Engel & Völkers: geographic breakdown and price trends in the second-home market

This is based on the Market Report 2026 by Engel & Völkers Greece on the second-home market, which records the sector’s transition from a recovery phase to an era of sustainable growth and strengthening of the premium segment.

As noted by the CEO of Engel & Völkers Greece, Giorgos Petras, the Greek real estate market has definitively moved beyond a simple recovery phase, with investors now approaching property markets in a markedly more strategic manner. The focus, he explains, is shifting toward architectural innovation, high construction quality, energy efficiency, and sustainability, while buyers are seeking properties that combine privacy, exceptional views, and close proximity to the natural environment.

Indicative Average Prices per Square Meter (2026)

Key Market Trends

Limited supply remains one of the key factors supporting property values in several areas across the country. In Mykonos, the suspension of new building permits continues to restrict available stock, sustaining prices at high levels. Similarly, in markets such as Hydra and Spetses, strict architectural regulations contribute to maintaining scarcity and property value.

At the same time, there is a growing trend toward “turnkey” properties—fully completed and ready for immediate use—as well as residences incorporating “eco-luxury” features, such as bioclimatic design, energy autonomy, and modern high-spec infrastructure.

Cyclades: Paros in the Lead

Within the Cyclades, Paros is emerging as the most dynamic market, with increased construction activity and strong investment interest. Demand is gradually expanding toward the eastern side of the island, in areas such as Ysterni and Tsoukalia, where buyers are seeking greater privacy.

Mykonos maintains its position as a leading international luxury residential destination, with prices starting at €7,500 per square meter, while Santorini continues to attract strong demand for premium properties in Caldera-facing areas such as Oia and Imerovigli.

At the same time, Syros, Tinos, and Andros are strengthening their presence as alternative destinations with an authentic character and year-round livability. Antiparos remains one of the most exclusive markets in the country, attracting ultra-high-net-worth buyers.

Ionian Islands and the Peloponnese in Focus

In the Ionian Islands, Corfu is among the most mature holiday home markets, with its northeastern coastline—particularly the Kassiopi area—attracting strong investor interest linked to the yachting lifestyle.

Lefkada continues to benefit from easy road access, while Paxos retains its character as a limited and highly selective market. Kefalonia, especially Fiskardo, continues to attract buyers seeking a combination of natural beauty and investment potential.

In the Peloponnese, Porto Heli remains a top destination for the domestic and international elite, while Messinia is gaining strong momentum thanks to the international reputation of Costa Navarino. At the same time, Laconia and Corinthia are emerging as new investment hotspots, leveraging improved accessibility and their authentic landscapes.

Halkidiki and the Dodecanese

Halkidiki continues to attract buyers from Central Europe and the Balkans, with high-end beachfront properties reaching up to €14,000 per square meter. In the Dodecanese, Rhodes benefits from strong air connectivity and high yields from short-term rentals, while Symi retains its distinctive character as a market for buyers interested in preserved neoclassical properties.

The overall picture presented by the Engel & Völkers 2026 report is one of a market that remains highly attractive to international capital, with high-quality, supply-constrained areas continuing to concentrate the greatest investment interest.