The analyst expects the construction industry in Greece to expand in real terms by 2.3% in 2025, supported by investments in the transport and electricity infrastructure projects, coupled with an increase in building permits issued. According to the Hellenic Statistical Authority (ELSTAT), the total number of building permits issued in the country grew by 14.8% year-on-year (YoY) in the first eleven months of 2024, with the total surface area of buildings for which permits were approved rising by 17.2% YoY, during the same period. Reflecting the positive momentum in the industry, the average construction production index in the country grew by 20.1% YoY in 2024, preceded by an overall annual growth of 9.4% in 2023, according to the ELSTAT.
The Greek construction industry is expected to register an annual average growth of 3.4% from 2026 to 2029, supported by public and private sector investments in the residential, and tourism sectors. In March 2025, the country’s Interministerial Strategic Investments Committee approved three tourism projects worth EUR1.2 billion ($1.3 billion). Of the total, EUR224 million ($244.1 million) will be invested by an Indian consulting company, GH Hotel and Tourism, for the construction of a luxury holiday villas in Evia, while EUR474 million ($516.5 million) will be invested by US-based real estate company, Hydra Rock Real Estate for the development of a luxury tourist resort in Ermioni, and EUR524 million ($570.9 million) will be invested by a Serbia travel agency company, Astakos Terminal International Commerce and Services, for the development of Platygialos Nautical and Industrial Port in Astakos.
The Greek construction industry is expected to register an annual average growth of 3.4% from 2026 to 2029, supported by public and private sector investments in the residential, and tourism sectors. In March 2025, the country’s Interministerial Strategic Investments Committee approved three tourism projects worth EUR1.2 billion ($1.3 billion). Of the total, EUR224 million ($244.1 million) will be invested by an Indian consulting company, GH Hotel and Tourism, for the construction of a luxury holiday villas in Evia, while EUR474 million ($516.5 million) will be invested by US-based real estate company, Hydra Rock Real Estate for the development of a luxury tourist resort in Ermioni, and EUR524 million ($570.9 million) will be invested by a Serbia travel agency company, Astakos Terminal International Commerce and Services, for the development of Platygialos Nautical and Industrial Port in Astakos.
Construction in Greece - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into the Greek construction industry, including:
- The Greek construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Greek construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Greece. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Greece, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
