Mortgage Rates in Greece Hit Nine-Year Low as Lending Rebounds

Mortgage rates successful Greece continued their downward trend successful February 2026, reaching their lowest level successful 9 years, according to information from the European Central Bank.

The mean involvement complaint connected fixed-rate location loans with a duration of up to 5 years fell to 2.95%, down from 3.13% successful January, dipping beneath the 3% threshold for the archetypal clip since aboriginal 2017—when ECB borrowing rates stood astatine zero (compared to 2.15% today).

The aforesaid information spot Greece among the much affordable markets successful the eurozone for this fashionable class of owe products. With an mean complaint of 2.95%, Greece ranks arsenic the 5th cheapest country. The eurozone mean stands higher astatine 3.37%.

The astir competitory rates are recovered successful Malta (1.71%), followed by Portugal (2.72%), Bulgaria (2.90%), Croatia (2.92%), and Greece. At the different extremity of the spectrum, Latvia (8.41%), Estonia (6.34%), Lithuania (5.94%), the Netherlands (3.73%), and Belgium (3.73%) grounds the highest borrowing costs.

In the eurozone’s largest economies, rates stay supra the Greek level. In February 2026, mean fixed owe rates stood astatine 3.63% successful Germany, 3.53% successful Italy, and 3.31% successful France.

Meanwhile, Greece’s lodging recognition marketplace is showing signs of recovery. After years of antagonistic nett flows, owe lending turned affirmative successful October 2025. According to the Bank of Greece, the yearly maturation complaint of lodging loans reached +1.1% successful February 2026.

Bank estimates further bespeak that the mean owe indebtedness successful Greece present exceeds €100,000. Approval rates person besides surged successful caller months, surpassing 85% and successful some cases reaching arsenic precocious arsenic 90%, reflecting improved lending conditions and stronger request successful the lodging market.

Source: tovima.com