Property objective values across Greece are expected to remain unchanged until 2027. Despite the ongoing property price boom and the fact that the last adjustment happened in June 2021, the government plans to leave objective values untouched — at least until after the upcoming elections. The main reasons are the severe housing shortage and the goal of maintaining strong real estate investment momentum.

Raising objective values now — especially in areas where there is already a wide gap between market and official prices — could spark a new wave of price hikes, putting pressure on household budgets and increasing inflation.
Even buyers who qualify for tax exemptions would face higher transaction costs, including notary fees, land registry charges, and agent commissions, whether buying a home or transferring one to family members.

Additionally, any hike in objective values would lead to higher ENFIA property taxes and trigger broader increases in other property-related costs — at a time when the government aims to lower direct taxes, mainly to help the middle class.

Nearly four years after the last update, market data shows a strong surge in selling prices, with the biggest gaps seen in premium locations in central Athens and the northern and southern suburbs.
For instance, a 5th-floor, 180.66 m² apartment in Kolonaki, built in 1950, was sold for €1.2 million, or €6,642 per square meter — well above the zone rate of €4,150. Similarly, a 4th-floor, 246 m² apartment in Glyfada, built in 2012, changed hands for €1.6 million or €6,553 per square meter, compared to a zone value of €4,250.

While freezing current values, the Finance Ministry is moving ahead with expanding the objective valuation system to 2,167 new areas. In the first phase, about 500 locations will be assigned official property values. Officials say this will correct long-standing distortions caused by using comparative pricing, which has led to unequal tax treatment between areas. At the same time, 12 municipalities are awaiting updates to their zone values after their appeals were accepted by the Ministry of Finance.
The areas concerned include parts of Agioi Anargyroi-Kamatero, Vrilissia, Chalandri, Glyfada, Piraeus, Ithaca, Karpathos, Loutraki, Symi, Pyrgos, Rhodes, and Leros. However, property appraisers have not yet submitted their revised proposals to the ministry, leading to significant delays in finalizing these changes.