Salaries, property, cars: A financial portrait of Greeks

Tax office data reveal incomes, assets and family commitments, as well as the amounts declared for rent, purchases and loans. Deposit interest and electronic transactions are also on the rise.

Salaries, property, cars: A financial portrait of Greeks

This article is an AI translation of an original piece published in Greek. Read original

Detailed statistics from the Independent Authority for Public Revenue (AADE), based on 2025 tax returns for 2024 income, reveal the true picture of Greeks’ financial and family lives.

Behind the millions of E1 tax returns are salaries, pensions, the burden of rent, cars, swimming pools and boats, as well as households’ family commitments.

The housing figures include 4,855,303 primary residences (of which 1.9 million are rented or provided rent-free and 2.95 million are owner-occupied) and 1,081,059 secondary residences (holiday homes or otherwise).

The cost of renting is reflected in the 3.88 billion euros declared as paid rent for primary residences (an average of 2,531 euros a year), while a further 271.2 million euros was spent on student accommodation.

Taxpayers also declared 11.50 billion euros in purchases of property and construction of buildings (the total tax-assessed value of Greeks’ real estate reached 777.85 billion euros in 2025, according to ENFIA assessment notices).

 

Cars, swimming pools and boats

Vehicle ownership remains particularly high, with 3,704,772 tax returns listing at least one private passenger car.

Of these, around 2.34 million returns list one car, 934,000 list two cars and 333,000 list three, while nearly 94,600 returns have a vehicle listed in the fourth slot.

It is worth noting that the vehicle and boat fields in the E1 tax return codes show a total of 5,631,199 private and mixed-use cars.

Taxpayers also declared 3.54 billion euros in vehicle purchases or leasing.

Under the living-expense presumptions, 19,462 entries were recorded for swimming pools (19,170 outdoor and 292 indoor), along with 98,293 entries for owners or holders of pleasure boats.

 

Where incomes come from

Salaried employment and pensions remain the backbone of declared income in Greece:

  • Salaries: Net salaries and daily wages totalling 51.01 billion euros were declared, an average of 13,255 euros per entry.
  • Pensions: Main and supplementary pensions totalled more than 27.57 billion euros (24.11 billion euros in main pensions, averaging 10,135 euros, and 3.46 billion euros in supplementary pensions).
  • Businesses and farmers: Net business profits amounted to 7.25 billion euros (an average of 15,013 euros), while net farm income reached 1.97 billion euros (an average of 3,987 euros). Gross income from residential rents, meanwhile, came to 5.20 billion euros.

Children and education costs

Tax returns listed 2,012,132 dependent children across 1,242,203 entries, an average of 1.62 children per return. Spending on private school fees came to 656.23 million euros (an average of 4,796 euros), while 38.78 million euros was declared for household staff (domestic workers, drivers and tutors).

Spending on purchases

Taxpayers spent substantial sums on acquiring property and vehicles. Specifically, 11.50 billion euros was declared for property purchases, construction or leasing across 139,220 tax returns, with an average amount of 82,635 euros.

Similarly, 386,034 returns recorded purchases or leasing of cars and other vehicles, totalling 3.54 billion euros, or an average of 9,175 euros.

These figures point to significant activity in declared spending on assets, although they do not relate exclusively to purchases of new property or vehicles.

 

Interest on deposits

Interest income from bank deposits has also risen significantly. More than 3.37 million taxpayers declared interest on deposits at Greek banks, compared with 3.2 million in 2024. The total amount surged to 1.058 billion euros from 567.45 million euros, almost doubling year on year.

The number of taxpayers receiving interest on deposits at foreign banks also rose, to 24,320 from 21,277, while the related income reached 333.02 million euros, up from 207.75 million euros in 2024.

Loans

A total of 1,645,109 taxpayers declared that they were servicing mortgage or consumer loans, paying annual instalments of 6.44 billion euros. The average annual burden was 3,913 euros per taxpayer.

Purchases using electronic payments

Consumer activity also increased, as reflected in codes 049 and 050 of the E1 tax return, which cover purchases of goods and services using electronic payment methods.

Electronic transactions were carried out under a total of 7,732,931 tax identification numbers, with overall spending reaching 65.65 billion euros, up from 59.47 billion euros in 2024, an increase of 6.18 billion euros, or 10.4%. Of the total, 50.55 billion euros related to the taxpayer and 15.10 billion euros to their spouse.

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