The Greek economy continues to exhibit robust expansion, significantly outperforming the broader euro-area average. According to the Bank of Greece's Report on Monetary Policy 2025–2026, real GDP grew by 2.0% year on year in the first quarter of 2026. This sustained momentum was driven principally by investment, alongside positive contributions from net exports and private consumption.
The Bank projects real GDP growth of 1.9% for both 2026 and 2027, underpinning a positive medium-term outlook for the property market. However, the report also notes that the broader economic environment remains sensitive to external geopolitical developments. Recent tensions in the Middle East and the temporary disruption of global energy flows triggered an acceleration in HICP inflation, which rose to 4.9% in May 2026. While the Bank expects inflation to moderate to 3.8% over the full year, these near-term cost pressures remain relevant for construction and real-estate investment planning.
For property investors and developers, the core finding is clear: Greece's underlying economic fundamentals remain strong and investment-led, providing a solid foundation for the real-estate sector even as external conditions require careful navigation.
Source: Bank of Greece
Link: https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=698a6678-2347-430f-9dcd-2df37d62b920
