Adopted by Parliament on December 31, 2013. The tax imposes a tax on real estate be it residential, commercial, vacant, lot or farm. The good news is that the high Greek real estate transfer tax is reduced by 50%-70% or more. You may recall that, while Greece traditionally did not have the real estate taxes we have in the U.S. (i.e. school, county, and local), Greece had a real estate transfer tax that was 8% to 10% on real estate sales (payable by the buyer). ( This is why Greek buyers always try to negotiate a "fake" Greek sales agreement.