According to data released by the Hellenic Statistical Authority (ELSTAT) the volume of private construction activity recorded a 46.7% increase, nationwide in October of 2024.
In October 2024, a significant rise was seen in the issuance of private construction permits across Greece. A total of 2,602 building permits were granted, reflecting an increase of 5.2% in the number of permits, a 31.2% rise in surface area, and a substantial 46.7% surge in volume compared to the same month in 2023. This corresponds to a total area of 729,371 square meters and a volume of 3,595,816 cubic meters.
In the same month, public construction activity saw the issuance of 38 permits, covering a total area of 19,415 square meters and a volume of 87,560 cubic meters. Public construction accounted for just 2.4% of the overall building volume in October 2024.
Over the twelve-month period from November 2023 to October 2024, total construction activity (private and public) across the country, as measured by building permits issued, reached 30,436 permits.
Compared to the same period from November 2022 to October 2023, there was a 12.8% increase in the number of permits, a 16.2% rise in surface area, and a 13.3% growth in volume.
During this period, private construction activity alone experienced a 12.8% increase in the number of permits issued, a 16.1% rise in surface area, and a 12.5% growth in volume compared to the previous year. Public construction activity accounted for 3.1% of the total building volume over this period.
Focusing on the first ten months of 2024 (January–October), total construction activity across the country saw a 15.8% rise in the number of permits, a 20.2% increase in surface area, and a 15.5% growth in volume compared to the corresponding period in 2023.
Similarly, private construction during this ten-month span registered a 15.8% increase in permits, a 20.2% rise in surface area, and a 14.7% growth in volume year-on-year.