Construction material prices in Greece are on an upward trajectory as the new year begins, with the Greek Statistical Authority reporting a 2.3% increase in the General Price Index for New Residential Building Materials in January 2026 compared to January 2025. This rise follows a previously reported increase of 4.4% from 2025 to 2024, highlighting a sustained inflationary trend in the construction sector.

On a month-to-month basis, the price index also recorded an increase of 0.4% from December 2025, contrasting with a more modest 0.2% rise observed in the same period the previous year (2025 compared to 2024). These figures suggest a consistent escalation in costs for builders and contractors, which could impact future housing projects and overall housing market dynamics as construction becomes more expensive.

Furthermore, the average index for the twelve-month period from February 2025 to January 2026 has risen by 2.7%, showing a deceleration compared to the 5.5% increase noted in the previous twelve-month period. This data reflects ongoing challenges in the construction industry, with implications for affordability, construction timelines, and the overall economic environment in Greece as builders and consumers alike navigate rising costs.