MIDA: Property Census Launching This Spring – Targeting Unreported Rents and Gray Ownership

Approximately 7 million taxpayers will be required from spring to declare the use of every property they own under Greece’s new Real Estate Ownership and Management Registry (MIDA). Through the dedicated platform, owners must specify whether each property serves as primary residence (owner-occupied), secondary residence, rented, vacant, or provided free of charge. MIDA will create a unified database with critical information on ownership and usage—ending fragmented declarations and enabling more effective audits for undeclared rents, unreported square meters, gray ownership structures, hidden commercial exploitation, and unlawful benefit payments. The initiative was a central topic at the recent National Real Estate Owners’ Conference organized by POMIDA, featuring government officials, local authorities, the Independent Authority for Public Revenue (AADE), the Hellenic Cadastre, and hundreds of property owners nationwide. Finance Minister Kyriakos Pierrakakis described MIDA as “the most systematic recording of private real estate usage ever conducted in Greece,” emphasizing its aim not to impose new burdens but to support fair, targeted policies—and potentially reduce existing ones. For MIDA to function properly, cadastral data must be synchronized with AADE’s asset registry and actual property usage. AADE Director Giorgos Pitsilis noted that MIDA will enable pre-filled E1 and E2 tax forms, close loopholes in benefit disbursement, ensure equitable housing policy implementation, and improve fairness in agricultural subsidy allocation. Each property’s Unique Real Estate Identifier (UREI) will match its Cadastre Identification Code (CIC), and taxpayers will be invited to review their property portfolio as reflected in MIDA—promptly correcting any errors or omissions. A key conference focus was MIDA’s ability to automatically detect and resolve inconsistencies across state databases—a longstanding issue causing delays and complications in property transfers, parental gifts, and lease agreements. Discrepancies between cadastre records and Taxisnet data, as well as errors in surface area or co-ownership percentages, will be flagged automatically, facilitating faster corrections.