The first significant valuations of construction materials in real estate are already apparent because of the large increase in the number of buildings. Fuel The last few months.
Prices on building materials in April increased by 4.1%
The construction industry expresses concern about the new pressure on building costs, which market players associate with geopolitical developments, supply chain disturbances and increased cost of basic materials.
Real estate and building materials
«Oil on fire» the country's housing problem drops the continuing increase in the cost of building new housing.
Prices on building materials in April increased by 4.1% «Pushed» from significant price increases in fuel oil and electricity.
As the Greek Statistical Authority specifically announced, the general index of prices of new housing building materials showed an increase of 4.1% in April compared to the corresponding index of April 2025, compared to a 3.3% increase observed when comparing the corresponding indicators in 2025 to 2024.
The highest average selling price for newly built properties was recorded in Mykonos
In particular, valuations were recorded in: Motion Oil-Diesel (26%), Electricity (13.9%), Copper Pipes (9%), Bricks (7.5%), Aluminum Cutters (5.5%), Ready Concrete (5.2%), Condensing and Ready Concrete Enhancements (3.9%), Solar water heaters (3.4%), Plastic Tubes, Synthetic, Inocement (3.3%), Plastic, Acrylic, Water (3.3%), Cement (3%), Marble Plates (2.4%), Parquet (2.4%) and Armament Iron (2.2%).
Rise was recorded on a monthly basis. In particular, the general indicator showed an increase of 1% in April 2026 compared to the March 2026 index, compared to a decrease of 0.01% in the corresponding months in 2025.
At 12 month level, the average May 2025 – April 2026 index, compared to the corresponding index of the 12 month May 2024 April 2025, showed an increase of 2.6%, compared to an increase of 4.9% in comparison to the previous 12 months.
The most expensive areas
The highest average selling price for newly built properties was recorded in Mykonos (EUR 8,000 per square meter).
The following is Glyfada and Old Psychiko (7.000 euros per sq.m.), Philothei (6,500 euros per sq.m.), the Hilton area (6,400 euros per sq.m.), the Greek (6,300 euros per sq.m.), the old beach in Thessaloniki (6,200 euros per sq.m.), Piraeus and Voula (6,000 euros per sq.m.).
It is worth pointing out that the biggest increase observed in newly built properties up to 5 years of age, compared to those over 5 years of age, is due, on the one hand, to the fact that they are preferred more than the buyers concerned because they are modern and energy efficient dwellings, on the other hand, to the fact that there is a reduced supply, as in recent years the rate of building houses cannot meet the growing demand.
Source: ot.gr
