Greek Floating-Rate Housing Loans Fell to 3.39% as New Lending to Households and Firms Rose to 4.79%
The Bank of Greece says the average rate on new floating-rate housing loans fell 14 basis points to 3.39% in August, while lending to households and firms rose to 4.79%. is the rate on a new floating-rate Greek mortgage.
The facts
- The average interest rate on new housing loans at a floating rate fell by 14 basis points to 3.39% in August 2026.
- The weighted average rate on new loans to households and non-financial corporations rose by 11 basis points to 4.79%.
- The weighted average rate on new deposits was almost unchanged at 0.37%.
- The Bank of Greece states that the spread between new deposits and loans widened to 4.42 percentage points.
- On outstanding balances, housing loans with over five years' maturity were almost unchanged at 3.74%.
- The release is dated 1 October 2026 and covers August 2026.
What it means for your money
- A new Greek mortgage costs less than a month earlier. The rate on new lending to households and firms rose 11 basis points.
- The fall applies to new floating-rate lending only. Outstanding long-term housing loans barely moved, at 3.74%, so someone already paying off a mortgage sees almost nothing of it.
- Glopra's Greece entry puts the national asking price at 3,221.42 US dollars per square metre and the national asking rent at 12.42 US dollars per square metre a month, both from the same portal for August 2026. A cheaper mortgage lowers the cost of carrying a purchase; the rent a landlord can ask is set by the market, not by the loan rate.
- For savers the picture is worse. New deposits still pay 0.37%, and the gap between what banks pay and what they charge on new business widened to 4.42 points.
What to watch
- The series is monthly, so the next release shows whether the housing-loan cut continues or reverses.
- The 4.42 point spread is a new-business figure: 4.79% charged on new loans against 0.37% paid on new deposits.
- Consumer and corporate rates are printed by sub-category only, with no single overall figure for either, so comparisons across loan types cannot be drawn from this release.
Sources: Bank of Greece, Interest Rates on Bank Deposits and Loans August 2026, 1 October 2026 https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=32c0a6c9-ee45-450e-86fd-6e501801bfcd