Greek Landlords Struggle with Soaring Taxes and Renovation Costs, New Survey Finds

07:33 27/1/2025 - Πηγή: iEfimerida

Greek landlords are facing a growing crisis of high taxes, soaring renovation costs, and difficulty finding reliable tenants, according to a new survey that paints a bleak picture of the country's rental market.

The survey, conducted by Kapa Research for the Panhellenic Federation of Property Owners (POMIDA), found that many landlords are struggling to

make ends meet, with the majority reporting they haven't raised rents in years.

The burdensome ENFIA property tax and the high cost of renovating aging properties are cited as major obstacles.

Adding to their woes, landlords are grappling with delayed rent payments and a significant number of vacant properties.

Many owners say they are hesitant to rent out their properties due to concerns about finding trustworthy tenants and the potential for costly legal battles over unpaid rent.

Despite these challenges, there is a glimmer of hope. More property owners now see renting as a worthwhile investment compared to the depths of the economic crisis a decade ago.

However, the survey makes clear that government action is needed to address the concerns of landlords and foster a healthier rental market.

"This survey is a wake-up call," said a POMIDA spokesperson.

"The government needs to listen to the concerns of property owners and take steps to reduce the tax burden and support investment in housing."

The survey found that nearly half of landlords believe that lowering rental income taxes would be the most effective way to boost the housing supply.

Other recommendations include subsidizing renovation costs and offering tax breaks for converting short-term rentals into long-term leases.

With Greece's rental market facing significant headwinds, this survey highlights the urgent need for policy changes to support property owners and ensure access to affordable housing.

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