
Thousands of individuals who have purchased homeowners’ insurance in Greece in hopes of getting a 10% reduction on their annual property taxes (ENFIA), which is an incentive announced by the Greek government to help close the country’s insurance gap against natural disasters, will miss out because they have not read the “fine print.”
In order to be eligible for the program, homeowners must file the relevant application on the Greek government’s myPROPERTY by February 22, 2024.
The biggest issue, according to reports at OT.gr, is the fact that owners have obtained insurance coverage for earthquakes and fires but not for floods. In many cases this is due to the fact that apartments located on the upper floors of apartment buildings are considered at very low risk for flooding and therefore have not obtained coverage.
Homeowners may also be excluded from the 10% discount because they have not met the minimum limit of total insured value of main-auxiliary spaces, or they did not follow all procedures for the filing of jointly owned properties. Reports at OT.gr reveal a host of other technical and procedural issues that filers may encounter while uploading contracts.
In an effort to facilitate homeowners in interpreting the fine print of the program, the Hellenic Property Federation (POMIDA) has released a guide, in Greek, which highlights the key points homeowners and applicants should not miss.
Earlier this month the Association of Insurance Companies of Greece (EAEE) released figures showing that only 17% of homes are insured and that more than half of the existing insurance contracts are connected to mortgage insurance.
Source: tovima.com


Latest News

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece

Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.

When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality

Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.

S&P Raises Greek Rating; BBB with Stable Outlook
S&P’s decision raises the Greek economy to the second notch of investment grade ladder, at BBB with a stable outlook.