Property Owners Face Fines of Up to €1,000 Under New MIDA Registry – Benefits at Risk

New digital property registry targets more than 7.1 million owners, introducing mandatory reporting, hefty fines, and major ENFIA tax changes from 2027.

A new era of stricter oversight in Greece’s real estate market is about to begin with the launch of the Property Ownership and Management Registry (MIDA), expected to go live in early July. The new digital platform will create a single electronic file for every property, while introducing mandatory reporting requirements, strict deadlines, and administrative fines of up to €1,000 for property owners, landlords, beneficiaries of free-use agreements, and tenants.

At the same time, legislation submitted by the Ministry of National Economy and Finance paves the way for a new ENFIA property tax calculation system, which from 2027 will also rely on data from the Electronic Building Identity, reflecting the actual size and use of each property.

Three-Month Deadline for Lease Registration

Under the new framework, every lease agreement or free-use arrangement must be registered with MIDA within three months of its commencement.

Failure to comply will result in an administrative fine of €500, imposed on the property owner, landlord, or person granting the property free of charge.

The same penalty applies to declarations connected with Greece’s Single Aid Application for agricultural subsidies. In these cases, MIDA must be updated within two months from the beginning of the relevant filing period, otherwise a €500 fine will be imposed.

€1,000 Penalty for False Declarations

The legislation becomes even stricter for tenants or beneficiaries who submit false or misleading information.

If inaccurate data are used to obtain housing benefits, state aid, subsidies, rental reimbursements, or other financial support, the offender faces an administrative fine of €1,000.

Where incorrect information has not been used to secure any financial advantage, the penalty is reduced to €100.

Updated E9 Becomes Mandatory

The new registry is directly linked to Greece’s E9 Property Declaration.

Before any property’s use can be registered in MIDA, owners must first ensure that their E9 declaration has been updated, so that the property’s basic characteristics are accurate and fully recorded.

The objective is to create complete cross-checking between tax records and the new digital property database.

A New Digital Era for Greek Real Estate

The introduction of MIDA represents one of the most comprehensive digital reforms of Greece’s property market in recent years, establishing a centralized database covering ownership, occupancy, leasing arrangements, and property characteristics.

For millions of taxpayers, the message is clear: timely and accurate reporting will become essential. Failure to comply could lead not only to substantial administrative fines, but also to the loss or suspension of state benefits, subsidies, and other forms of financial assistance.

Source: pagenews.gr