This article examines the persistent and growing tax burden on real estate in Greece, particularly after 2010. Lawyer Vassilis Oikonomidis provides a historical overview of property taxation, highlighting the distortions caused by ENFIA through detailed examples. He explores how excessive taxation has impacted both the property market and GDP, transforming real estate from a traditional store of wealth into a fiscal burden. The article concludes with policy reflections on how aligning taxable values with real market prices and introducing new incentives could restore the developmental potential of property within the Greek economy.