Luxury Home Prices Soar, Doubling in Five Years

Luxury residential property prices have surged, doubling over the past five years, according to real estate agents, reflecting the booming high-end housing market.

This sharp rise extends beyond Mykonos and Santorini to the Ionian and Dodecanese islands, where properties on Meganisi and Kefalonia command up to €20,000 per square meter.

Agents note that the challenge often lies in finding suitable properties, not buyers, as demand remains strong.

Foreign buyers, increasingly from the US and Asia, have expanded significantly, marking a new trend in the market.

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