Greek islands continue to be a coveted real estate investment destination for international buyers, thanks to a combination of the state’s financial recovery, a number of government incentives and the ever-expanding tourist season.

The Cyclades are at an all-time high when it comes to average asking prices for properties, with cosmopolitan hub Mykonos and sophisticated Antiparos taking up the two top spots, while Santorini, Paros, Paxoi, Skiathos, Hydra, Patmos, and Crete complete the list. Compared to last year, interest for Cycladic homes for sale seems to be on the rise, with the United States, the UK, Germany, France and Switzerland leading in relevant searches.

The Saronic Gulf is another key player in the summer home hunt, thanks to its proximity to the capital and coastal elegance, with Aegina, a timeless and lush hideout, sitting comfortably at the top of the in-demand list.

The increase in foreign interest for island dwellings has also resulted in a boost for construction activity; more specifically, volume of construction in Crete reached 37.4% and 38.1% in Western Greece.

It is important to note that potential buyers with a view to obtaining citizenship through the Greek Golden Visa scheme in 2025 should be prepared for a drastic shift in island property prices, as the investment minimum for 32 Greek islands, as well as luxury staples Mykonos and Santorini, will skyrocket from €250,000 to €800,000, according to the new provisions to be enforced after August 31, 2024.