Greece would keep capital gains tax on property sales and VAT on new buildings suspended until 31 December 2027, a year longer than now, under a bill tabled in the Hellenic Parliament on 3 November 2026. It is a tabled bill, not law.
Both suspensions currently run to 31 December 2026. The bill, titled “Strengthening disposable income, savings and investment…”, comes from the Ministry of National Economy and Finance and is before Parliament’s Standing Committee on Economic Affairs, according to the Hellenic Parliament.
Capital gains tax
Article 13 of the bill extends to 31 December 2027, instead of 31 December 2026, the suspension of Article 41 of the Income Tax Code (Law 4172/2013), the article that taxes gains from the transfer of property. This is stated in the bill’s regulatory impact analysis.
VAT on new buildings
Article 17 extends the suspension of VAT on property to 31 December 2027. According to the impact analysis, the extension covers both new applications for the suspension and suspensions already granted that run to the end of 2026. The stated aim is to keep, for one more year, the incentive to sell unsold property and to support housing supply.
Where a developer has the suspension, the buyer of a new home pays transfer tax of 3% (3.09% with the municipal surcharge) instead of VAT at 24%. Article 16 of the same bill would raise that transfer tax to 15% for homes bought by people who are tax resident outside the EU and EEA, for final contracts from 1 July 2027. Our worked example shows what that means in euros.
Rental income exemption
Article 13 also extends the window for a rental income tax exemption. The exemption covers homes of up to 120 m² (plus 20 m² for each dependent child of the tenant beyond the second) that were declared vacant for the three previous tax years, or that were let only short-term in the previous year. Income from such a home is not taxed for the first 36 months of a lease of at least three years signed between 8 September 2024 and 31 December 2027, according to the bill text. The exemption ends if the home becomes vacant again or returns to short-term letting. The current deadline for signing such a lease is 31 December 2026.
What it means for buyers
An owner who sells a Greek property in 2027 would, if the bill passes in this form, pay no capital gains tax on the sale. On a new-build home, whether VAT or transfer tax is due depends on whether the developer has the VAT suspension. An owner who moves an eligible home to a long lease would have one more year to sign it and qualify for the exemption.
Buyers should confirm how this applies to them with a Greek lawyer or accountant.
What happens next
The bill goes through the committee and then to a plenary vote. Parliament’s page shows the committee stage began on 6 November 2026; no plenary vote date is listed yet, and the text can still change.
