Vacation Home Prices on Mykonos and Santorini: A Comparative Analysis with Mainland Greece

When considering vacation homes in Greece, it's important to understand the varying price ranges across different regions. This article delves into the average asking prices for vacation homes in Mykonos and Santorini, comparing them with properties located on the mainland of Greece.

Overview of Average Asking Prices in Greece

The average asking prices for real estate in Greece can vary significantly depending on the region. According to recent data from REMAX, the average asking price in Attica (Athens area) ranges from €6,975/m2 to €1,220/m2.

Vacation Home Prices in Cyclades

The Cyclades islands are known for their stunning beauty and luxury vacation homes. Mykonos, often referred to as the capital of the Cyclades, leads the rankings with an average asking price of €6,936/m2. In contrast, Syros, the beautiful capital, has the lowest average price of €2,000/m2.

Vacation Home Prices in Sporades

The Sporades islands are known for their picturesque beauty. Skiathos leads with an average asking price of €2,955/m2, while Skopelos, with its equally captivating landscapes, has the lowest average price of €1,933/m2.

Argosaronic Gulf and Hydra

The Argosaronic Gulf, including Hydra, can be an excellent choice for a vacation home. Hydra tops the rankings with an average asking price of €5,000/m2, offering unique charm and a peaceful setting. Salamis, located in the Gulf, has the lowest average price of €1,417/m2.

North Eastern Aegean

In the North Eastern Aegean, Ikaria leads with an average asking price of €1,709/m2, while Samos has the lowest with €867/m2. This variation reflects the unique characteristics and attractions of each island.

South Eastern Aegean

The South Eastern Aegean has Patmos at the top with an average asking price of €3,774/m2, while Leros, known for its beautiful beaches, has the lowest average price of €1,508/m2.

Ionian Seven Islands

The Ionian islands, particularly Paxi, top the rankings with an average asking price of €3,175/m2. Kerkyra (Corfu), known for its rich history and culture, has the lowest average price of €2,122/m2.

Crete

On the island of Crete, Chania leads with an average asking price of €2,245/m2, while Heraklion, the capital, has the lowest price of €1,560/m2. Each area offers unique properties that cater to various preferences and budget constraints.

Comparison with Mainland Greece

When comparing vacation home prices on the Cyclades and Sporades islands with those on the mainland of Greece, several notable differences emerge. Mainland areas like Attica often have higher prices due to their proximity to the city and greater infrastructure. For instance, Attica's prices range from €6,975/m2 to €1,220/m2, while several Cyclades and Sporades islands have average prices much lower, often below €3,000/m2.

Conclusion and Tips for Buyers

Understanding the varying prices and characteristics of vacation homes on different Greek islands is crucial for potential homebuyers. Whether you are looking for luxury accommodations on Mykonos or a more affordable option on Skopelos, there is a wide range of choices available. Always consider factors such as location, amenities, and your desired lifestyle when making your decision.

For more detailed information and to explore different options, it is advisable to consult with local real estate agents or brokers who can provide insider knowledge and assist in the purchasing process.

Keywords: vacation homes Mykonos, Santorini property prices, Greece real estate