Annual Costs for Property Owners in Greece

The annual expenses for property owners in Greece are lower than in other countries. The annual expenses for owners of apartments, houses and flats in Greece include the following costs:

1. Local municipal tax for real estate

Depending on the square meter of real estate, declared by the municipality, one pays tax on the property in Greece. The tax is approximately €1,- per square meter that must be paid to the municipality. The tax costs are included in the electricity bill.

2. Property tax house Greece

Depending on the number of square meters of real estate, the owner pays property tax in Greece. For example, the tax costs are around €2.25 per square meter in Chalkidiki. This tax is paid once a year and is called ENFIA.

3. Costs of electricity in Greece

The electricity bill in Greece is sent every 2 months. The first bill is an estimate of the consumption compared to the previous year. The second bill is the final bill based on the actual consumption. The estimated cost for a 60 square meter apartment is €100 to €250 for 4 summer months with active use of the air conditioning. The price per kilowatt is €0.12.

4. Water Expenditures for Property Owners in Greece

The water bill is sent once in April and is €70 for all homes and in October a second bill is sent with the amount of water each home has used, this is usually no more than €10 to €50.

5. Common area costs

If a house has a common area, in Greece you will pay (gardener, lighting, water, swimming pool etc.). The costs are shared between all the owners of the apartments in the building and usually amount to 60-200 euros per year.

6. Sewerage costs

Many homes in Greece have a sewage tank. The sewage tank is usually one for a whole building or multiple buildings and the sewage truck is called 1-3 times a year to empty the tanks. Emptying a tank costs around €70-80 and the costs are divided among all apartments or homes. Usually it costs €50 per year.