Authored by the expert who managed and guided the team behind the Greek Islands Property Pack
Yes, the analysis of the Greek Islands' property market is included in our pack
Property prices in the Greek Islands continue their upward trajectory as we reach mid-2025.
The combination of strong international demand, limited supply, and record tourism numbers is pushing property values to new heights across the archipelago. Premium islands like Mykonos and Santorini are leading the charge with double-digit annual growth, while emerging destinations like Paros and the Ionian Islands are experiencing exceptional appreciation rates.
If you want to go deeper, you can check our pack of documents related to the real estate market in the Greek Islands, based on reliable facts and data, not opinions or rumors.
Property prices in the Greek Islands have increased by at least 3% in 2025 compared to 2024, with premium islands seeing much higher growth rates of 15-25%.
The Greek Islands property market continues to outperform mainland Greece, with average prices ranging from €1,500 per square meter in Crete to €6,750 per square meter in Mykonos.
| Island | Average Price per sq.m (2025) | Annual Growth Rate |
|---|---|---|
| Mykonos | €6,750 | 15-25% |
| Santorini | €4,190 | 15-25% |
| Paros | €4,500+ | 15%+ |
| Corfu | €2,100 | 10-12% |
| Rhodes | €1,800 | 10-12% |
| Crete | €1,500+ | 10-15% |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
How much have property prices increased in the Greek Islands lately?
Property prices in the Greek Islands have risen significantly, with an overall increase of at least 3% in 2025 compared to the previous year.
The Aegean Islands region has experienced particularly strong growth, recording an 11.93% year-on-year increase in 2024. This momentum has continued into 2025, with premium destinations like Mykonos and Santorini seeing annual appreciation rates between 15% and 25%.
Over the past five years, the transformation has been remarkable. Paros has led the charge with an exceptional 108% price increase since 2018, while Santorini and Rhodes have both seen gains of 57%.
Islands with international airports have performed especially well, averaging 11.3% annual price increases since 2021. This reflects the importance of accessibility in driving property values across the archipelago.
It's something we develop in our Greek Islands property pack.
Where did property prices increase the most in the Greek Islands?
Paros has emerged as the standout performer in the Greek Islands property market, with prices more than doubling since 2018.
This Cycladic island has experienced an extraordinary 108% price surge, pushing average values above €4,500 per square meter. The transformation has been so dramatic that Paros now surpasses Santorini in some property segments.
Mykonos and Santorini continue to command the highest absolute prices, with Mykonos reaching €6,750 per square meter and Santorini at €4,190 per square meter. Both islands maintain annual growth rates between 15% and 25% in their most sought-after areas.
The Ionian Islands are experiencing a renaissance, with Zakynthos and Corfu each recording 7% increases in summer bookings for 2025. This shift reflects travelers' growing preference for authentic experiences away from overcrowded destinations.
| Island | 2018 Price (€/sq.m) | 2025 Price (€/sq.m) | Total Growth |
|---|---|---|---|
| Paros | €2,177 | €4,500+ | +108% |
| Santorini | €2,667 | €4,190 | +57% |
| Rhodes | €1,150 | €1,800 | +57% |
| Mykonos | €4,500 | €6,750 | +50% |
| Corfu | €1,500 | €2,100 | +38% |
What are the current average property prices across different Greek Islands?
Property prices across the Greek Islands vary dramatically, reflecting each island's unique character and international appeal.
As of June 2025, the Aegean Islands region leads with an average asking price of €3,241 per square meter. This figure represents a 7% premium over comparable Mediterranean destinations like the Balearic Islands.
At the luxury end, Mykonos commands the highest prices at €6,750 per square meter for standard properties, with ultra-luxury villas reaching up to €35,850 per square meter. Santorini follows at €4,190 per square meter, while Paros has surged past €4,500 per square meter.
More affordable options exist in islands like Crete (€1,500+ per square meter) and Rhodes (€1,800 per square meter), offering excellent value for investors seeking growth potential. Corfu, at €2,100 per square meter, provides a middle ground with strong rental yields.
Which property types are seeing the biggest price surge in 2025?
Luxury villas and holiday homes are experiencing the most dramatic price appreciation across the Greek Islands.
Ultra-luxury properties in Mykonos and Santorini have reached unprecedented values, with some exclusive villas commanding up to €35,850 per square meter. These properties combine prime locations with world-class amenities, attracting ultra-high-net-worth individuals.
