What Is the Greek Property Transfer Tax (ΦΜΑ)?

The property transfer tax (Φόρος Μεταβίβασης Ακινήτων, ΦΜΑ) is the tax the buyer pays when acquiring property in Greece through a sale. In 2026 it is 3% of the taxable value, plus a municipal surcharge.

Last updated: June 2026

Definition

Whenever ownership of a property is transferred for consideration (i.e. a sale), the Greek state levies the transfer tax. It is paid by the buyer and must be settled before the deed is signed before a notary.

The ΦΜΑ generally applies to used (resale) property. Certain new builds may be subject to VAT instead — see below.

The 2026 rate

The municipal surcharge is not an extra 3% of the value, but 3% of the tax. So on a €200,000 value the tax is €6,000 and the surcharge €180, for a total of €6,180.

Which transfers it applies to

• Applies to property sales (apartments, houses, plots, commercial spaces) for consideration.
• Does not apply to gifts, parental grants and inheritances — these are taxed under separate gift/inheritance tax rules.

Transfer tax or VAT?

For new builds sold by the developer, VAT may be due instead of transfer tax. The application of VAT on new builds has been suspended at times by law, so confirm the specific case with your notary or accountant.

Indicative information — not legal or tax advice. See our privacy policy. Greek source: Ελληνικά.