The demand for mortgage loans in the Greek market has surged to its highest levels in 13 years, marking a positive shift in credit expansion for the sector for the first time since 2010. In the past year, new loan disbursements amounted to €2.15 billion, reflecting a substantial 50% increase from 2024 and surpassing repayments of older loans by €180 million. This development indicates the best performance in new lending since 2013, as the previously declining balances have finally reversed after 15 years.

In the last four months of 2025 alone, financing in the mortgage sector nearly reached €1 billion, showing a strong start for 2026 as well. According to data disclosed by the Bank of Greece, new mortgage loans in January 2026 totaled €134 million, which indicates a positive annual growth trend continuing into the New Year. This robust demand not only signifies a resurgence in the housing market but also highlights the improved economic conditions that encourage consumers to invest in property.

The implications of this upturn in mortgage demand are significant for the Greek economy. It suggests that consumers are regaining confidence in their financial stability and are willing to take on new debt for property purchases. The competitive interest rates offered by banks at 2% may attract even more potential homeowners, further driving economic activity in associated sectors such as construction and real estate. This trend of increasing mortgage activity could indicate a gradual recovery from the economic challenges that Greece has faced in recent years.