Modern, energy-efficient homes represent another high-growth segment. International buyers increasingly prioritize sustainability, driving premium pricing for properties with solar panels, advanced insulation, and eco-friendly systems.
Renovated traditional houses, particularly in Crete and less-developed islands, offer exceptional appreciation potential. These properties blend authentic Greek architecture with modern comforts, appealing to buyers seeking character and rental income.
New apartments in prime coastal locations average around €3,000 per square meter islandwide, but premium locations command significantly higher prices.
What are the property price forecasts for 2026 in the Greek Islands?
Property prices in the Greek Islands are projected to maintain steady growth through 2026, with annual increases of 3% to 7%.
The National Bank of Greece forecasts average annual price increases of 3% through 2030, representing the baseline scenario. However, premium islands like Mykonos, Santorini, and Paros are expected to outperform this average significantly.
Short-term projections for 2025-2026 suggest a 7% average increase across the islands. This growth will be supported by continued tourism expansion, with Greece expecting record arrivals in 2025.
Supply constraints will intensify upward pressure on prices. Limited developable land, slow permitting processes, and strong demand create a structural imbalance favoring sellers. Premium destinations with international airports and established luxury markets will likely see the strongest appreciation.
Long-term fundamentals remain robust, with sustained demand from international buyers, infrastructure investments, and Greece's growing appeal as a lifestyle destination.
How do international buyers impact Greek Islands property prices?
International demand remains the primary driver of property price growth across the Greek Islands, particularly from Germany, the UK, and increasingly China.
The Golden Visa program continues to attract non-EU buyers despite threshold increases. In high-demand areas like Mykonos and Santorini, the minimum investment now stands at €800,000, up from €250,000 previously.
Foreign buyers concentrate their investments in premium locations and luxury properties, creating intense competition that drives prices upward. This trend particularly affects coastal properties with sea views and modern villas suitable for short-term rentals.
Chinese investors have emerged as a significant force, joining traditional European buyers in pursuing Greek Island properties. Their preference for new construction and branded developments has spurred development activity.
International buyer activity has created distinct market tiers, with foreign-dominated luxury segments experiencing faster appreciation than local residential markets.
Get fresh and reliable information about the market in the Greek Islands
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
What new regulations affect property investment in the Greek Islands in 2025?
Several significant regulatory changes have reshaped the Greek Islands property market in 2025.
The Golden Visa program underwent major revisions, with investment thresholds increasing to €800,000 in Mykonos, Santorini, and other high-demand areas. Other regions require €250,000 to €400,000, depending on location and property type.
Law 5193/2025 introduced a new residency pathway for third-country nationals investing €250,000 or more in Greek start-ups. This broadens investment options beyond real estate while maintaining Greece's appeal to international investors.
Tax incentives now favor property renovation, with owners of long-unused properties claiming 40% income tax deductions on renovation costs if properties are leased long-term. This encourages the rehabilitation of traditional buildings.
The ENFIA property tax continues with recent reductions, while new regulations on short-term rentals aim to balance tourism growth with local housing needs.
It's something we develop in our Greek Islands property pack.
How does the 2025 tourism boom affect property values?
The 2025 tourism surge is creating unprecedented demand for Greek Islands real estate, directly translating into higher property values.
Greece welcomed 1.6 million international air arrivals in the first quarter of 2025, representing a 4.8% increase over 2024. This growth particularly benefits islands with direct international connections.
Record tourism numbers drive short-term rental yields, making property investment increasingly attractive. Premium destinations report occupancy rates exceeding 85% during peak season, with daily rates reaching new highs.
However, the impact varies by island. While Santorini experienced a 30% drop in early-season bookings due to minor seismic activity, the Ionian Islands saw 7% booking increases as travelers seek less crowded alternatives.
The tourism boom's sustainability focus benefits properties with eco-friendly features and authentic character, creating new value propositions beyond traditional luxury.
Which Greek Islands offer the best value for property investment now?
Paros emerges as the sweet spot for property investment, combining strong growth potential with relative affordability.
Despite its 108% price surge since 2018, Paros still offers better value than Mykonos or Santorini while delivering comparable rental yields. The island attracts a diverse visitor base, from luxury travelers to digital nomads.
The Ionian Islands, particularly Corfu and Zakynthos, represent exceptional value propositions. With prices around €2,100 per square meter and growing international interest, these islands offer significant upside potential.
