Greece’s household wealth surpasses $1.15 trillion. Credit: Greek Reporter
Total household wealth in Greece has surpassed 1 trillion euros ($1.15 trillion) according to recent data.
Yet behind this figure lies a more complex story: the balance between property and financial assets is shifting, and wealth concentration among higher-income households is becoming increasingly pronounced.
A rapid rise in household wealth
New data from the European Central Bank (ECB), analyzed in Alpha Bank’s latest Economic Bulletin, Greek household wealth has increased substantially from €800 billion ($921 billion) in early 2018 to over €1 trillion ($1.15 trillion) in 2025.
This growth spans both financial and non-financial assets, although not all types of wealth have seen development at the same pace.
Real estate still dominant but losing ground
Real estate continues to dominate household balance sheets and remains the cornerstone of wealth for most Greek families.
However, its share of total wealth has decreased from 64% in 2018 to 60% in 2025. Non-financial business assets also slipped from 9% to 7%, indicating slower growth in fixed capital compared to other asset classes. These shifts do not signal declining property values. Instead, financial assets grew more rapidly, altering the overall composition of wealth.
Financial wealth, including deposits, bonds, equities, mutual funds, corporate shares, and life-insurance products, has risen from 27% to 33% of Greece’s total household wealth. This acceleration favored households that were already in possession of such tools, contributing to an increasingly uneven distribution.
Alpha Bank’s analysis illustrates divide clearly:
Alpha Bank’s analysis highlights the wealth divide in Greece. According to the bank, the top 10% of households hold:
Financial assets: 55% of their total wealth
Non-financial assets: 45%
In contrast, the remaining 90% of households have financial assets comprising only about 20% of their total wealth. This stark difference indicates that most Greek households depend primarily on property for wealth, whereas the most affluent benefit disproportionately from gains in financial markets.
Comparing Greece’s household wealth with the Eurozone’s
Even with these shifts, Greece still displays lower wealth inequality than the Eurozone average. ECB data for Q2 2024 shows:
The poorest 50% in the Eurozone hold just 5% of net wealth
In Greece, they hold 12%
The wealthiest 10% own 57% of Eurozone wealth
In Greece, the top 10% hold 45%
Greece’s high home ownership rate is a key factor in this comparatively flatter distribution. Among the bottom 90% of Greek households, real estate accounts for 72% of total wealth—slightly higher than the EU average of 69%.
However, Greece differs drastically in another respect: life-insurance products, investment funds, and bonds, which make up 8% of wealth for the bottom tiers in the EU, are nearly absent among the bottom 90% in Greece. They appear almost exclusively in the top 10%.