Greece Second Home Μarkets
Message from the CEO
The Greek real estate market continued its upward trajectory throughout 2024 and now, at the midpoint of 2025, it is maintaining strong momentum and a renewed sense of confidence. Demand from both domestic and international buyers remains consistently high, fueled by a clear appetite for quality, lifestyle-driven investments in Greece’s most desirable destinations.
Our activity over the past year has confirmed that interest in Greece is not only stable, but steadily expanding. We’ve seen significant increases in viewings, property valuations, and completed transactions— particularly in premium coastal and island locations. Greece continues to appeal not only to holiday home seekers, but also to investors looking to build longterm value.
Market Insights and Buyer Behavior
Across the country, buyer preferences are evolving. Today’s clients are more strategic—placing growing emphasis on energy efficiency, modern architecture, and locations that offer both natural beauty and yearround accessibility. Whether purchasing for personal use, rental income, or portfolio diversification, buyers are seeking properties that combine lifestyle benefits with strong long-term potential.
George Petras CEO, Engel & Völkers Greece
From iconic coastal areas to emerging mainland hubs and world-famous islands, the fundamentals remain robust. What ties all of these regions together is a consistent demand for high-quality living, exceptional construction, and environments that promote wellness, connectivity, and return on investment.
Looking Ahead with Confidence
As we move through 2025, we do so with clarity and purpose. This market is no longer defined by recovery— it is characterized by sustained evolution. Preferences are shifting, expectations are rising, and the Greek real estate landscape is more equipped than ever to meet these demands.
At Engel & Völkers Greece, our mission is to provide the insight, integrity, and local expertise our clients trust. With an expanding national presence and a passionate, experienced team on the ground, we remain fully committed to guiding buyers and sellers through every opportunity with confidence and care.
The future of real estate in Greece isn’t just promising— it’s already unfolding.
Warm regards,
Paros
Cyclades Islands
Paros has emerged as one of the most attractive real estate destinations in the Cyclades, offering a unique balance between authentic island charm and modern lifestyle amenities. With its picturesque villages, crystal-clear beaches, and growing infrastructure, the island is drawing increasing interest from both domestic and international buyers. This report explores the current dynamics of the Paros real estate market, highlighting key trends, pricing patterns, investment potential, and the areas experiencing the highest demand.
Average Price per m2: Paros:
€ 6.000-12.000/m2
The percentage of foreign buyers choosing Paros for property purchases ranges between 60–70%. The buyers in Paros are mostly French, Swiss, Germans and Israelis.
No matter the price, the three things buyers consistently ask for in Paros are a villa with a pool and a sea view.As the budget increases, preferences become more refined. The next key criterion for higher-budget clients is location— specifically, being close to the sea (beachfront).However, the first three priorities remain consistent, regardless of budget.
Paros is experiencing a surge in hotel development alongside the construction of large luxury villas. Despite this growth, there remains a notable shortage of smaller villas—typically under 170 m²—that continue to sell rapidly due to strong demand. This gap presents attractive opportunities for investors targeting mid-sized holiday homes in a flourishing market with expanding tourism infrastructure.
Specifically, the following trends are observed:
For sale • Serenity Luxe Retreat Villas
Stunning 2-bedroom villas and a magnificent 4-bedroom villa, designed for ultimate comfort and relaxation in Isterni, Paros.
• Paros had continuous growth in recent years; however, the market has now stabilized and is likely to continue steadily but strongly.
• Paros continues to see steadily increasing activity, with strong demand for properties supported by a healthy flow of construction projects from developers. Although hotel occupancy rates are slightly lower compared to last year, the market remains robust, offering opportunities for investors amid ongoing tourism growth.
Popular areas:
In Paros, the area between Naoussa and Ambelas shows the highest demand. The coastline between Punda and Agia Irini follows as the second most popular location among buyers and investors.
Mykonos
Cyclades Islands
The Mykonos real estate market continues to capture global attention as one of Greece’s most dynamic and sought-after property destinations. Renowned for its cosmopolitan lifestyle, iconic architecture, and strong tourism appeal, the island has become a magnet for high-net-worth individuals and international investors. This report provides a comprehensive overview of current market trends, investment opportunities, pricing developments, and buyer profiles, offering valuable insights into the evolving landscape of real estate on Mykonos.
Average Price per m2: Mykonos: € 7.500-12.000/m2
The percentage of foreign buyers choosing Mykonos for property purchases ranges between 60–70%.The foreign buyers choosing Mykonos are coming from countries such as Italy,Lebanon and France.
No matter the price, the three things buyers consistently ask for in both islands are a villa with a pool and a sea view. As the budget increases, preferences become more refined. The next key criterion for higher-budget clients is location—specifically, being close to the sea (beachfront). However, the first three priorities remain consistent, regardless of budget.
Mykonos, new construction projects have effectively come to a halt due to a permit freeze, which is expected to continue until 2030. This regulatory pause limits supply growth and reinforces the island’s scarcity-driven market dynamics, preserving property values but restricting new investment opportunities.
Specifically, the following trends are observed:
• Mykonos has experienced a market decline of around 30%, with an even larger drop within some companies of about 60%.
• In Mykonos, the ongoing freeze on new construction permits is shifting buyer interest toward ready-to-move-in properties. This emphasis on existing homes intensifies competition in the resale market, as no new developments are expected until at least 2030.