Crete provides the best entry-level investment opportunities, with properties starting at €1,500 per square meter. The island's size, infrastructure, and year-round appeal create diverse investment options.
Rhodes, at €1,800 per square meter, combines affordability with established tourism infrastructure and direct international flights, making it ideal for rental-focused investors.
We made this infographic to show you how property prices in Greece compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
How do Greek Islands property prices compare to mainland Greece?
Greek Islands property prices significantly exceed mainland Greece values, reflecting their unique appeal and limited supply.
While Athens averages €1,485 per square meter and Thessaloniki ranges from €1,400 to €1,800 per square meter, even the most affordable Greek Islands start at €1,500 per square meter in Crete.
Premium islands command multiples of mainland prices. Mykonos at €6,750 per square meter costs 4.5 times more than Athens, while Santorini's €4,190 per square meter represents nearly triple the capital's average.
This price differential reflects fundamental differences in market dynamics. Islands benefit from international tourism, lifestyle appeal, and supply constraints that mainland cities cannot match.
However, mainland Greece offers better value for pure investment returns, with Athens experiencing steady appreciation and strong rental demand from local residents and students.
What role does Greece's economic recovery play in property prices?
Greece's robust economic recovery provides a solid foundation for continued property price appreciation across the islands.
The economy is projected to grow 2.1% in 2024 and 2.3% in 2025, maintaining momentum above the Eurozone average. This stability attracts international investors who previously avoided Greece due to economic uncertainty.
Greece's exit from enhanced EU fiscal surveillance in August 2022 marked a turning point, restoring investor confidence and leading to investment-grade credit ratings. This milestone opened new financing channels for property development.
The government's National Recovery and Resilience Plan continues to drive infrastructure improvements, particularly in transportation and utilities. These investments enhance island accessibility and livability.
Reduced public debt, from 207% of GDP in 2020 to a projected 146.8% in 2025, signals fiscal responsibility that supports long-term property market stability.
Are luxury properties still driving the market in Mykonos and Santorini?
Luxury properties continue to dominate Mykonos and Santorini markets, but shifting dynamics are creating new opportunities.
Ultra-luxury villas in these islands now reach €35,850 per square meter, representing some of Europe's most expensive real estate. However, a notable slowdown in bookings suggests market saturation at the highest price points.
Santorini faced challenges in early 2025, with a 30% drop in first-quarter bookings due to seismic concerns. While the market stabilized by June, this volatility highlights the risks of concentration in ultra-luxury segments.
Mykonos continues its three-year downturn in tourist arrivals, prompting some luxury property owners to reduce asking prices or pivot to long-term rentals. This creates opportunities for well-capitalized buyers.
Despite these headwinds, both islands maintain their status as prestige destinations. Properties with unique features, sustainability credentials, or exceptional locations continue to command premium prices and strong rental yields.
It's something we develop in our Greek Islands property pack.
Conclusion
Yes, property prices in the Greek Islands are definitively going up, with growth rates varying significantly by location and property type. Premium destinations like Mykonos and Santorini continue to see exceptional appreciation of 15-25% annually, while emerging markets like Paros and the Ionian Islands offer compelling growth stories. The combination of limited supply, strong international demand, record tourism numbers, and Greece's economic recovery creates a favorable environment for continued price appreciation through 2026 and beyond.
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
The Greek Islands property market shows no signs of cooling down as we progress through 2025. With prices rising at least 3% year-over-year and premium destinations experiencing double-digit growth, the market continues to reward early investors.
Whether you're drawn to the established luxury markets of Mykonos and Santorini or the emerging opportunities in Paros and the Ionian Islands, the fundamentals support continued appreciation. International demand, limited supply, and Greece's improving economic position create a compelling investment case for the Greek Islands real estate market.
Sources
- Global Property Guide - Greece's Residential Property Market Analysis 2025
- The Luxury Playbook - Greece's Real Estate Market Analysis & Forecast
- The Luxury Playbook - Which Is The Best Greek Island To Buy Property
- Investropa - Property prices in the Greek Islands forecasts
- Investropa - Greek Islands real estate market statistics
- Tranio - Greece Real Estate Prices 2025
- Travel and Tour World - Greek Islands Tourism Trends 2025
- The Luxury Playbook - Athens Real Estate Market Overview
- Statista - Residential Real Estate Greece Market Forecast
- Greek City Times - Property Regulations in Mykonos and Santorini