Greece construction market anticipates robust growth by 2025

Greece is witnessing significant growth in its construction sector as it moves into 2025. The market has seen a robust increase during the past few years, with a compound annual growth rate (CAGR) of 6.7% from 2020 to 2024, demonstrating a consistent upward trajectory. According to a report released on April 9, 2025, the construction market is projected to reach a value of EUR 4.37 billion in 2025 and continuing this momentum, is expected to expand to approximately EUR 5.25 billion by the end of 2029. This growth is reflective of the strong development strategies being employed across various segments of the construction industry including residential, commercial, and infrastructure projects. The report details over 40 market segments, covering multiple areas such as residential, commercial, industrial, institutional, and infrastructure construction. It offers a comprehensive analysis backed by data-driven insights and key performance indicators (KPIs) that provide stakeholders with valuable information to navigate the current market dynamics. The focus on building and infrastructure construction indicates that opportunities abound for domestic and foreign investors alike, underlining the viability of the Greek construction market. Furthermore, detailed insights are provided for tier-1, tier-2, and tier-3 cities, shedding light on specific urban growth patterns that can influence strategic investment decisions. The databook not only discusses growth projections but also includes detailed analysis around construction costs broken down by material and labor. This level of granularity enables stakeholders to understand and optimize their investment strategies effectively. Notably, this information outlines construction costs across various types of projects and materials, ensuring comprehensive visibility for all market players. As a result, companies looking to invest or expand in Greece can leverage this intel to make informed strategic decisions based on empirical data. In conclusion, this report highlights Greece's construction industry as a promising arena for growth, driven by a combination of favorable market conditions, strategic city-level analyses, and overall increasing demand across various construction segments. As Greece continues to enhance its construction capabilities, the expected growth will likely have far-reaching implications for the economy, infrastructure improvements, and overall urban development in the coming years.