Increase in insured houses (original) (raw)

The number of insured homes in Greece eligible for the Single Property Tax (ENFIA) deduction increased by 27.8% between 2023 and 2025, reaching 846,620 at the end of last year.

These are homes that have been insured to cover damage from weather events and earthquakes, the owners of which benefit from the incentive of the ENFIA tax deduction, which amounts to 20% of the tax for property values up to €500,000.

The total number of insured residential buildings at the end of 2025 was 1,184,046, recording an increase of 11.1% compared to 2023, and representing 17.9% of all residential buildings in the country, an increase from 15.1% in 2023.

Some of them only have earthquake insurance or only for natural phenomena.

While many of the insured residential buildings – 691,993 – are linked to mortgage loans, attributed to the mandatory insurance for all risks that several banks have established in order to provide loans on properties.

Another 171,087 residential buildings are insured only for their contents, bringing the total insurance policies to 1,355,133.

These conclusions arise from data from the Hellenic Association of Insurance Companies (EAEE).

The data shows that in addition to the increase that has been recorded in the total number of insured homes, property contracts are gradually being enriched with all the coverage for catastrophic events provided for by law, so that their owners can benefit from the ENFIA discount.

Based on EAEE data, the majority of insured residences with building coverage – 535,720 – are located in Attica.

That’s where the largest number of residences is concentrated (2.2 million based on the latest census of the Hellenic Statistical Authority in 2021), and which has increased by 9.3% compared to 2023.

Greece, however, has lagged far behind.

It continues to rank among those with the lowest percentage of insured risks against losses from natural disasters and earthquakes (17.9%) out of a total of 6,596,761 residences registered in the country.