The latest data from the Independent Authority for Public Revenue (AADE) reveals a steady climb in the “objective value” of Greece’s real estate, which now stands at a staggering €782.5 billion ($905 billion). This represents an increase of nearly €5 billion over the previous year, signaling a resilient property market across Greece.
The real estate valuations in Greece
The 2026 ENFIA (Property Tax) clearing shows a total state revenue goal of €2.3 billion. While the burden is shared by millions, the data reflects a significant social safety net: nearly one million property owners were granted full tax exemptions this year. Additionally, the state incentivized disaster preparedness, issuing €26 million in discounts to over 428,000 homeowners who insured their properties against natural catastrophes.
On average, a Greek taxpayer holds real estate valued at €87,767 and pays an annual property tax of €254.
The regional wealth gap
The “wealth map” of Greece continues to show a dramatic concentration of assets in the capital. Attica remains the undisputed economic titan, where 2.5 million owners hold property worth €412.63 billion—accounting for more than half of the nation’s total real estate value. In Attica, the average property value per person soars to over €161,000, resulting in a significantly higher average tax bill of €481.
In contrast, Central Macedonia holds the second-largest share of wealth at €102.73 billion, followed by Crete at €42.66 billion. Interestingly, the Greek islands remain premium hubs of valuation; the South Aegean and Ionian Islands boast some of the highest per-capita property values in the country (averaging over €122,000 and €101,000 respectively), likely driven by the robust demand for tourism-related real estate.
The rural perspective
At the other end of the spectrum, Western Macedonia reports the lowest total real estate value at €10.35 billion, with an average property valuation of roughly €55,800 per owner. Consequently, residents here enjoy the lowest average property tax in Greece at just €178.
The report also highlights the government’s support for regional stability, with over €47 million in tax relief distributed to more than 579,000 taxpayers living in smaller, rural settlements. This ensures that while the urban centers drive the nation’s valuation, the cultural heart of the Greek countryside remains protected.