According to the latest data from the European Central Bank (ECB), Greece recorded an average mortgage interest rate of 3.04% for loans with fixed rates of up to five years, well below the euro-area average of 3.35%.

Mortgage lending in Greece is recovering after years of decline, with banks launching low-interest products to attract borrowers in their 40s and 50s

With Euribor near 2%, banks are offering more attractive loans. In July, average mortgage rates fell to 3.52%—110 bps lower than last year—and competition may push them down further.

Net financing to Greece’s general government turned positive in July, reaching €509 million, compared with a negative flow of €93 million in June.

Resolved private sector cases correspond to a nominal value of 518 million euros, according to finance ministry figures