase from parental gifts and inheritances.
In 2025, the Greek government experienced a decline in tax revenues derived from property transfers, indicating a slowdown in the buying and selling of residential properties and land. This reduction in revenues has been attributed to factors such as rising property prices, increased construction and renovation costs, and a decrease in household purchasing power, making it more challenging for families to purchase new homes. In contrast, tax revenues from parental gifts, donations, and inheritances have seen a significant increase, reflecting a growing interest among families in utilizing these options, especially due to the increased tax exemption limit of €800,000 for first-degree relatives.
The dynamics of the Greek real estate market present two divergent trends: while the number of property transactions has decreased overall, there remains a substantial number of transactions focused on first-time home purchases. Those are exempt from the property transfer tax for amounts up to €200,000 for single individuals and €250,000 for married couples, with an additional €25,000 allowance per child. This indicates that despite the adverse economic conditions affecting the broader market, families are still engaging in purchasing their primary residences under favorable tax conditions, which contrasts with the declining figures in investment-related property transfers.
The compilation of these statistics reveals the complex nature of Greece's real estate market and the various influences affecting it, from economic constraints to tax incentives. Policymakers may need to consider these developments when planning future tax reforms and incentives aimed at stimulating both the property market and overall economic recovery, ensuring that the benefits of property ownership remain accessible to households amid economic challenges.