Popular areas:
On Mykonos, the western side of the island commands the highest demand in the real estate market, primarily due to its proximity to Mykonos Town and its uninterrupted sunset views. Following closely are the areas of Agios Ioannis and Aleomandra, known for their tranquility, highend development, and exclusive residential character. Lastly, eastern coastal locations such as Ftelia, Kalafatis, and Kalo Livadi are also experiencing growing interest— particularly among buyers seeking larger properties in more serene, beachfront settings.
• Myconian Emerald
A splendid Cycladic villa with breathtaking sunrise views and an expansive Aegean Sea panorama located on Mykonos island. For sale
Syros
Cyclades Islands
Nestled in the heart of the Cyclades, Syros combines cosmopolitan charm with traditional Greek elegance, making it a unique and increasingly attractive destination for property investment. As the administrative and cultural capital of the region, the island offers a vibrant year-round economy, a well-preserved neoclassical architectural heritage, and growing tourism appeal.
Average Price per m2: Syros: €2.500/m2
The percentage of foreign buyers choosing Syros for property purchases is about 60%.The foreign buyers choosing Syros are coming from countries such as the United Kingdom,USA, Australia, Germany,Lebanon and Israel.
In Syros, the highest demand is observed for properties located near the sea, particularly those offering unobstructed sea views. Buyers typically seek homes with at least 2 to 3 bedrooms, making them suitable for families or use as vacation rentals. While features such as private pools are considered attractive extras, they are not viewed as essential by the majority of buyers. This trend highlights a preference for spacious, well-located residences that blend comfort with proximity to the coastline.
Syros is demonstrating robust investment potential driven by a surge in new accommodation projects and vacation rentals. Alongside hotel development, the proliferation of Airbnb-style rentals is reshaping the residential landscape, with increased listings reflecting strong demand from tourists and second-home buyers.
Specifically, the following trends are observed:
• Recent regulatory changes, particularly the increase in the minimum investment threshold for the Greek Golden Visa program, have had a significant impact on market dynamics in Syros. The heightened threshold has led to a noticeable decline in qualified foreign investor leads, affecting overall demand in the upper property segments.
• At the same time, the market is characterized by limited supply, as relatively few properties are listed for sale. This is largely due to the low selling incentive among local owners, driven by the region’s modest investment power and stable, long-term property holding culture. The combination of regulatory shifts and supply constraints is shaping a cautious but closely watched real estate landscape.
Popular areas in the region:
“Vaporia – located on the southern side of the island, extending from Megas Gialos to Finikas.”
For sale • Newbuilt Villa with Sea Views
A newly built 197 sq.m. villa, set on a generous 8,800 sq.m. plot with 80 productive olive trees, located just 1 km from the stunning Kini and Delfini beaches.
Kythnos-Kea Cyclades Islands
Kythnos and Kea, two of the closest Cycladic islands to Athens, are emerging as attractive destinations for both vacationers and real estate investors. With their authentic charm, traditional architecture, and rapidly improving infrastructure, these islands offer a compelling alternative to more saturated markets in the Aegean. Easy access from the mainland—particularly via the port of Lavrio—makes them ideal for weekend getaways and second homes. As interest in sustainable and tranquil living continues to grow, Kythnos and Kea are gaining momentum as prime locations for residential development, boutique hospitality, and long-term investment.
Average Price per m2: Κynthos: €4.500-9.000 m2
The property buyer profile in Kythnos reflects a growing and diverse demand base, shaped by the island’s accessibility and unspoiled character. The 40% consists of Greek urban buyers, particularly from Athens, who seek holiday homes or weekend retreats within easy reach of the mainland. These buyers—typically upper-middle-class professionals, families, and retirees— favor detached houses or plots to build custom summer residences that blend traditional Cycladic aesthetics with modern amenities. Diaspora Greeks from Europe, the United States, and Australia also represent a strong segment, often motivated by a desire to reconnect with their heritage or invest in longterm property assets. Lastly, 60% consists of foreign buyers, mainly from France, Germany, and Italy.
For sale • Impressive Villa with Pool
An exceptional property located on the southeast side of Kythnos, just 14.5 km from the bustling port of Merichas.
Average Price per m2:
m2
The buyer profile in Kea reflects a blend of local Greek demand and rising international interest, driven by the island’s accessibility and natural appeal. Greek buyers, who are the 40%— primarily families and professionals from Athens and nearby regions—continue to seek holiday homes and rental-income properties, favoring well-connected areas like Korissia and Ioulida. The foreign buyers are the 60% and are coming especially from Germany, the UK, France, and North America—attracted by Kea’s quieter charm compared to overcrowded hotspots.
The most in-demand properties in both Kea and Kythnos are waterfront villas featuring private pools and unobstructed sea views, combining privacy with direct beach access. At the same time, there is steady and growing interest in detached houses, not in isolated locations, but situated within or near established villages—such as Loutra, Kanala, and Chora in Kythnos, or Ioulida and Otzias in Kea.
Investment in Kythnos and Kea is growing, with different development trends on each island. Kythnos sees limited tourism infrastructure, with no large hotels but increasing construction of villas within residential complexes, supported by infrastructure upgrades like the southern road improvements. In Kea, investment is stronger, featuring a new large luxury resort and numerous standalone villas, though development is sometimes hindered by land plots lacking permits or proper zoning. Both islands show rising activity in villa projects, attracting private buyers and small investors focused on tourism and second homes.
