Greeks are the oldest first-time homebuyers in Europe, according to a new RE/MAX survey published by Euronews Business. ...

Greeks are the oldest first-time homebuyers in Europe, according to a new RE/MAX survey published by Euronews Business. The average age a Greek buys their first home is 34.7 years, tied with Switzerland for last place across 23 European countries. The European average is 31.3 years. The numbers are even starker when you look at younger age groups. Only 12.1% of Greeks buy their first home before age 25, the lowest rate in Europe. In Britain, that figure is 40.2%, meaning two in five buyers own a home before their mid-twenties. Across all 23 countries surveyed, about 69.5% of people buy their first home before age 35. In Greece, that figure drops to just 50.4%, meaning nearly half of Greek buyers either purchase after 35 or never purchase at all. Luxembourg, the Netherlands, and Britain all exceed 84% by that same age threshold. The survey, which covered more than 21,000 adults across Europe with over 13,000 responses on the homebuying age question, points to low incomes as the primary driver. RE/MAX Europe CEO Michael Polzler noted that financial affordability largely determines when people buy, but family support and cultural attitudes toward renting also play a role. Britain's low average buying age of 28.4 years is partly explained by high family financial support: more than half of British buyers aged 18 to 34 receive a gift or inheritance to help with their purchase. In Germany, renting is culturally normalized as a long-term choice, with 69% of respondents aged 18 to 34 currently renting, compared to 38% across Europe as a whole. Homeownership rates across Europe stood at 68.5% of households in 2025, down 2.2 percentage points from 2010. That rate ranges from 47.2% in Germany to 93.8% in Slovakia. #Greece #Housing #Economy