Housing in Greece is becoming more expensive, there are no affordable options

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Real property marketplace successful Greece successful 2026 maintains affirmative dynamics, but faces a cardinal occupation – shortage of modern affordable housing against the backdrop of persistently precocious demand.

According to information Bank of Greecerising prices and constricted supply are gradually changing the structure of demand, forcing households to look for cheaper solutions.

Demand shift

Buyers are progressively focusing on:

on more affordable areas;
on old properties;
compromise betwixt terms and quality.

This is straight related to the emergence successful lodging prices successful caller years and the deterioration successful the affordability of existent estate.

Price maturation continues

Based connected the results of 2025:

apartment prices accrued by 7.8%;
old lodging has risen successful terms 8.1%;
new lodging – connected 7.4%.

The highest maturation recorded:

V Thessaloniki – 9.6%;
in different ample cities – 9.8%;
in the regions – 8.8%;
V Athens – 6.2%.

Construction and loans

Despite the maturation successful investment, the marketplace faces limitations:

decrease successful operation enactment (-16.7% for permits);
increase successful operation costs by 23.1% successful 5 years;
increase successful owe lending, but with a debased base.

Additionally, request is supported by authorities programs such arsenic “Σπίτι μου ΙΙ”.

Investments and the commercialized existent property market

Investor involvement continues, particularly successful the pursuing segments:

tourism and edifice business;
logistics and warehouses;
high people offices.

At the aforesaid time, the marketplace is gradually moving distant from outdated facilities towards energy-efficient solutions.

Offer restrictions

The cardinal occupation remains the shortage of caller housing:

limited construction;
high outgo of projects;
delays successful approvals;
low accessibility for the mediate class.

Market prospects

Experts measure the prospects arsenic cautiously positivehowever, bespeak superior risks:

the power of geopolitics and vigor prices;
decreased lodging affordability;
possible slowdown successful terms growth.

The state has already announced measures to summation supply, including the use of bare buildings and simplification of procedures, but the effect of these steps is not expected immediately.