Popular areas
In Kythnos, the most popular and sought-after area is Agios Dimitrios, where demand for villas and detached houses is particularly high due to its peaceful atmosphere and good access to beaches and essential amenities. Similarly, in Kea, the Koundouros and Otzias areas stand out as the most desirable locations, attracting strong investment interest for seaside properties offering stunning views and convenient access to beaches and local facilities.
Andros
Cyclades Islands
Andros, the northernmost island of the Cyclades, is steadily emerging as a prime destination for second-home buyers seeking authenticity, natural beauty, and easy accessibility. Just two hours by ferry from Rafina port and with a well-preserved architectural character, the island attracts discerning buyers looking for a more tranquil alternative to overdeveloped Aegean destinations. Known for its lush landscapes, neoclassical villages, and extensive hiking trails, Andros offers a diverse real estate portfolio—from restored stone houses in traditional settlements to newly built villas with sea views. The island’s growing appeal is supported by a stable domestic market and increasing interest from international buyers, positioning it as a rising opportunity for lifestyle-driven investments and long-term value growth.
Andros currently presents a moderate investment profile, with limited large-scale development activity. No major hotel constructions are underway, and tourism has slowed slightly in recent years, partly due to the absence of strong travel agency networks on the island. The most common form of new investment involves the renovation of old houses, which are repurposed into small-scale hospitality units or boutique rentals, often by individual investors or small operators. A notable trend affecting the market is the impact of recent zoning legislation, which has created challenges in verifying the building potential of land plots— particularly in the island’s many small settlements. As a result, there is an abundance of land parcels and rural plots, but navigating their legal and urban status requires significant bureaucracy and time, slowing down development momentum.
Average Price per m2: Andros: €2.300-3.100/m2
The profile of holiday home buyers in Andros reflects a mix of domestic and international demand, driven by the island’s proximity to Athens and its blend of nature, tradition, and understated elegance. The 50% of buyers are Greek nationals, particularly from Athens, seeking easily accessible second homes for weekend getaways or longer summer stays. These buyers typically belong to the upper-middle income bracket and favor detached houses or villas with sea views, either in traditional villages or near popular beaches. The other 50% consists of foreign buyers—mainly from France, Italy, Switzerland, and occasionally the UK and Israel.—have shown growing interest, drawn by the island’s low-key character, neoclassical charm, and less commercialized environment compared to other Cycladic destinations.
In Andros, the properties with the highest demand are detached houses or villas with sea views, ideally located close to the coastline or within easy reach of organized beaches.
The most desirable layout includes at least two bedrooms and two bathrooms, making the property suitable for family use or short-term rental income. There is also a clear preference for homes that come with a private plot of land, even if small, allowing for outdoor living, gardening, or future expansion.
Popular areas in the region:
In Andros, the area with the highest real estate demand stretches from Fellos to Paleopolis, encompassing the key coastal settlements of Gavrio, Batsi, and Ano Aprovatou. This zone combines ease of access from the port, proximity to organized beaches, and a mix of traditional charm with modern amenities—making it the most attractive for second-home buyers. Batsi remains particularly popular due to its tourist infrastructure and vibrant seafront, while Gavrio offers strategic appeal as the island’s main entry point. Properties in this area benefit from sea views, developed road networks, and access to shops and services, making them ideal both for personal use and seasonal rentals.
Enchanting 253 sqm residence nestled on a sprawling 4,829 sqm lot just 10 minutes from Chora, the vibrant capital of Andros For sale • Spacious Residence with Pool and Lush Landscape
Tinos Cyclades Islands
Tinos, one of the most authentic and culturally rich islands of the Cyclades, has been gaining quiet but steady traction in the real estate market for second homes. Known for its traditional villages, unique architecture, and spiritual heritage, Tinos appeals to buyers seeking a more serene and meaningful island experience. While it remains less commercialized than its neighboring islands, its accessibility from Athens, untouched landscapes, and low-density development have turned it into a rising destination for discerning Greek and international buyers. The island’s growing popularity is reflected in increased demand for holiday homes that combine Cycladic charm with modern comforts, making Tinos a market with strong lifestyle value and long-term potential for appreciation.
Average Price per m2: Tinos: €3.000-3.900/m2
The buyer profile in Tinos is predominantly international, with approximately 70–80% of buyers coming from abroad. The majority originate from Germany, Northern European countries (such as the Netherlands, Belgium, and Scandinavia), as well as the United States and Canada. These buyers are typically drawn to the island’s authenticity, natural beauty, and low-key atmosphere, preferring locations with traditional character, sea views, and privacy. Many are looking for holiday homes with long-term value, often with the intention to renovate traditional houses or build custom-designed villas that blend with the local landscape. A strong emphasis is placed on aesthetic quality, sustainability, and integration into the island’s architectural heritage.
For sale • Traditional House with panoramic views
Traditional Cycladic residence, located in the heart of the picturesque village of Triandaros on Tinos island
In Tinos, demand is primarily focused on detached houses and apartments ranging from 60 to 120 sq.m., ideally located near coastal villages and built in accordance with the island’s traditional architectural style. Buyers are drawn to properties that blend Cycladic charm with modern comfort, and particular value is placed on authenticity, views, and integration with the natural landscape. Renovated homes or new constructions that respect local aesthetics tend to attract the most interest, especially when they offer proximity to the sea, privacy, and rental potential.
