The average interest rate on new floating-rate housing loans in Greece fell to 3.39% in August 2026, down 14 basis points from July, according to Bank of Greece data released on 1 October 2026.
The July figure was 3.53%, and August marked the second consecutive monthly fall in floating mortgage rates. The move ran against most other lending categories, where rates went up.
New business loan rates rose 12 basis points to 4.35%, and rates for small and medium-sized firms rose 10 basis points to 4.58%. Credit cards and revolving credit rose 4 basis points to 14.59%. Fixed-term consumer loans fell 56 basis points to 9.89%.
| New loans, Greece | July 2026 | August 2026 |
|---|---|---|
| Housing loans, floating rate | 3.53% | 3.39% |
| Business loans | 4.23% | 4.35% |
| Spread, new loans vs new deposits | 4.30 pp | 4.42 pp |
On the deposit side, the weighted average rate on new deposits stayed at about 0.37%. Household term deposits of up to one year fell 7 basis points to 1.17%. As a result, the gap between new lending and deposit rates widened to 4.42 percentage points from 4.30.
Across the euro area, mortgage rates moved the other way. European Central Bank figures show they rose 6 basis points to 3.60% in August.
What it means for buyers
Buyers who can borrow from a Greek bank saw floating-rate housing finance get slightly cheaper in August, while euro area rates edged up. These are averages for new loans. Individual offers depend on each bank’s assessment of the borrower and the property.
