Dialogos

Real Estate: “Warning Bell” for Price Increases if War Continues – Numbness and Uncertainty in the Market

Published March 20, 2026, 12:02
Real Estate: “Warning Bell” for Price Increases if War Continues – Numbness and Uncertainty in the Market

Concerns are being expressed in the real estate sector about a potential increase in construction costs due to the tension in the Middle East and rising oil prices. The president of the Council for Registration of Real Estate Agents, Marinos Kynaegiros, warned that if the crisis continues, construction costs are expected to increase, which may be passed on to buyers. Although in previous crises the builders took on the burden of the increases, this time the data is more pressing, resulting in a dilemma for entrepreneurs. At the same time, a climate of caution is being recorded in the market, with many investors adopting a wait-and-see attitude due to geopolitical instability. Mr. Kynaegiros stated that there is a “numbness” in the market, as investors are waiting to assess developments before making new moves. However, he reminded that in similar periods of crisis in the past, the real estate market did not show strongly negative effects, leaving open the possibility of containing the pressures.