Greek Holiday Property Prices Continue to Rise

• 17 January, 26

Since 2019, Greece’s holiday home market has remained on a strong upward trajectory, with property prices rising sharply. According to the latest data, by 2025 the average asking price for Greek holiday homes has increased by nearly 50% compared to 2019. Market analysis indicates that strong demand from foreign buyers is the key driver behind this price growth.

Ionian Islands Record the Highest Price Growth

According to analysis by Spitogatos Insights, the Ionian Islands have seen the most significant price increases nationwide. The average asking price for holiday homes in the region has reached €2,390 per square meter, up from €1,600 in 2019—representing a 49.3% increase over seven years.

Aegean Islands and Crete Rise in Tandem

Holiday property prices in the Aegean Islands have also performed strongly. In 2025, the average asking price in the region climbed to €2,778 per square meter, up from €2,000 in 2019—an increase of about 39%. Crete has experienced a similarly notable rise, with average asking prices increasing from €1,500 per square meter in 2019 to €2,105, a gain of 40.4%.

US and European Buyers Lead Demand

Data show that the countries with the strongest interest in searching for Greek holiday homes include the United States, the United Kingdom, Germany, the Netherlands, and France. Buyers from these countries have not only fueled growth in high-end island markets but have also intensified price competition in popular locations.

Cyclades Islands Top the National Price Rankings

Among all Greek islands, the Cyclades command the highest holiday property prices. In the second quarter of 2025, Mykonos recorded the highest average asking price nationwide at €7,143 per square meter. Antiparos followed at €6,391, Paros at around €5,000, and Folegandros at €4,951. By comparison, Santorini’s average price was slightly lower at €4,211, while Andros was the most affordable island in the Cyclades, at approximately €2,120 per square meter.

New Hotspots Emerging in the Ionian Islands

Within the Ionian Islands, Paxos is emerging as a new investment hotspot, with an average asking price of €3,509 per square meter. Lefkada and Ithaca follow at €3,269 and €2,353 respectively, while Corfu remains relatively more affordable, with an average asking price of about €2,222 per square meter.

Argosaronic Islands Benefit from Proximity to Athens

Thanks to their proximity to the greater Athens area, the Argosaronic Islands’ holiday property market has also attracted significant attention. Hydra stands out with an average asking price of €6,500 per square meter, while Spetses averages around €4,106, reflecting the islands’ clear high-end market positioning.

Newly Built Villas Up 35% in Three Years

Another survey further confirms the upward price trend. In 2025, newly built villas with gardens and swimming pools reached an average price of €4,675 per square meter, up 10.2% from 2024. Looking back over the past three years, prices for this type of property rose from €3,458 per square meter in 2022 to €4,675 in 2025—a cumulative increase of 35%, further attracting a growing number of international investors to Greece’s holiday property market.

Cre: Ekathimerini