Prime Minister Kyriakos Mitsotakis announced a new permanent reduction of the unified property tax (ENFIA) by 13%.

The Prime Minister said it was a fair decision “for society and beneficial for the economy” explaining that this means that property owners would pay every year, 860,000,000 euros less than in 2018. And 350,000,000 less, only in 2022.

“The tax bracket is becoming fairer” added Kyriakos Mitsotakis, noting that from now on, properties worth up to 100,000 euros will have a 30% relief instead of the 60,000 euros that was in force until now.

The Prime Minister also explained that this was a realistic decision which did not exceed the budget limits.”Because every step forward must be done in a way that does not set us two steps backward.”

“Today, the government is proceeding with a new brave permanent reduction of ENFIA by 13%. It thus exceeds its commitment to total relief of 30% of real estate taxation. A decision that is fair to society and beneficial to the economy. This means that Greeks will now be required to pay, every year, 860,000,000 euros less than in 2018. And 350,000,000 less, only in 2022.

I feel the pressure of the average income earner from the international energy crisis and the price increases it is causing everywhere in Europe. That is why the State continues to cover part of the increases in electricity bills. The state insists on a steady de-escalation of taxes and levies to boost the disposable income of all households. And, on May 1, it will implement a second significant increase in the minimum wage.

With the new framework, 8 out of 10 of our fellow citizens will pay even less ENFIA. Many will pay the same amount. While, a small minority, about 6%, will see a reasonable burden. It is an minimum return to society as a whole, as the real value of property in some areas has doubled or even tripled.”

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