Home Construction Costs in Greece (2026): What It Really Costs and What to Budget For

1. Real construction costs per square meter (2026)

Based on current market data, contractor pricing, and material costs, realistic construction budgets are:

• Basic quality: €1,900 – €2,200 /m²
  (modern standards, without luxury finishes)

• Good quality (contemporary home): €2,200 – €2,600 /m²
  (the most common choice for buyers and investors)

• Premium / AAA energy efficiency: €2,600 – €3,000 /m²
  (boutique projects, premium materials, high energy performance)

➡️ In practice, anything below €2,000 /m² is no longer realistic for a modern home with resale value.

2. What the construction cost includes — and what it doesn’t

The €/m² cost typically includes:

• structural frame (concrete & steel),

• masonry and partitions,

• thermal and waterproof insulation,

• windows and frames,

• electrical and plumbing installations,

• flooring, bathrooms, kitchen (depending on quality level).

Usually excluded:

• architectural, structural, and MEP studies,

• building permits and approvals,

• social security contributions,

• utility connections (electricity, water, sewage),

• landscaping and outdoor works,

• underground spaces, parking, storage rooms,

• contingencies and upgrades.

3. Hidden costs that push budgets higher

In reality, every construction project should include a contingency of:

+15% to +25% over base construction cost for:

• ground conditions,

• material upgrades,

• design changes during construction,

• price fluctuations,

• delays.

Projects without contingency almost always exceed budget.

4. Example: Building a 120 m² home in 2026

Good quality — average €2,400 /m²

• Construction: 120 × €2,400 → €288,000

• Studies, permits, contributions: €25,000 – €30,000

• Outdoor works / extras: €20,000 – €25,000

➜ Total cost (excluding land): €335,000 – €345,000

This is the realistic total budget for a modern home in 2026.

5. Why proper design reduces total cost

Poor planning doesn’t show at the start — it shows at the end.

Proper design:

• reduces material waste,

• avoids costly on-site changes,

• improves layout efficiency,

• increases energy performance,

• enhances resale value.

High-quality projects always start on paper, not on the construction site.

6. Building vs buying a ready or off-plan property

With today’s construction costs:

• individual self-build projects make sense only with excellent land,

• risk remains high for private builders,

• off-plan developments often offer a smarter alternative.

In structured projects like Tymfristou by Poli Real Estate, buyers:

• purchase below actual replacement cost,

• avoid construction risk and delays,

• secure AAA energy-efficient homes,

• without managing the building process themselves.

7. The real question isn’t cost — it’s value

In 2026, building a home is not cheap.
But a properly designed property:

• has lower operating costs,

• maintains strong long-term value,

• rents and resells more easily,

• remains competitive in changing markets.

Conclusion

Home construction in Greece in 2026 requires realistic budgeting, updated cost data, and professional guidance.
With current pricing levels, decisions must be based on real numbers — not assumptions from previous years.

At Poli Real Estate, we assess each case based on:

• actual construction cost,

• final market value,

• investment potential,

• alternative solutions (off-plan vs self-build).

If you are considering building or purchasing a new home in Greece, contact Poli Real Estate to evaluate what truly makes sense with today’s data.