Theodoros Mitrakos, the Director-General and former Deputy Governor of the Bank of Greece, shared insights during his address at the Prodexpo North 2026 event, stating that the interest rates in Greece and the EU have stabilized at satisfactory levels, negating the need for intervention. He highlighted a significant increase in mortgage loans, which rose from 1.4 billion euros in 2024 to 2.1 billion euros in 2025, forecasting a potential climb to 3 billion euros within the year.

Despite the positive growth in the mortgage sector, Mitrakos expressed concerns regarding recent developments in the Middle East and how these geopolitical tensions might impact households and the real estate market in Greece. The potential ramifications of these foreign events pose a risk to economic stability, particularly in sectors reliant on consumer confidence and spending.

Mitrakos's remarks signal a cautious optimism about the Greek economy while underscoring the interconnectedness of global events and domestic economic health. Such statements could influence investor perception and decision-making regarding the mortgage market and real estate investments in the country, especially under the looming shadow of international instability.