Real estate demand in Tinos increased in 2024 compared to the previous year, driven mainly by foreign buyers seeking authentic yet functional holiday homes. The outlook for 2025 is stable to slightly upward, supported by continued interest in properties suitable for short-term rental use. A notable trend is the growing demand for traditional homes with renovation potential, as buyers look to combine lifestyle value with investment returns. This shift reflects a broader movement toward sustainable tourism and respect for the island’s architectural heritage.
Popular areas:
The area with the highest real estate demand in Tinos is Chora (Tinos Town), thanks to its central location, port access, and year-round amenities. It is followed by Pyrgos and Panormos, which attract buyers seeking traditional architecture, artistic heritage, and proximity to scenic coastal spots. These locations combine accessibility, authenticity, and investment potential, making them top choices for both second-home buyers and investors.
Antiparos
Cyclades Islands
Antiparos has evolved into one of the most exclusive destinations in the Cyclades, combining understated luxury with natural beauty and privacy. Known for its laid-back charm, crystal-clear waters, and proximity to Paros, the island has become a magnet for high-net-worth individuals and international buyers seeking second homes that offer both seclusion and sophistication. The limited land availability, strict building regulations, and low-density development contribute to the island’s premium real estate appeal, positioning Antiparos as a niche but high-value market in the Greek property landscape.
Average Price per m2: Antiparos: €6.400 – 9.800 m2
Many are lifestyle-driven purchasers rather than investors, valuing the relaxed pace of life and the exclusivity that Antiparos offers within the Cycladic real estate market.
The Antiparos real estate market is characterized by strong demand for villas and detached houses ranging from 90 to 160 sq.m., ideally located near the sea and in quiet, exclusive areas. Buyers prioritize properties that offer privacy, minimalism, and harmony with the natural landscape, often opting for homes that blend Cycladic architecture with modern comfort. Limited supply in such premium locations continues to support the island’s high-end positioning.
For sale • “Antiparos Infinity Villa”
In Antiparos, approximately 75% of property buyers are foreign nationals, primarily from Italy, the United Kingdom, and Germany. These buyers are typically drawn to the island’s discreet charm and natural beauty, seeking second homes that offer privacy, authenticity, and proximity to the sea.
In 2024, demand for residential properties in Antiparos increased by approximately 12% compared to the previous year, with a positive outlook for 2025. The most sought-after areas include the main town (Chora), Soros, and Agios Georgios, where proximity to the sea and exclusivity drive interest. A notable market trend is the rising demand for properties suitable for short-term rental, while a limited supply of buildable plots with valid permits poses a challenge for new development and further fuels competition for existing homes.
Nestled between the renowned beaches of Soros and Apantima, this property offers a rare blend of tranquility and elegance, just steps away from a secluded sandy shore.
Santorini Cyclades Islands
Santorini stands as one of the most iconic and sought-after destinations in the Mediterranean, combining dramatic volcanic landscapes with world-famous sunsets and Cycladic architecture. As a global tourism hotspot, the island continues to attract high-net-worth individuals and lifestyle-driven investors seeking premium holiday homes and properties with strong rental potential. While supply remains limited due to strict planning regulations and the island’s unique topography, demand remains robust—particularly in prime areas such as Oia, Imerovigli, and Fira. Santorini’s real estate market is characterized by high property values, strong yield opportunities, and a stable international demand base, positioning it as a key player in Greece’s luxury and second-home property segment.
Average Price per m2: Santorini: €4.500 – 7.500 m2
In Santorini, approximately 80–85% of property buyers are international, with the majority coming from the United States, United Kingdom, Germany, and Italy. These buyers are typically seeking luxury holiday homes, boutique accommodations, or investment properties with strong short-term rental potential. Their preferences lean toward premium locations with caldera views, authentic Cycladic architecture, and high return prospects in the island’s well-established tourism market.
The Santorini market shows consistently high demand for luxury villas and suites ranging from 70 to 150 sq.m., particularly those offering unobstructed views of the caldera and proximity to central settlements such as Fira and Oia. Buyers prioritize properties that combine privacy, premium finishes, and strong rental appeal, often targeting homes that can function both as a private retreat and an income-generating asset. The island’s unique landscape and strict building regulations further enhance the value of well-located, high-end properties.
In 2024, real estate demand in Santorini shifted noticeably, with fewer investment-driven buyers and a growing interest from individuals seeking affordable second homes. This shift is largely attributed to temporarily lower prices, which many perceive as an opportunity. Despite Santorini’s established global brand, new development is limited, as no new building permits are currently issued; only projects based on older approvals are being completed. Additionally, the market has been negatively impacted (up to -40%) by concerns over recent seismic activity, which received disproportionate media attention abroad, affecting buyer confidence. The current trend suggests stabilization, with moderate recovery expected as confidence gradually returns.
Naxos
Cyclades Islands
Naxos, the largest island in the Cyclades, is gaining momentum as a key destination for second-home buyers and lifestyle investors. Known for its blend of natural beauty, fertile landscape, traditional villages, and long sandy beaches, Naxos offers a more balanced and authentic island experience compared to its more saturated neighbors. Its year-round population, improved infrastructure, and growing appeal among both domestic and international buyers have positioned it as an emerging market in the Aegean real estate landscape. With a diverse property mix—from renovated village homes to newly built villas near the coast—Naxos combines lifestyle value with long-term investment potential, especially in areas with tourism growth and rental demand.
