Money · 6 min read
Costs & taxes when buying a property in Corfu
The transfer tax, notary, legal and ongoing costs you should budget for when buying property in Corfu.
Property transfer tax
For most second-hand properties (and all properties whose building permit pre-dates 2006), transfer tax is 3.09 % of the assessed value.
Newer builds would normally attract 24 % VAT, but the suspension of VAT on new-build sales has been extended by Law 5246/2025 through 31 December 2026, so in practice most new-build purchases currently pay the 3.09 % transfer tax instead. The government has publicly signalled a further extension into 2027, but that is not yet law, always confirm the current position with your lawyer.
Notary, legal & registry fees
Notary: a small percentage of the declared property value.
Lawyer: a small percentage of the declared property value.
Land Registry: a small percentage of the declared property value.
Agent: typically a small percentage + VAT, paid by the buyer in Greece (sometimes split with the seller).
Ongoing costs
ENFIA: the annual property tax, calculated from the property's assessed value. Main residences below certain value thresholds benefit from a reduction, and a full exemption applies in specific hardship cases.
Municipal taxes (rubbish, lighting) are collected via your electricity bill.
If the property is part of a complex with shared pool / gardens, expect monthly maintenance fees.
Capital gains tax on resale (15 %) remains suspended through 2026, with the government indicating a likely extension into 2027.
Frequently asked
Rough rule of thumb for total purchase costs?
Budget around 8 to 10 % on top of the agreed amount to cover tax, notary, legal, registry and agent fees.
Last updated July 2026. This guide is for information only and does not constitute legal advice, always consult a qualified Greek lawyer for your specific situation.
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