Greek service sectors grew steadily over the past year, with six of seven categories showing gains even as real estate activity alone fell sharply by roughly 41 percent, according to seasonally adjusted figures published by Eurostat.
The decline in real estate was sharp and uneven. Monthly production rose and fell sharply between July 2025 and June 2026, dropping nearly 20 percent in March alone before a short increase in April and another drop of almost 9 percent in June.
No other tracked sector in Greece came close to that kind of decline, and the figures remain provisional, meaning they could still change.
Technology, transport and professional services show additional gains
Every other part of the Greek services economy moved in the opposite direction. Accommodation and food services, closely tied to the country’s tourism industry, grew by about 25 percent over the period, the strongest performance among the seven categories.
Information and communication rose close to 9 percent, professional and technical services gained nearly 8 percent, and transportation and storage rose more than 7 percent. Administrative and support services showed a smaller increase of about 4 percent.
Taken together, the broader Greek business services economy grew by roughly 8.5 percent, much faster than growth of about 1.6 percent across both the euro area and the wider European Union.
Why Greek service sectors keep growing despite the real estate drop
The gap was even wider in real estate. While Greek service sectors grew across the board outside that one category, the same industry stayed almost flat in the euro area and across the 27-nation bloc, with changes of less than 1 percent in either direction.
Germany and Italy recorded small real estate declines, and France stayed level, while Spain’s real estate output actually grew nearly 7 percent, showing how unusual Greece’s decline has been.
The figures place Greece among the more up-and-down performers in Europe’s services economy, helped by tourism and professional services but held back by a real estate sector that has yet to find steady ground.
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