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Fri, Aug

High Demand Pushes Up Summer Home Prices on Greek Islands

High Demand Pushes Up Summer Home Prices on Greek Islands

Hellenic Shipping News

The Greek islands, long celebrated as one of the world’s most

The Greek islands, long celebrated as one of the world’s most desirable holiday destinations, are now experiencing unprecedented demand for summer homes. Both domestic and international buyers are driving prices upward, making island real estate one of the most dynamic sectors in the country.

Strong price growth across island markets

According to recent data, average asking prices for homes have soared across Greece’s island regions over the past six years.

  • In the Ionian Islands, prices have climbed nearly 50% since 2019, reaching €2,389 per sq. m.
  • On Crete, the average stands at €2,105 per sq. m., reflecting a 40% increase.
  • The Aegean Islands show the steepest rise, with prices averaging €2,778 per sq. m., up almost 39% compared to 2019.

Foreign interest is also strong. The top five countries seeking property on Greek islands are the United States, the United Kingdom, Germany, the Netherlands, and France.

Cyclades remain the crown jewel

The Cyclades, home to world-famous destinations such as Mykonos, Paros, and Santorini, remain the most sought-after summer home locations. Prices in most islands are climbing, with standout increases of over 20% recorded in Antiparos and Folegandros in the past year. Mykonos, Antiparos, and Paros remain the most expensive options in the

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