To receive the ENFIA reduction, taxpayers must submit an application through the special application on the AADE myPROPERTY platform, which will be activated on February 2, 2024.

The procedure step by step.

What does the new law bring in the Greek real estate market

The increase in property values in some areas in the Southern Suburbs exceeds 80%, while the Municipality of Athens reports an increase of up to 95%.

The requests sum up to a total of 25.3 billion euros due from which 19.5 billion are at an initial stage.

The decision represents a major and humiliating U-turn for new Prime Minister Liz Truss, who was insisting as recently as Sunday she was “absolutely committed” to the cut.

About 6.2 million have been submitted according to the Minister of Finance.