The total value of real estate assets in Greece has been estimated to be about 1 trillion euros, based on the data submitted by taxpayers. This div though based on the objective tax values from 2007, prior to the onset of the crisis, which are vastly different to market values.
By using market values, the total sum is estimated to be about 600 billion euros. As a result of this significant distortion, it would appear that the controversial ENFIA tax amounts to just 0.27% of total asset value, when in reality the sum in nearly double that.
The tax service statistics also show that 6 out of 10 taxpayers has at least one real estate asset (home, commercial property, etc), with an average value of 93,456 euros. About 7 out of 10 have buildings within city planning zones with a value up to 100,000 euros.
Furthermore, half of taxpayers with real estate assets have property with a value less than 50,000 euros, which on average is 22,9540.80 euros. On the contrary, 114,793 taxpayers have assets worth more than 500,000 euros, 27,198 taxpayers have assets worth more than 1 million euros, while 492 have assets with a value in excess of 5 million euros.
