With 32 online real estate auctions, the curtain opens in 2025 for taxpayers with significant debts to the IRS. Despite repeated warnings, several debtors have failed to repay or settle their debts, leading the Independent Public Revenue Authority (ADE) to activate enforcement proceedings. The first “hammer” of the year will sound on January 29.

The upcoming auctions include single-family houses, apartments, plots of land, parcels of land, warehouses, industrial facilities, and parking lots. Starting prices start at 1,500 euros and go up to 4.5 million euros.

Specifically, the following properties are on the list of auctions of the AADE until April 9, 2025:

• – Business land 4,552.50 sq.m. with offices, production areas, and electronic facilities in Alexandroupolis with a first bid price of 376,800 euros
• – Land 190 sq.m. with residence and closed parking space in Perama Attica with a price of 164,000 euros and an area of 230.30 sq.m. with a price of 164,000 euros
• – Apartment 198,75 sq.m. in Peristeri Attica with a price of 150.000 euro
• – Land plot 29,270 sq.m. with a furniture production unit and offices in the Delta Municipality of Thessaloniki with a price of 1,832,000 euros
• – Land plot 10.731 sq.m. in the Delta Municipality of Thessaloniki with a price of 104.000 euro
• – First-floor apartment 198.75 sq.m. in Peristeri, Attica, with a price of 136,000 euros
• – Land plot 25,460 sq.m. in the municipality of Aliartos in the Prefecture of Boeotia with a price of 4,550,000 euros
• – Land plot 38.111 sq.m. with a ground floor industrial building in Lamia with a price of 1.070.000 euro
• – Land 135 sq.m. with two houses in the municipality of Kavala with a price of 97,210 euros
• – Area 4.296 sq.m. in the District Delta of Thessaloniki with a price of 48.800 euros
• – 40% of land 7,208 sq.m. with an industrial complex in Dimini with a price of 266,220 euros
• – Small warehouses up to 7 sq.m., in Neo Faliro with prices from 1,500 to 3,000 euros
• – Area 450 sq.m. with a building of 150 sq.m. in Kifisia with a price of 841,000 euros

According to recent data from the AADE, of the 3,946,439 taxpayers with overdue debts, 2,206,046 are under seizure of income, deposits, and assets. Already, 1,550,838 of them have been subjected to such measures, while for the remaining 655,208, proceedings will begin in the coming years if they do not pay or settle their debts.
What the legislation provides for

The current legislation allows for enforcement measures for overdue debts of more than €500 that have not been included in a settlement programme.

The measures include:

• – Seizure of chattels in the hands of the debtor or third parties.
• – Seizure of real estate.

Before taking these measures, the tax administration must issue an individual notice of payment of a debt, except in cases of seizure of monetary claims.

After notification of seizure, the debtor is deprived of the right to freely dispose of the property. If not included in a settlement program, the auction date is set within 4 months of the foreclosure and executed within 5 months of the issuance of the program.

If the auction is postponed, a new program is issued within one year. The procedure may be suspended if the debtor is placed in a scheme or a court order of suspension is issued.