Average Price per m2: Νaxos: €3.700-4.800/m2
The holiday home buyer profile in Naxos is diverse, reflecting the island’s wide appeal and balanced development. A small portion(10%) of buyers are Greek nationals, many of whom are based in Athens or Northern Greece, seeking a spacious, family-friendly second home with rental potential. In recent years, international demand has increased steadily, particularly from buyers in the UK, Germany, Italy, Australia,Canada, Israel and more recently, the USA. These foreign buyers are typically looking for authenticity, privacy, and proximity to beaches, and often favor newly built villas, renovated traditional houses, or plots with building potential. Many are lifestyle-driven investors, interested in using the property themselves while also generating income through short-term rentals. Sustainability, local character, and access to infrastructure (like the airport and ferry port) are common priorities across all buyer groups.
In Naxos, the highest demand is concentrated on villas and detached houses ranging from 80 to 150 sq.m., ideally with sea views or close proximity to the beach.
Buyers show a strong preference for newly built or fully renovated properties that offer privacy and can also serve as tourist rentals during the summer season. Locations near popular beaches or within or close to traditional settlements, such as Chora (Naxos Town), are particularly attractive. Properties that blend modern comfort with Cycladic charm are especially appealing to both domestic and international buyers looking for second homes with income potential.
In 2024, real estate demand in Naxos increased by approximately 16% compared to the previous year, driven primarily by international buyers seeking holiday homes with rental potential.
The outlook for 2025 remains upward, supported by enhanced tourism visibility and improved infrastructure. Notably, there has been a 10–15% rise in prices, particularly for villas and seafront properties, due to sustained foreign interest. However, the limited supply of high-quality properties in premium locations has created a supply-demand imbalance. Demand is also increasingly driven by buyers looking to capitalize on short-term rental opportunities (e.g., Airbnb), further boosting the island’s investment appeal.
Popular areas:
The area with the highest real estate demand in Naxos is Chora (Naxos Town), due to its port access, year-round activity, and traditional Cycladic character. Its combination of infrastructure, services, and charm makes it highly attractive for both second-home buyers and investors. Following closely are the coastal areas of Agios Prokopios, Agia Anna, and Plaka, which are in high demand thanks to their proximity to some of the island’s most popular beaches. These locations offer a strong balance between leisure, rental potential, and property value appreciation, making them top choices for buyers seeking either lifestyle or investment opportunities.
Rhodes
Dodecanese Islands
Rhodes is the largest and most densely populated of the Dodecanese islands, spanning about 80 km in length and home to around 125,000 residents .It enjoys over 3,000 hours of sunshine per year, making it ideal for year-round living. The most popular areas in Rhodes for buying a property vary depending on the buyer’s goals—whether for residential living, holiday use, or investment/rental yield. The top locations are Rhodes Town , Lindos, Ialyssos and Ixia, Afandou and Kalithea, Faliraki.
Rhodes attracts strong interest due to its excellent climate, its affordability concerning property prices, its strong rental returns, the excellent accessibility with direct flights to many EU countries and seasonal flights worldwide and of course the sun-soaked lifestyle that it offers, which is an appealing package for both lifestyle seekers and savvy investors.
Average Price per m2: Lindos area: €6.750/m2
The percentage of foreign buyers choosing Rhodes for property purchases ranges between 60–65%, with buyers coming from countries such as Germany, the United Kingdom, France, Belgium, Italy, Greece and Israel. These are European families, retirees, or professionals looking for a second home in the sun.The are also Individuals or funds seeking rental yield and capital appreciation.
For sale • State of The Art Contemporary Villa in Pefkos
A stunning contemporary villa with south orientation and wonderful panoramic sea views located in the very sought-after Pefkos village.
The real estate market in Rhodes demonstrates strong demand across several key property types. High interest is observed in villas with pools and sea views, primarily driven by foreign investors targeting the short-term rental (Airbnb) market. Detached houses between 80–150 sq.m. are also sought after, serving both as permanent residences and holiday homes. In urban and suburban zones such as Ialysos, Rhodes Town, and Koskinou, apartments ranging from 80–120 sq.m. attract consistent interest, particularly from local buyers and long-term investors. Additionally, land plots, both within and outside urban planning zones, remain appealing due to their development potential for seasonal or rental properties, further supported by the island’s growing tourism infrastructure.
The investment potential of Rhodes has been particularly strong in recent years, due to the combined growth in the tourism, construction, and real estate sectors
Average Price per m2: Rhodes Town: €3.900/m2
Average Price per m2: South Rhodes: €4.500/m2
Average Price per m2: West Rhodes: €3.650/m2
Average Price per m2: Symi: €3.900/m2
Specifically, the following trends are observed:
• New tourist units – luxury resorts are increasing in Kiotari, Lardos/Pefki, and Lindos.
• Tourist bookings for 2025: Already 12–15% higher compared to 2024.
• Short-term rentals (Airbnb): Yield of up to 5–7% gross annual return in popular areas
• The Golden Visa program has become stricter (requiring properties worth €800,000+ in tourist areas), but Rhodes continues to attract strong interest due to prices remaining below that threshold.
• Construction costs have increased by 12–15% since 2022, affecting new developments.
Popular areas in the region:
• Lindos: HOT SPOT of the island! Ideal for luxury investments and short-term rentals.
• Rhodes Town & Ialysos: Suitable for primary residences and investment apartments.
