The construction sector in Greece is in a recovery phase, with activity in projects being increased, while demand for modern and efficient properties is equally strengthened.Based on the findings of the new survey by the Athens Chamber of Tradesmen (BEA), which was conducted in collaboration with KPMG, the sector’s annual turnover amounted to €24.3 billion, recording an 8.5% increase in 2025 compared to the previous year.
The sector is recovering with a boost from investments
Investments in construction reached 6% of GDP in 2024, marking a recovery from the levels of the crisis and of 2020 (~4%). Also, the sector employed approximately 210,000 workers in 2024, recording an increase of nearly 8.8% compared to 2023.
During the period 2024–2026, investments of more than €52 billion are expected to be mobilized, which will come from resources of the Recovery Fund (RRF), the ESPA, and from private capital.
The average annual production index in construction increased by 2.6% in 2025 compared to 2024, with the rise coming mainly from building projects and infrastructure.
However, despite the sector’s recovery, labor productivity in Greece continues to lag significantly behind the European average, as gross value added (GVA) per hour worked stood at €10 in 2024, a level 56% lower than the EU average (€22 per hour).
Bureaucracy and delays in payments
According to the president of BEA, Konstantinos Damigos, the Chamber’s survey, which aimed to record the real picture experienced today by Greek small and medium-sized enterprises, included technical companies that carry out renovations and constructions.
Within the framework of the survey, about half of the respondents (40%-60%) argued that the operation of their business has not been affected by increases in the prices of basic materials.
However, bureaucracy continues to be a significant obstacle for the sector, as 79% of businesses state that they are affected by it to some extent, while 34% consider it a deterrent factor for its growth and operation.
Finally, a large number of businesses (88%) also face delays in payments, of which 50% do so systematically and 38% to a limited extent.