Greek real estate, particularly on the Greek islands, continues to be an appealing prospect for foreign investors, as the metrics show a sustained dynamism thanks to economic recovery, the rise in tourism, and government incentives.
According to the price index recorded by Greece’s leading online property site Spitogatos (SPI), trends in prices and domestic and international demand for home purchases on the Greek islands are steadily on the rise.
Foreign Investor Demand for Greek Islands
There is an increased international demand for homes in the Cyclades compared to the previous year, with prospective buyers from the United States, the United Kingdom, Germany, France, and Switzerland generating the highest search volume for homes for sale on any Cycladic island.
The most popular Cycladic islands for home purchases by potential foreign buyers are Paros, Syros, Naxos, and Mykonos. Specifically, in Paros, the highest demand for home purchases comes from the United States, the United Kingdom, France, Germany, and Israel. In Syros, potential buyers searching for homes for sale come from the United Kingdom, the United States, Germany, France, and Belgium.
Prices
The Cycladic Island of Mykonos and the Ionian Island of Paxos were the priciest locations to buy a home in May 2024, followed by Skiathos in the Sporades and Chania in Crete.
Crete, the largest island in Greece, is traditionally a popular summer destination with the average asking price for homes ranging from the highest in the Chania region to the lowest in the Heraklion region. However, Heraklion also recorded the largest increase in average asking price for homes (9.9%) in May 2024 compared to the same period last year.
Buying prices on the islands of Skopelos, Salamina, Rhodes, Kos, and the North Aegean Islands such as Chios, and Crete in the regions of Rethymno and Lasithi, were less than 2,000 euros per square meter.
Paros, Santorini, and Folegandros follow. Conversely, the Cycladic islands with the lowest average asking prices for home sales are Tinos, Andros, and Syros. The largest increase in average asking prices for home sales in May 2024 compared to the same period in 2023 was observed in nearby Kythnos, Folegandros, and Milos.
The Ionian Islands are a favorite tourist destination for both Greeks and visitors from abroad. The highest average asking price for homes is found on Paxos, followed by Lefkada and Ithaca.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece
Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece
Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.
When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality
Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.
S&P Raises Greek Rating; BBB with Stable Outlook
S&P’s decision raises the Greek economy to the second notch of investment grade ladder, at BBB with a stable outlook.
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Ξενοδοχεία: Μεγάλο το ενδιαφέρον για επενδύσεις στην Ελλάδα – Η θέση της Αθήνας [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/03/Athens-hotels-90x90.jpg)
![Airbnb: Πτωτικά κινήθηκε η ζήτηση τον Μάρτιο – Τι δείχνουν τα στοιχεία [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/07/airbnb-gba8e58468_1280-1-90x90.jpg)
