Overview
Greece’s household wealth has surpassed €1 trillion ($1.15 trillion), signaling a shift in asset composition and growing disparities in wealth distribution. The ECB data, analyzed in Alpha Bank’s Economic Bulletin, show notable growth from about €800 billion in early 2018 to over €1 trillion in 2025.
Asset mix evolution
Real estate remains the backbone of most Greek households’ balance sheets. However, its share has declined from 64% in 2018 to 60% in 2025, indicating a faster rise in other asset classes. Non-financial business assets also contracted slightly, from 9% to 7%, suggesting slower growth in fixed capital relative to other assets.
“Real estate continues to dominate household balance sheets and remains the cornerstone of wealth for most Greek families. Its share of total wealth has decreased from 64% in 2018 to 60% in 2025.”
Financial assets—deposits, bonds, equities, mutual funds, corporate shares, and life insurance products—have grown, increasing their share of total wealth from 27% to 33% over the period. This shift highlights a move toward a more diversified and financially driven wealth profile.
Interpretation
The increase in financial assets, alongside a rising overall wealth level, suggests that Greek households are accumulating more diversified assets even as property remains substantial. The data do not imply a collapse in property values; rather, wealth composition is changing as financial instruments gain ground.
Context and sources
Key figures come from ECB data, with analyses presented in Alpha Bank’s Economic Bulletin and corroborated by regional reports highlighting a rebound in household wealth after the economic downturn.
Author’s summary
Greece’s household wealth exceeds €1 trillion, driven by financial asset growth that shifts the balance away from property, while real estate remains foundational but less dominant in total wealth, signaling broader asset diversification.
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