According to estimates by senior banking officials, housing-loan disbursements amounted to €1.4 billion in 2023 and increased to €1.8 billion in 2024—of which €470 million pertained to the “My Home” programme. For the first ten months of 2025, disbursements reached €2.12 billion, representing a 37% increase compared with the corresponding period of 2024.
In total, from 2023 through October 2025, 94,500 new mortgages have been issued, confirming the gradual re-establishment of housing credit on an upward trajectory following a decade of subdued activity.
It is noteworthy that from the launch of the “My Home II” programme until 20 November, 6,200 loans had been disbursed, amounting to €675 million. In October alone, the respective figures were 4,500 loans and €490 million, highlighting a marked acceleration in the pace of disbursements.
As of 20 November, banks had granted more than 32,500 pre-approvals, totalling €3.9 billion, while the HDB had issued approximately 11,000 final approvals, corresponding to a budget of €1.28 billion. The gap between pre-approvals and final approvals reflects the time required for beneficiaries to locate an appropriate property.
October 2025 constitutes a pivotal moment for the Greek mortgage market. According to data from the Bank of Greece, the 12-month change in housing loans turned positive for the first time in many years, as new loan issuance now balances out loan repayments. One year earlier, credit expansion stood at -2.8%, underscoring the significant improvement in the market.
Meanwhile, the average mortgage interest rate in Greece has fallen below the eurozone average. In September 2025, it was recorded at 3.12%, compared with 3.39% in the eurozone, based on ECB data.
