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Greece Freezes Property Values Through 2027 Amid Price Rally

Tuesday, 23 June 2026/Source: Haniotika Nea/1 min read

Greece is set to keep property objective values frozen through 2027, maintaining the same tax assessment rates used to calculate property transfer taxes and other real estate fees. The government also plans to extend the suspension of the 24% VAT on newly built residential properties for another year. These measures come amid a sustained rally in property prices across Greece, including Crete. For tourists considering purchasing a holiday home or investment property on the island, the frozen objective values mean transaction costs remain predictable, and the VAT exemption on new builds continues to offer savings. Those already renting or visiting are unlikely to notice direct impact, though the broader property market context reflects Crete's growing appeal as a destination for both tourism and real estate investment.

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