In The News

Syros, in the central Aegean, is being highlighted by international media as a compelling alternative to the more crowded Greek islands. British outlets, in particular, are presenting it as a destination that combines culture, architecture, and nature without the intensity of mass tourism.

The Greek government is preparing to introduce a major reform in the way property values are calculated. A new automated system for determining “objective values”, the official property prices used for tax calculations, is expected to launch in early 2027.

Basements are a familiar feature of many homes across Greece. Traditionally used for storage, parking, or utility areas, these spaces are increasingly being reimagined—sometimes as guest rooms, independent apartments, or even stylish leisure areas. For anyone exploring property in Greece, it’s useful to understand how basements are defined and when they can legally function as living spaces. The rules are quite specific, but once explained clearly, they follow a logical structure.

Greece is preparing to introduce a sweeping reform in the way property ownership and usage are recorded. Through the creation of the Μητρώο Ιδιοκτησίας και Διαχείρισης Ακινήτων (ΜΙΔΑ) — translated as the Property Ownership and Management Registry — authorities aim to create a comprehensive digital record of every property in the country.


The project is being developed by the Independent Authority for Public Revenue (Ανεξάρτητη Αρχή Δημοσίων Εσόδων - ΑΑΔΕ), in cooperation with the Ministry of National Economy and Finance. Its goal is to consolidate fragmented real estate information into a single platform and provide a clearer picture of property ownership and use across the country.


The new registry also featured prominently in discussions at the Property Owners’ Conference organised by the Panhellenic Federation of Property Owners (ΠΟΜΙΔΑ). The event brought together representatives of the government, local authorities, the Independent Authority for Public Revenue (ΑΑΔΕ), the Hellenic Cadastre, and property owners from across the country.


During the conference, the new registry was presented as one of the most significant reforms in the Greek real estate sector in recent years. Speaking at the event, Minister of National Economy and Finance, Kyriakos Pierrakakis, described the initiative as “the most systematic recording of the use of private real estate ever carried out in the country.” According to the minister, the registry will give the state a comprehensive digital overview of the country’s property stock and the way the real estate market actually functions.