The Cheapest and Most Expensive Greek Islands for Buying a Home

Greek islands have long been a coveted destination for travelers, whether seeking a serene vacation spot or a permanent residence. Engel & Völkers, a reputable real estate agency, provides an insightful overview of property prices across these sought-after islands.

According to their data, Andros, the most northern Cycladic island in the Aegean, offers the most affordable options, with prices ranging between 2,000 and 4,000 euros per square meter.

On the other end of the spectrum, Mykonos, one of the most famous destinations in the world, commands premium prices, starting at 5,500 and soaring up to 12,000 euros per square meter. The iconic Santorini in the Aegean follows closely, with property prices ranging from 5,500 to 10,000 euros per square meter.

In Paros, a central Aegean island, current prices begin at 3,500 euros per square meter and can reach an average of 10,000 euros. Luxury properties with unique architectural features, including those on Antiparos, southwest of Paros, can command even higher prices.

Kea, just an hour away from the Athenian port of Lavrion, also stands out in the high-end market, with prices ranging from 3,500 to 6,500 euros, reflecting the island’s recent surge in real estate activity.

The report highlights that the primary investors in the Cyclades are from German-speaking countries—Germany, Austria, and Switzerland. Interest is also notable from the United States and the United Kingdom, with additional inquiries from France and Mediterranean nations like Italy and Spain.

As noted by Engel & Völkers, the growing inclination of international buyers to vacation in the Cyclades is benefiting Greek tourism, driving increased demand for second homes—whether for personal enjoyment or investment purposes.