1/22/2026
The Greek real estate market enters 2026 under conditions of rising apartment prices, limited housing supply, and ongoing challenges to affordability, despite signs of resilience in construction and investment activity.
According to data from the Bank of Greece, apartment prices increased by 7.5% in nominal terms during the first nine months of 2025, compared with a 9.7% rise in the same period of 2024, confirming a gradual slowdown in the pace of price growth. Older apartments recorded slightly stronger increases than new ones, while Thessaloniki and other major cities outperformed Athens, which showed more moderate growth.
Housing supply remained constrained throughout 2025. Residential construction activity declined sharply, affected by regulatory uncertainty, delays in permit issuance, and elevated construction costs.
At the same time, rental prices continued to rise—particularly in large urban centers—further intensifying concerns over housing affordability for households.
Mortgage lending increased significantly during 2025, supported partly by state housing programs, although overall bank financing remains relatively limited. Demand for housing loans weakened toward the end of the year, reflecting higher prices and tighter financial conditions.
In contrast, investment in residential properties continued to grow, underlining the sector’s ongoing attractiveness for both domestic and foreign investors.
In the commercial real estate market, price growth for high-specification offices and retail properties slowed, while rental increases remained modest.
Nevertheless, business expectations in the construction sector improved toward the end of 2025, supported by strong project pipelines and long-term infrastructure investment plans.
Looking ahead to 2026, the outlook suggests continued pressure on housing prices, gradual recovery in construction activity, and an increased focus on policy measures aimed at boosting supply, streamlining procedures, and improving housing affordability.
Structural reforms and targeted investments are expected to play a critical role in shaping the next phase of the Greek real estate market.
Source: https://www.mononews.gr/oikonomia/tte-anodo-75-stis-times-diamerismaton-sto-9mino-ti-allaxe-to-2025-kai-ti-erchetai-to-2026#Αύξηση_στεγαστικών_δανείων