Greece is becoming even more attractive for homeowners and investors. New tax measures and regulations starting in 2026 will make buying, renting, and owning a (second) home in Rhodes even more affordable. This overview provides everything you need to know to stay informed.
Greece offers significant financial advantages for those looking to buy a new-build home. The 24% VAT rate on new-build homes is expected to remain unchanged until 2026, meaning buyers will pay only 3.09% in transfer tax.
Do you own a home in a small Greek village? Starting in 2026, residents of villages with 1,500 or fewer inhabitants will receive a 50% discount on the annual property tax (ENFIA). This tax will be abolished entirely in 2027.
Important: This only applies to primary residences, not to holiday homes or second homes.
Starting in 2026, the tax system for rental income will also become more favorable. The Greek government is introducing a new rate of 25% instead of 35% for annual rental income between €12,001 and €24,000, resulting in savings. You pay 15% on the first €12,000, 35% on income between €24,001 and €35,000, and 45% for income above €35,001.
Landlords who earn income from their main residence and earn no more than €12,000 per year have an even greater advantage: the first €5,000 of rental income from the main residence is taxed at only 5–7% instead of 15%.
This reform makes renting more attractive and increases returns for both existing and new investors.
Whether you own a property in a small village, rent a home, or are looking to buy a new-build property in Rhodes, the 2026 measures offer significant financial benefits. Lower taxes, lower costs, and simpler regulations make Rhodes an attractive destination for homeowners and investors.