• Afandou & Kolymbia: Perfect for holiday homes near the sea with good returns, and close enough to the town for those who want to live on the island year-round.
Sylvia Glebocka Head of Second Home
Symi
Dodecanese Islands
Symi—a small but stunning island near Rhodes in the Dodecanese—is increasingly gaining attention as a niche real estate destination. While less mainstream than Rhodes, its charm, architecture, and exclusivity make it a hidden gem for specific types of buyers.
Average Price per m2: Villas >200m2:
€2500-3500/m2
€3500-6000/m2
Average Price per m2: Houses <150m2:
€1800-3350/m2
€3000-4500/m2
Symi attracts a distinct profile of foreign buyers, primarily from Western Europe, including the UK, Germany, France, and Italy. The island appeals to heritage and culture enthusiasts who appreciate its well-preserved neoclassical architecture and traditional character. Additionally, retirees and remote workers are drawn to Symi’s serene, car-free environment, which offers a relaxed and authentic lifestyle. The market also sees interest from boutique investorslooking to develop guesthouses or upscale holiday rentals, capitalizing on the island’s niche appeal and high-end seasonal tourism.
Symi offers strong niche investment potential, particularly for buyers seeking exclusivity, heritage value, and long-term appreciation. While the island has a smaller and more selective market compared to nearby Rhodes, its architectural restrictions and preservation laws have created a supply-limited environment where well-maintained neoclassical homes command premium prices. The growing appeal of authentic, low-density destinations has increased interest from high-net-worth individuals, boutique hospitality investors, and culture-oriented buyers. Though rental income is seasonal, properties in prime locations such as Gialos and Chorio can generate attractive yields in the high-end short-term rental market.
With ongoing interest in experiential tourism and protected Greek island towns, Symi presents a compelling long-term value proposition for investors focused on quality over scale.
Demand is on the rise compared to 2024, and a further increase is expected in the coming months— driven in part by the island’s unique positioning for Golden Visa eligibility at the €400,000 threshold.
A grand Symian mansion dating back to 1894, located in Gialos (Symi harbour). For sale • “Exceptional Symian Mansion”
Argolida
Peloponnese
Argolida is one of the most mature and internationally recognized destinations for residence and tourism in Greece, and it stands out as a key luxury investment destination in the Greek real estate market.
Porto Heli has been established as the Greek “SaintTropez” for the Athenian and international elite, while Nafplio is a multifaceted destination with a strong historical, touristic, and cultural identity—ideal for high-quality living and tourism development.
Average Price per m2:
Porto Heli – Costa – Ververonda €4.000 - 6.000/m2
Argolida attracts strong interest due to its brand prestige, proximity to Athens (2 hours), solid infrastructure, and unique combination of tourism, culture, and nature. Porto Heli draws high-net-worth investors seeking discreet luxury, while Nafplio appeals both to alternative investors and to individuals looking for steady capital appreciation in city residences with tourism potential.
Average Price per m2: Νafplio – Palamidi – Palia Poli €2.500 - 4.000/m2
The percentage of foreign buyers choosing Argolida for property purchases ranges between 60–75%, with buyers coming from countries such as the United Kingdom, Germany, France, Belgium, the United States, Switzerland, Israel and Greece. These are high-income investors, families, and couples with elevated expectations, seeking second homes, lifestyle properties, or income-generating holiday residences. Many are repeat visitors or buyers with a long-standing connection to the region.
Argolida offers a mature and continuously evolving market, ideal for long-term investments with prospects for income, capital appreciation, and portfolio diversification—particularly in the sector of high-quality tourism and holiday real estate.
In the heart of the sought-after Costa in Porto Heli, this property of approximately 350 sqm spans 3 levels and sits on a 2,000 sqm plot For sale • “Villa Layla” in Porto Heli
Specifically, the following trends are observed:
• Development of new luxury residences and complexes in Porto Heli, often backed by foreign funding
• Significant increase in investments for the renovation of classic homes in Nafplio, aimed at Airbnb or boutique accommodation use
• Expansion of the short-term rental market, with excellent occupancy rates, especially from May to October
• Growing preference for sustainable, energy-efficient homes that retain traditional architectural elements
• Moderate but steady capital appreciation, particularly for plots with sea frontage or panoramic views
Popular areas in the region:
• Porto Heli – Costa – Hinitsa – Ververonta: Elite zones offering high privacy and premium property prices
• Nafplio – Old Town – Pronia – Palamidi: Preserved historic buildings, strong tourist flow, and high foot traffic
• Ermioni – Thermisia: A steadily growing market with villas and small resorts
• Epidaurus – Kandia – Iria: Accessible holiday homes with rental potential
Vicky Spanou Sales Manager - Peloponnese
Corinthia
Peloponnese
Corinthia is a rapidly developing real estate market. Its combination of proximity to Athens and the Eleftherios Venizelos Airport (just 1 to 1.5 hours by car), rich natural environment (sea and mountains), tourist attractions, and modern infrastructure has made the area especially attractive to investors and second-home buyers, offering steady prospects for capital appreciation.
Average Price per m2: Loutraki / Perachora
€2.500-3.500/m2
Properties for sale in the 17th arrondissement and Neuilly-sur-Seine are up 13% since September, with loan interest rates at between 3.20% and 3.40%.
