- Mykonos and Paros most expensive locations – up to 12,000 euros per square meter.
- Demand expands to emerging islands like Symi and Naxos.
- Focus on energy efficiency, modern architecture, and year-round accessibility.
Holiday properties on the Greek islands continue to enjoy strong international popularity, as highlighted in the latest Engel & Völkers Market Report Greece. The report examines the development of the holiday property market in the Cyclades, the Dodecanese, the Peloponnese region, the Argo-Saronic Islands, and the Halkidiki Peninsula. Demand follows clear trends: In addition to a prime location, factors such as energy efficiency, modern architecture, and good year-round accessibility are playing an increasingly important role. Moreover, interest is expanding beyond well-known international hotspots. “Beyond popular destinations like Mykonos, Paros, Santorini, or Rhodes, smaller and previously less-developed islands are increasingly coming into focus for buyers,” explains Georg Petras, CEO of Engel & Völkers Greece. “Whether for personal use or as a retirement investment, buyers are looking for premium properties that combine Mediterranean lifestyle with long-term value potential.”
Continued top prices for premium and luxury properties in international hotspots
The Cyclades in the Southern Aegean have been among Greece’s most internationally sought-after destinations for years. Mykonos, in particular, continues to attract High Net Worth Individuals, keeping property prices consistently high: prime villas on the island can reach prices of around 12,000 euros per square meter. Nearby Paros also draws buyers from around the globe, offering a compelling mix of authentic villages and modern architecture. Properties with sea views are especially in demand here, also commanding prices of up to 12,000 euros per square meter. Santorini appeals to international buyers with its traditional Cycladic architecture and iconic views over the Caldera volcano. Here, prices reach up to 7,500 euros per square meter. On Antiparos and Kythnos-Kea, demand for premium properties remains strong as well, with top prices of up to 9,800 and 9,000 euros per square meter respectively. By contrast, more affordable opportunities can still be found on islands like Naxos, Syros, Andros, and Tinos, where entry-level prices begin at around 2,300 euros per square meter.
On the islands of the Dodecanese, villas in prime locations on Rhodes are particularly sought after, with prices reaching up to 6,750 euros per square meter. The island benefits from strong tourism and the development of new luxury resorts, further boosting its appeal. On nearby Symi, known for its distinctive neoclassical houses, top properties command prices of up to 6,000 euros per square meter. “Symi is one of my insider tips,” says Georg Petras. “Buyers appreciate the island’s charm and authentic atmosphere, which remains relatively untouched by mass tourism. Prices are still moderate, and Symi offers excellent investment potential amid rising demand.”
In the Peloponnese region, Argolida ranks among the most internationally sought-after areas. The coastal town of Porto Heli, often referred to as the “Greek Saint-Tropez,” has become a magnet for both Athenians and international High Net Worth Individuals. Alongside numerous new luxury residences, the region also boasts a thriving short-term rental market, which is increasingly attracting foreign investors. Premium villas here reach prices of up to 6,000 euros per square meter. In Messinia, properties close to beaches, golf courses, and upscale resorts are especially in demand, with top prices of up to 5,500 euros per square meter. More affordable entry points can be found in Corinthia and Laconia, where high-quality properties in prime locations start at around 2,000 euros per square meter. Both regions offer buyers access to a dynamic market with strong potential for short-term rental income.
The historically significant Argo-Saronic Islands continue to attract a discerning international clientele – including artists, entrepreneurs, politicians, and affluent investors – thanks to their quick accessibility from Athens. On Hydra, property prices reach up to 7,500 euros per square meter, while neighboring Spetses sees top prices of up to 6,500 euros per square meter. In northern Greece, the Halkidiki Peninsula is also drawing strong interest from international investors. Here, premium beachfront villas can command prices of up to 10,000 euros per square meter.
Demand becomes more strategic – increasing focus on appreciation potential
“Prices on the Greek islands are still very moderate compared to other Mediterranean second-home markets, offering good entry opportunities in many areas,” explains Georg Petras. Engel & Völkers has recently observed a significant increase in transactions – especially in prime coastal and island regions. Around 85 percent of these transactions are made by foreign buyers. Buyer groups vary by region and often come from Western Europe, the US, Lebanon, Israel, the Balkans, and Turkey. The focus of demand is frequently on villas with pools and sea views, while in the premium segment, direct beach access is a highly sought-after feature.
In addition to a top lifestyle, buyers are increasingly paying attention to long-term appreciation potential, making energy efficiency and good year-round accessibility ever more important. Furthermore, demand is expanding beyond established locations to include smaller islands. “Many regions still offer strong investment potential due to growing tourism and attractive rental yields,” adds Georg Petras.
Outlook: Continued Price Growth Expected in the Premium Segment
Engel & Völkers expects stable demand and moderate price increases for properties in prime locations throughout the rest of the year. In some regions, such as Mykonos, building permit freezes restrict new construction until 2030, further tightening supply and driving prices upward. “The Greek islands benefit from a sustained demand surplus in the premium holiday property segment, an increasingly investor-friendly environment, and the appeal of long-term rental opportunities. These factors support a continued positive market development,” Georg Petras concludes.
The full market report is available here for download in English: Engel & Völkers Market Report Greece 2025.
Engel & Völkers is marketing this charming traditional stone house overlooking the picturesque harbor of Symi for 800,000 euros. Spread across approximately 140 square meters of living space, the property features four bedrooms, three bathrooms, and an open-plan kitchen with living and dining area. A true highlight of the home are the courtyards and terraces, arranged over two levels and shaded by mature trees. These outdoor spaces include an open-air kitchen and several seating areas with stunning views of the harbor – perfect for relaxed island living. The property also includes a small independent guesthouse, offering one bedroom, one bathroom, and its own private terrace.
Engel & Völkers is currently marketing this stunning sea view villa on Paros for 2.9 million euros. The property offers approximately 365 square meters of living space, featuring five bedrooms and six bathrooms. Set on a generous plot of around 4,200 square meters, the outdoor area includes multiple terraces, a swimming pool, a jacuzzi, a private chapel, and sweeping views over the Aegean Sea – an exceptional setting for luxury island living.
This villa, listed by Engel & Völkers for €4 million, is located in a prime position on Mykonos and showcases the elegance of traditional Cycladic architecture. Spanning approximately 400 square meters, the property offers eight bedrooms, eight bathrooms, and several open-plan living and dining areas with adjoining kitchen spaces. Set within a peaceful coastal landscape, the villa boasts a spectacular outdoor area featuring multiple terraces, a swimming pool, and unobstructed panoramic sea views – offering the perfect combination of privacy, style, and island charm.
