Greece Introduces Three-Year Tax Break to Boost Long-Term Housing Supply

As part of its broader effort to ease domestic housing pressure, Greece has introduced a three-year tax break for owners who commit previously vacant or short-term-let properties to the long-term rental market. The incentive is designed to work alongside the short-term rental restrictions introduced elsewhere in the housing package, giving owners a positive reason — not just a regulatory one — to shift strategy.

For Golden Visa investors weighing their property's income strategy, the tax break adds a further variable to the long-term-versus-short-term rental decision. Combined with tightening short-term letting rules in select zones, it tilts the economics meaningfully toward long-term leasing for owners who want to stay firmly on the right side of both the tax code and the residency programme's compliance expectations.