The 2 cheapest islands in the Cyclades to buy a house

Data from the well-known real estate services company Engel & Völkers Greece.

Andros is currently the cheapest island in the Cyclades to buy a house. Tinos follows with the lowest prices, starting from 2,000 to 2,500 euros per square metre.

Of course, at the opposite end is Mykonos, where prices start at 5,500 euros and can reach an average of 12,000 euros per sq.m.

The data comes from the well-known real estate services company Engel & Völkers Greece, which, precisely because of the high interest in the Greek islands, is expanding its presence in the Cyclades with a new branch in Naoussa, Paros.

Engel & Völkers has seen a significant increase in property sales in the region, highlighting the strong demand for luxury properties in the Cyclades islands.

Indicatively, in Paros, the prices start from 3,500 euros per sq.m. they reach 10,000 euros on average without, of course, excluding much higher figures for luxurious constructions with special architectural elements, even in Antiparos.

According to the company, the investment interest in the Cyclades is mostly buyers from the German-speaking regions, Germany – Austria – Switzerland, followed by the citizens of America and the United Kingdom.

This is then followed by France and the countries of the Mediterranean such as Italy and Spain.

As mentioned, “the growing desire of foreigners to spend their holidays in the Cyclades islands has a positive effect on Greek tourism, leading to an increased demand for a second home either for owner-occupation or investment interest.

“The extension of the tourist season can be attributed to the reliable air connections between the islands and mainland Greece and direct flights from many cities abroad.

“In addition, modern regional airports, ports, infrastructure investments and luxury resorts complement the natural beauty of the Greek islands.”

The most expensive options include, as is reasonable, Santorini, with prices from 5,500 to 10,000 euros, followed by Kea, given the connection the island now has to Athens, with prices varying from 3,500 euros to 6,500 euros.

Stefania Souki is a columnist for New Money. Translated by Paul Antonopoulos.

READ MORE: Proposed Tax and Regulation Changes on Short-Term Rentals to Encourage Long-Term Housing Solutions in Greece.