Greece Housing Market Activity
Last updated:
Source: ECB MIR monthly new housing loans adjusted with BIS WS_SPP selected residential property price index for Greece, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average and residential permit series smoothed with a 3-month moving average before rebasing and weighting.
Source description: Monthly Greece housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100. Mortgage lending is smoothed with a 3-month moving average and residential permits are smoothed with a 3-month moving average before rebasing and weighting.
Table ID: macro_economics/housing/europe_housing_market_activity_monthly
Key findings:
- Greece housing activity is elevated versus its 2019 baseline, giving a very strong housing-linked demand signal.
- The series sits in the stronger part of its range, suggesting housing activity remains comparatively firm.
- Recent movement is weakening, which points to softer residential momentum.
Latest data:
| date | value |
|---|---|
| 2025-04-01 | 183.69 |
| 2025-05-01 | 205.51 |
| 2025-06-01 | 225.58 |
| 2025-07-01 | 250.99 |
| 2025-08-01 | 246.11 |
| 2025-09-01 | 251.03 |
| 2025-10-01 | 248.2 |
| 2025-11-01 | 273.16 |
| 2025-12-01 | 289.12 |
| 2026-01-01 | 270.57 |
| 2026-02-01 | 257.47 |
| 2026-03-01 | 246.68 |
Methodology: Housing Market Activity Methodology
Greece Housing Market Activity tracks the residential-cycle backdrop for Greek furniture and home-furnishing demand. It helps retailers, suppliers, importers and analysts understand whether housing conditions are creating more move, renovation and fit-out opportunities in the Greece furniture market.
Greece is unusual because the current cycle follows a long post-crisis housing depression, so recent activity should be read against a low recovery-stage baseline. The indicator is especially useful for judging property-linked demand around apartments, second homes, rentals and tourism-facing accommodation.
Market Context
The Greek furniture market has a strong property link because furnishing demand often follows apartment upgrades, holiday-home investment, rental refurbishment and new residential projects. After the long housing downturn of the 2010s, a stronger residential cycle can translate into visible demand for kitchens, mattresses, wardrobes, upholstery and outdoor living products.
For market planning, this indicator helps distinguish a genuine housing-cycle tailwind from ordinary retail volatility. Use it with Greece Furniture Consumer Market Size, Greece Furniture Retail Market Size and Greece Furniture Production Market Size to judge whether furniture demand is being driven by domestic households, tourism-linked property investment, retail-channel movement or local manufacturing conditions.
