Greece to Double Property Tax Burden with New Municipal Levy in 2027

Sunday, 31 May 2026/Source: CretaOne/1 min read

Greece is set to introduce a revised property tax system from 2027, with owners facing a potential doubling of their annual ENFIA (property tax) burden. The reform adds a new municipal property levy on top of the existing national tax, effectively creating two separate charges on real estate. While this does not directly affect tourists visiting Crete, it may influence the local rental market over time, as increased costs for property owners could put upward pressure on accommodation prices across the island. Buyers considering purchasing property in Crete should factor the higher ongoing tax obligations into their financial planning. The changes are expected to be phased in starting 2027, giving owners time to adjust.