Property taxation eats into Greeks’ disposable incomes

Property taxation eats into Greeks’ disposable incomes

Eurostat data this week highlighted the destructive impact that overtaxation on property has had on the purchasing power and sustainability of Greek households this decade, showing that the number of Greek households paying over 40 percent of their disposable income on housing costs is four times the European Union average.

In 2016 the share of the country’s households who fit this profile amounted to 40.5 percent of the total, compared to an EU average of just 11.1 percent.

The rate has remained virtually unchanged over the last three years, as in 2015 it had stood at 40.9 percent.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.