The construction industry in Greece has experienced a drastic downturn in 2025, primarily resulting from the uncertainty generated by the Council of State's decision to eliminate building bonuses. This change has impacted the market dynamics, leading to a significant decrease in construction activities as developers and investors re-evaluate their commitments under the new legal framework.

According to a report by Savills, a real estate consulting firm, the Greek housing market is entering a phase of heightened legal predictability following the Council of State's rulings concerning the Urban Planning Code (NOK). The report suggests a transition from a period of administrative uncertainty to a clearer institutional framework, which could serve as a crucial catalyst for institutional investments moving forward. This evolution is expected to bring more stability to the market, allowing stakeholders to navigate future developments with greater confidence.

Pending appeals from various municipalities, such as Alimos, Kifisia, and others, against the NOK involve disputes related to the building bonuses that apply to old permits. The Savills report emphasizes the legal environment that will shape the future of construction in Greece. Additionally, numerous citizens, cultural associations, and environmental groups have joined in these appeals, highlighting the broader societal implications and concerns regarding urban development and planning.