Average Price per m2: Xylokastro / Κiato / Derveni
€2.000 - 3.000/m2
Corinthia attracts a wide range of buyers—from families seeking a nearby holiday home to investors targeting stable rental income or capital gains through resale. Its strong connection to Athens via road and suburban railway, along with the region’s easy accessibility, are key strategic advantages.
The percentage of foreign buyers choosing Corinthia for property purchases ranges between 55–65%, with buyers coming from countries such as Holland, Germany, Belgium, the United Kingdom, France, Scandinavia and Greece. Buyers typically have the profile of European retirees and middle- to high-income couples, Athenians investing in a holiday home near the capital, and professionals seeking properties for short-term rentals or resale with capital appreciation.
Corinthia stands out as a strategically located, high-potential real estate market with strong prospects for long-term returns, appealing to a diverse mix of buyers. Its blend of natural beauty, accessibility, and infrastructure makes it one of the most promising areas for second-home investment and tourism-driven real estate in mainland Greece.
Specifically, the following trends are observed:
• Increase in small-scale tourism hospitality investments, mainly in Loutraki and the wider coastal zone
• Development of seaside plots for mid- to high-end residential housing
• Dynamic short-term rental market, with strong occupancy during the summer months
• Growing interest in eco-friendly homes and energy-efficient construction
Popular areas in the region:
Loutraki: High tourist activity, access to thermal springs, casino, and beach
Xylokastro – Derveni: Low-density tourism development, ideal for discreet luxury residences
Kiato – Vrachati: Emerging areas with excellent accessibility and relatively affordable property prices
Elegant, multi-level villa, set on a spacious 2,500 sq.m. plot and just 3 km from the sea
For sale • Elegant villa with seaview
Laconia
Peloponnese
Laconia is an emerging yet still moderately developed destination in the southern Peloponnese, known for the authentic character of its settlements, its rich historical heritage (Monemvasia, Sparta, Mystras), and its abundant natural beauty (Gytheio, Elafonisos, Mani). The region’s profile emphasizes low-impact, sustainable development that preserves local identity—an approach that is making it increasingly attractive for second-home purchases and long-term investments.
Average Price per m²: Gytheio / Eastern Mani: Μonemvasia / Plytra / Elafonisos: Sparta: €2.000-3.200/m2 €2.500-3.800/m2 €1.200-1.700/m2
The percentage of foreign buyers choosing Lakonia for property purchases ranges between 50–65%, with buyers coming from countries such as Germany, Austria, Holland, Switzerland, the United Kingdom, France, the United States and Greece. Buyers typically have the profile of affluent European retirees, digital nomads, couples, and families seeking connection with nature, low tourism intensity, safety, and authenticity. Additionally, there is interest from Greeks investing in holiday or tourism properties with income-generating potential.
Laconia attracts buyers who seek tranquility, authenticity, culture, and natural beauty, offering a strong price-to-value ratio combined with long-term stability. The region’s upward trend over the past 3–5 years is further supported by its avoidance of overdevelopment, which distinguishes it from other areas in the country.
For sale • Stone-Built Maisonette
A majestic stone-built maisonette of 152 sqm, just a breath away from the sea, located in the idyllic coastal village of Neos Oitylo in Eastern Mani.
Specifically, the following trends are observed:
• Increased investment in small-scale tourist accommodations (boutique hotels, stone-built suites)
• Strong potential for short-term rentals (Airbnb) with high occupancy rates during the summer season
• Growing interest in agritourism and thematic tourism (wine tourism, hiking, archaeology)
• Shift in buyer preferences toward sustainable homes within traditional settlements
• High investment interest from both Greek and international companies in low-density coastal residential or hospitality developments
Popular areas in the region:
• Monemvasia: Historic settlement with high demand for property renovations
• Gytheio & Mavrovouni: Seaside residences and strong short-term rental potential
• Eastern Mani (Areopoli, Limeni): Preserved stone-built properties with unique character and atmosphere
• Plytra – Pachounari – Elafonisos: Destinations known for crystal-clear waters and dynamic development potential
Messinia
Peloponnese
Messinia has become one of the most up-and-coming areas of investment interest in Greece. The combination of outstanding natural beauty, cultural heritage, mild tourism development, and international investments (e.g., Costa Navarino) has significantly increased the value of the destination for both residential and tourism-related use.
Average Price per m²:
Pylos / Gialova / Costa Navarino:
€3.000-5.500/m2
Kalamata – Verga – Μikri Mantineia:
€2.500-4.000/m2
Κoroni / Foinikounta / Stoupa / Κardamyli:
€2.000-3,800/m2
Demand for high-specification properties in the region has increased dramatically over the past five years, primarily due to the tourism and institutional development in Costa Navarino, as well as the international exposure of the area. Buyers focus on quality, natural beauty, and low-impact development, with a clear preference for residences near beaches, golf courses, and organized tourist resorts.
The percentage of foreign buyers choosing Messinia for property purchases ranges between 60–75%, with buyers coming from countries such as Germany, the Netherlands, Austria, France, the United Kingdom, the United States, Israel and Greece.
The buyer profile mainly includes European and American retirees or second-home seekers, investors in tourism properties (such as Airbnb rentals and villas), members of the Greek diaspora, as well as families from Athens looking for a high-quality holiday home.
Messinia combines natural beauty, international exposure, and a low-impact development approach, making it an attractive destination for long-term and diversified investments in the holiday and tourism real estate sector.
