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Greece Renews Property Tax Relief Measures for 2027

Wednesday, 8 July 2026/Source: Flashnews/1 min read

Greece is set to extend two significant tax relief measures for property buyers and sellers into 2027. The suspension of the 24% VAT on new property purchases and the exemption from capital gains tax on real estate sales are both expected to be renewed, according to government sources. The measures aim to keep the property market active at a time when prices across Greece, including Crete, continue to rise. Maintaining these exemptions helps prevent transactions from becoming even more expensive for buyers. For tourists considering purchasing a holiday home or investment property in Crete, this extension means buying conditions in 2027 will remain more favorable than they would be without these exemptions. The capital gains tax waiver in particular reduces the tax burden on sellers, which can make pricing more competitive. No final legislation has been passed yet, but decisions are expected soon.

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