A new Greek law envisages reductions in a special property tax (ENFIA) by an average weighted 22 pct, offering a respite to real estate owners in the middle class and low-value owners.
Cuts in ENFIA, based on the total value of real estate assets, will be: 30 pct for property up to 60,000 euros, 27 pct for property up to 70,000 euros, 25 pct for property up to 80,000 euros, 20 pct for property up to 1,000,000 and 10 pct for property more than 1,000,000 euros.
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