Speaking on a panel at the Prodexpo Conference, Eurobank's Deputy CEO and Head of Retail & Digital Banking, Mr. Iakovos Giannaklis, stated that disbursements of new mortgage loans in 2025 are expected to exceed €2 billion — a significant percentage increase compared to 2024.
What has notably changed in the current landscape is that home purchases are now being financed with lower average loan amounts compared to previous years, as prospective buyers are demonstrating greater financial caution. Although banks are offering higher loan amounts for property acquisitions, most borrowers opt for smaller loans, often purchasing more modestly sized homes.
At the same time, another major shift is that the majority of residential property transactions are now being completed without bank financing — a stark contrast to previous years, when most real estate purchases were heavily reliant on mortgage lending.
Mr. Giannaklis emphasized that there is substantial potential for further growth, as banks are placing housing credit at the core of their strategic focus and are seeking to strengthen their presence in this vital sector. He also highlighted the enduring importance of homeownership in Greece, which remains a deeply rooted value in Greek society.
He further noted that one of the greatest challenges banks face is convincing the public that mortgage lending and the loan application process are not inherently complex, but rather straightforward and accessible mechanisms that can effectively support individuals in achieving the dream of homeownership.
