Decline in property purchases and surge in parental transfers: Parents rush to pass properties before further price increases

The anxiousness implicit caller increases successful real property prices is driving thousands of families to determination first: alternatively of selling, they’re transferring. Purchases are slowing, but parental contributions and donations are up with record rates, as owners instrumentality vantage of the  800 euro tax-free to “lock in” their spot to their children earlier thing changes successful the taxation landscape.

The AADE information uncover a caller reality: a marketplace shifting from the logic of concern to the information of tenure.

According to authoritative information from the AADE for the play January-July 2025, revenues from spot transportation taxes stood astatine €367.43 million, compared to €385.23 cardinal successful the aforesaid play past year, a 4.6% drop. The downturn was adjacent much pronounced successful the archetypal quarter, with receipts from acquisition and merchantability transactions down 17.5% year-on-year successful 2024. But the representation changed from May onwards, erstwhile transactions picked up again: successful the May-July quarter, receipts roseate 12% year-on-year, showing that the marketplace is breathing, albeit astatine a slower pace.

In contrast, transfers done parental transfers and gifts stay connected a dependable upward trajectory. In the 7 months to 2025, receipts from parental transfers, donations, and inheritances amounted to €152.02 million, up from €136.97 cardinal past year, an summation of 11%. The fig of transactions connected the myProperty online level already exceeds 120,000 for purchases and sales, 60,000 for parental transfers, and 38,000 for donations, portion inheritance taxation returns scope 70,000. The inclination shows that spot “stays successful the family” and that the Greek spot marketplace is present driven much by request than investment.

Based connected information from the Real Estate Transfer Values Register, much than 24,800 properties with a full worth of €2.62 cardinal changed hands successful the 8 months to 2025. The Municipality of Athens holds the pb with 1,986 income with a full worth of much than 225 cardinal euros, portion the astir costly transfers are located successful high-demand areas – Glyfada, Vouliagmeni, Vouliagmeni, Voula, Kifissia, PaleoPsychiko, and Filothei. These areas proceed to enactment arsenic a “barometer” of the market, arsenic prices determination stay steadily upwards, with accrued involvement from home and overseas buyers.

Despite the diminution successful trading volume, prices amusement nary inclination to retreat. According to the latest Bank of Greece data, location prices increased by 7.3% successful the 2nd 4th of 2025 compared to the aforesaid play successful 2024. New homes up to 5 years aged roseate 6.8%, portion older apartments accrued adjacent more, by 7.6%. Demand remains beardown crossed each categories, with proviso remaining constrained and operation costs keeping the terms barroom high.

To enactment the operation sector, the authorities has extended until the extremity of 2026 the suspension of 24% VAT connected recently built homes and 15% superior gains taxation connected transfers, giving a “breather” to buyers and builders. However, the marketplace dynamics look to beryllium moving elsewhere: astir radical are not investing for yield, but transferring for security.