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Greece Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published Apr 22, 2025
Length 50 Pages
SKU # GBDT20037868

Description

Greece Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

GlobalData 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.

GlobalData’s 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 GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

50 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Greece, Key Economic Indicators
Table 3: Greece, Price Indices of Work Categories in Construction for New Residential Buildings (2021=100, % Change YoY)
Table 4: Greece, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 5: Greece, Top Commercial Construction Projects by Value
Table 6: Greece, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 7: Greece, Top Industrial Construction Projects by Value
Table 8: Greece, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 9: Greece, Top Infrastructure Construction Projects by Value
Table 10: Greece, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 11: Greece, Top Energy and Utilities Construction Projects by Value
Table 12: Greece, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 13: Greece, Top Institutional Construction Projects by Value
Table 14: Greece, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 15: Greece, Top Residential Construction Projects by Value
Table 16: Greece, Material Costs Index for the Construction of New Residential Buildings (2015=100, % Change YoY)
Table 17: Greece, Key Contractors
Table 18: Greece, Key Consultants
Table 19: Greece, Construction Output Value (Real, $ Million)
Table 20: Greece, Construction Output Value (Nominal, EUR Million)
Table 21: GlobalData Construction Market Definitions
Table 22: Risk Dimensions
Table 23: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2023–29
Figure 2: Greece, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Greece, Risk Summary
Figure 4: Greece, Risk Regional Comparison
Figure 5: Greece, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Greece, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Greece, Construction Value Add, 2020 Chain Linked Volume Measures (EUR Million)
Figure 8: Greece, Construction Production Index, 2021=100
Figure 9: Greece, Gross Fixed Capital Formation in the Construction Industry, 2020 Chain Linked Volume Measures (EUR Million)
Figure 10: Greece, Total Number of Building Permits Issued
Figure 11: Greece, Price Indices of Work Categories in Construction for New Residential Buildings (2021=100)
Figure 12: Greece, Labor Input in Construction, Seasonally and Calendar Adjusted, Index, 2021=100
Figure 13: Greece, Construction Projects Momentum Index
Figure 14: Western Europe, Construction Projects Momentum Index
Figure 15: Greece, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 16: Greece, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Greece, Wholesale and Retail Trade Value Add, 2020 Chain Linked Volume Measures (EUR Million)
Figure 18: Greece, Total International Tourist Arrivals
Figure 19: Greece, Retail Trade Volume and Turnover Indices, 2021=100, % Change YoY
Figure 20: Greece, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 21: Greece, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Greece, Industrial and Manufacturing Production Indices, Seasonally Adjusted, 2015=100, % Change YoY
Figure 23: Greece, Total Exports (EUR Million)
Figure 24: Greece, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 25: Greece, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Greece, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 27: Greece, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Greece, Information and Communication value add, 2020 Chain Linked Volume Measures (EUR Million)
Figure 29: Greece, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 30: Greece, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Greece, Public Administration and Defense Value Add, 2020 Chain Linked Volume Measures, (EUR Million)
Figure 32: Greece, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 33: Greece, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Greece, Real-Estate Value Add, 2020 Chain Linked Volume Measures (EUR Million)
Figure 35: Greece, GFCF in Dwellings, 2020 Chain-Linked Volume Measures (EUR Million)
Figure 36: Greece, Apartment Price Index, 2007=100, % Change YoY
Figure 37: Greece, FDI in Greek Real Estate (EUR Million)
Figure 38: Greece, Material Costs Index for the Construction of New Residential Buildings, 2015=100
Figure 39: Greece, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 40: Greece, Headquarters of Key Consultants (% of Total Project Pipeline)

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