In The News

If you own a home in the Peloponnese or have been quietly thinking about buying one, there is some news you should be aware of: At the end of June, a 40-year concession for Kalamata International Airport "Kapetan Vasilis Konstantakopoulos" was signed by a consortium led by Fraport, together with the Kopelouzos Group's Delta Airport Investments and the Konstantakopoulos Group's PILEAS. According to the National Development Fund, which retains a 10% stake in the new company, the initial concession payment is 45 million euros, and the planned investment programme is expected to exceed 125 million euros over time.


In short: Kalamata's airport is set to roughly double its traffic by 2030, with a new terminal three times the size of the current one. For anyone with a house in the region, or an eye on one, that matters.

A new regulation regarding the calculation of ENFIA (Eniaios Phoros Idioktesias Akineton/annual property tax) was announced by the Greek Ministry of National Economy and Finance. The purpose of this regulation appears to be to address cases where property owners were previously taxed on more square meters than their property actually has. The new regulation, which is expected to take effect in the 2027 tax year, introduces the Electronic Building ID as a key factor in determining taxable floor area.

As UNESCO recently announced, Mount Olympus – also known as the Home of Ancient Greek Gods, or Greece’s highest mountain – has been added to the list of World Heritage Sites. Of course, Greece welcomed the news with a wave of euphoria, as Mount Olympus is widely recognized for its cultural and natural significance.

Moving your life to a new country brings enough to think about, including the costs. For those settling permanently in Greece, there is some welcome news on that front. Bringing your household belongings and even your car can come with relief from customs duty, VAT and vehicle registration tax. The Independent Authority for Public Revenue (AADE) has recently set out clearer rules on how this works. It's important to clarify that this relief is not exactly new, but what has changed is a significant detail: a recent AADE circular (reference E.2027/2026) spells out the eligibility, the supporting documents and the procedure, with the aim of handling applications more consistently across customs offices.

Buying a home in Greece has always come with a long list of pleasures: sea views, sunny terraces, village squares, fresh fish by the water, and the small but serious joy of never being too far from a good bakery. Soon, for many destinations, there may be another reason to smile: better airports. Greece is preparing for a new wave of airport upgrades, with a major tender planned for 22 regional airports that are still under state management. The project is expected to mark the next chapter in the modernization of Greek aviation infrastructure, following the earlier upgrade of the 14 regional airports managed by Fraport Greece. For travellers, this means smoother journeys. For local communities, it means better connectivity. And for international property buyers, it could make certain areas of Greece even more attractive.