Homeownership rate in Greece over 60% – One in three has difficulty meeting the cost

The homeownership rate in Greece exceeds 60%, with one in ten having a mortgage and about half having fully repaid the property they live in, as buyers rely mainly on their own funds to purchase a home.

However, Greeks buy a home at an older age, compared to the rest of Europe, and when they proceed to purchase their first home, they receive help from their family.

At the same time, one in three Greeks has difficulty meeting the cost of their current home, while 59% stated that they cannot afford to rent or buy a home.

These data come from the pan-European survey European Housing Trend Report, carried out by the real estate network REMAX Europe for 2025.

In more detail, satisfaction with housing in Greece stands at 66%, compared to 68% in 2024. The corresponding percentage of the average of all owners in Europe is 77%.

The percentage of owner-occupancy in Greece is also very close to the European average, as it stands at 63% compared to 69% in the EU, while it is noteworthy that 53% of Greek owners have fully paid off their home (Europe 47%) and only 10% have a mortgage, compared to 15% in the EU as a whole, confirming that in Greece buyers rely mainly on equity.

However, around one in three Greeks (27%) find it difficult to meet the cost of their current housing, compared to 17% of Europeans overall, while even more Greeks (34%) face difficulties with energy bills (in Europe the figure is 16%). Also, around one in ten (11%) spend more than 50% of their income on housing and bills, which negatively affects housing satisfaction levels.

These financial pressures are affecting the lifestyle of Greeks. Specifically, 15% of adults in Greece said that they live with their parents (Europe: 12%) and 59% of them said that they cannot afford to rent or buy a house. Furthermore, Greeks are buying their first home at an older age, with an average of 35 years, compared to 31 years in the rest of Europe.