In January 2026, the prices of construction materials in Greece saw a 2.3% increase compared to the same month in the previous year, according to the Hellenic Statistical Authority (ELSTAT). This rise reflects broader trends in the construction sector where demand continues to affect prices. The increase was notably lower than the previous year’s 4.4% rise, suggesting a slowing, yet consistent inflation in materials used for building residential properties.

Specific increases in material prices included copper pipes (6.7%), ready-mix concrete (4%), and plastic pipes (3.9%), among others. These price hikes can be attributed to ongoing supply chain constraints and increased demand for construction. For the real estate market, this trend poses challenges for both builders and buyers, as higher costs for materials generally lead to increased housing prices, making homeownership less accessible.

The implications of these increasing prices on the real estate market are significant, as they may deter potential buyers due to elevated costs. Developers may also pause projects or seek alternative materials to mitigate expenditure. Furthermore, as the construction industry continues to navigate these challenges, the long-term impact could affect the housing supply and affordability within the Greek market, emphasizing the need for strategic interventions in the sector.