As property prices continue to rise, interest among Greeks in purchasing real estate is also growing, with nearly 70% (67%) expressing some level of interest. This marks a significant increase from a year ago in May 2024, when only 51% showed indifference. Additionally, around 69% feel that accessing loans for home purchases is challenging, with 42% noting it as “difficult” and 27% stating it is “somewhat difficult.” This perspective seems to reinforce the ongoing slowdown in mortgage lending.
The findings come from a survey of 1,500 individuals conducted via telephone in the regions of Attica and Thessaloniki. This research was carried out by the University of Macedonia (PAMAK Research University Institute – Public Opinion and Market Research Unit) for the project titled “Real Estate Market Barometer – What Greeks Expect,” commissioned by the investment blog iliaspapageorgiadis.com, authored by Ilias Papageorgiadis.
Specifically regarding mortgage rates, three out of four respondents believe the rates are high (57%) or rather high (18%). This is a decrease from the previous May survey, where 82% felt the same, as 65% reported high rates and 17% indicated “rather high” rates.
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