Popular areas in the region:
• Pylos / Gialova / Costa Navarino: Investment hub with a globally recognized brand
• Kalamata – Verga – Mikri Mantinia: Ideal for combining city living with coastal access
• Kardamyli – Stoupa – Trachila: Alternative tourism with well-preserved traditional architecture
• Koroni / Finikounda / Methoni: Picturesque seaside locations with stable long-term value
For sale • Luxury villa in Costa Navarino
Exquisite villa, situated on the serene Rolling Hills of Costa Navarino in Pylos
Hydra, Spetses
Argosaronic Islands
Hydra and Spetses are two of the most cosmopolitan, architecturally preserved, and historically rich island destinations in Greece. Their easy access from Athens (2–2.5 hours), car-free environment, maritime heritage, and traditional architecture make them prestigious destinations for discerning investors and lifestyle-oriented buyers.
Average Price per m2: Hydra:
€5.000-7.500/m2
Average Price per m2: Spetses:
€4.000-6.500 m2
The percentage of foreign buyers choosing Corinthia for property purchases ranges between 70–85%, with buyers coming from countries such as the United Kingdom, Germany, France,Belgium, the United States, Israel and Greece. Buyers on these islands are typically high-income investors, artists, entrepreneurs, and politicians, primarily seeking second homes, value preservation, and short-term rental opportunities.
Investment in Hydra and Spetses is considered low-risk and high-value, offering strong income potential, especially in properties that meet luxury living standards.
Specifically, the following trends are observed:
• Shift of investors toward purchasing and renovating heritage properties
• High returns from short-term rentals (Airbnb, boutique hospitality), with daily revenues ranging from €300 to €1,200 per night• Strong interest in eco-luxury homes that are energy-efficient yet harmonize with traditional aesthetics
For sale • Luxury restored historic mansion
Extraordinary historical mansion, located on the captivating island of Hydra
The real estate market in Hydra and Spetses caters to investors seeking scarcity, long-term value appreciation, prestige, and high-end lifestyle. The limited property supply, preserved traditional settlements, and the islands’ strong tourism and cultural appeal create an exceptionally competitive and secure environment for luxury investment.
• Significant presence of yacht tourism, adding considerable value to properties near marinas or with easy sea access
Halkidiki
Halkidiki
Halkidiki is a prominent peninsula in Northern Greece, situated southeast of Thessaloniki, the nation’s second-largest urban center. Geographically distinct for its three-pronged formation, Halkidiki comprises three sub-peninsulas—Kassandra, Sithonia, and Mount Athos— each offering unique characteristics and real estate dynamics.Halkidiki has a population of approximately 100,000 permanent residents, but this number multiplies during the summer, as it is a major domestic and international tourist destination.
Average Price per m²: Low -demand areas:
2
Halkidiki has emerged as a highly attractive destination for second-home buyers, driven by its exceptional natural beauty, strategic location, and investment potential. Known for its crystal-clear waters, Blue Flag beaches, and the unique landscape of its three peninsulas—Kassandra, Sithonia, and Athos—Halkidiki offers a blend of seaside charm and forested tranquility. Its close proximity to Thessaloniki, just over an hour’s drive away, enhances accessibility, making it ideal for both domestic and regional buyers seeking frequent getaways. The region supports a high quality of life, with rich lifestyle offerings including golf courses, marinas, fine dining, and luxury resorts, while also maintaining a relaxed and authentic character.
For sale • A unique aesthetic villa” in Sithonia Halkidiki
A masterpiece of modern architecture in the uniqueness of the Kastri area in Nikiti Sithonia, a few steps from the infinity of the absolute blue of the sea.
The majority of property buyers come from abroad, with Central Europe being the leading region of origin, accounting for approximately 40% of total interest. Within this group, German-speaking buyers from Germany and Austria dominate, followed by buyers from France and the United Kingdom.
The second largest group of interested buyers consists of those from the Balkans, representing 30–35% of total demand. Among them, interest is led by buyers from Bulgaria, followed by Serbia, Romania, and North Macedonia.Lastly, there is also significant interest from buyers from Israel and Turkey, each driven by different motivations.
Real estate in Halkidiki is increasingly seen as a solid investment, with rising property values and strong short-term rental prospects driven by seasonal tourism. Compared to more saturated island markets like Mykonos or Santorini, Halkidiki offers relatively affordable property prices without compromising on quality or appeal. Cultural and historical attractions, such as traditional villages and the monastic heritage of Mount Athos, further enrich the destination’s year-round desirability.
Specifically, the following trends are observed:
• Property values in Halkidiki have been rising at ~7.2% annually over the past five years, outpacing the Greek national average of ~5.4%
• For 2025, moderate price growth of around 5–10% is expected, particularly in high-demand coastal zones
• Coastal towns such as Pefkohori, Paliouri, Polychrono, Hanioti, Nikiti, and Elani are among the most sought-after, with strong rental income potential.
• The sustained rise in tourism supports healthy occupancy and yields, with a growing focus on high-season rentals
Popular areas in the region:
• Pefkohori,Hanioti, Polichrono in Kassandra attract those seeking nightlife and accessibility.
• Nikiti,Vourvourou, Neos Marmaras in Sithonia appeal to nature lovers and high-end buyers looking for privacy.
• Ouranoupoli in Athos offers plenty of boutique resorts and attracts growing interest in premium properties.
Theodoros Nikolaou
Sales Manager - Halkidiki