Asking prices for holiday homes in Greece jumped by up to 50% between 2019 and mid-2025, driven largely by foreign demand, according to a new analysis by Spitogatos Insights.
Based on holiday home searches, the strongest interest came from the United States, the United Kingdom, Germany, the Netherlands and France.
According to the data, the Ionian Islands recorded the steepest increase, with the average asking price reaching €2,390/square meter, up from €1,600/sq.m. in 2019 – a 49.3% jump. The Aegean islands followed with €2,778/sq.m. (up 39%), while Crete rose 40.4% to €2,105/sq.m.
Based on Spitogatos’ research, the Cyclades remain the most expensive market. In Mykonos, in the second quarter of this year, the average price reached €7,143/sq.m., followed by Antiparos (€6,391/sq.m.), Paros (€5,000/sq.m.) and Folegandros (€4,951/sq.m.). Surprisingly, Santorini was lower at €4,211/sq.m., while Andros recorded the most affordable prices in the region at €2,120 per sq.m.
A recent survey by Elxis-At Home in Greece, a company that specializes in the sales of holiday homes to foreign buyers, reached similar conclusions. It found that the average price of a newly built villa with a garden and swimming pool rose by 10.2% over the past year to €4,675/sq.m., compared to €4,243/sq.m. in 2024, €3,675/sq.m. in 2023 and €3,458/sq.m. in 2022. Therefore, from 2022 to 2025, prices have increased by 35%, a performance that has acted as a magnet for more foreign buyers.
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