Greek Real Estate Wealth Reaches €778 Billion – ENFIA Tax Hits €2.3 Billion for 2025

The value of Greeks’ real estate wealth has surged by €6 billion in just one year, reaching a total of €778 billion from approximately €772 billion in 2023. This increase is primarily attributed to construction activity, as objective property values remained stable last year. The ENFIA tax chart, shaped by data from the Independent Authority for Public Revenue (AADE), reveals that alongside the rise in property wealth, there was also a modest increase in the total confirmed tax amount. It reached €2.3 billion from €2.286 billion the previous year, despite discounts offered for homes insured against natural disasters. The tax discount increased from 10% to 20% for those with insured properties valued up to €500,000, leading to more insurance policies and eligible discounts. A total of 35,943 taxpayers benefited, with the overall relief amounting to €21 million (up from €7 million in 2023) and an average reduction of €59 per beneficiary. Attica houses the largest share of Greece’s real estate wealth, with an objective value of €410.97 billion, accounting for 53% of the total ENFIA tax for 2025. Central Macedonia ranks second at €101.9 billion, followed by Crete at €42.1 billion. Western Macedonia, North Aegean, and Epirus have significantly lower values. Geographic distribution remains largely stable, with marginal increases in most areas. Notably, Sterea Ellada saw a decrease of about €180 million. Central Macedonia recorded the largest absolute increase (+€1.74 billion), while Western Greece marked the highest percentage growth at 2.1%. Detailed breakdowns for all 13 regions highlight varying trends across Greece.