The islands of the Cyclades, Lefkada and Kefalonia in the Ionian Sea, as well as the capital Athens and the nearby islands are today the most expensive areas to invest in the real estate market across Greece.
According to research by the British group Astons, which specializes in investor migration, the Greek market remains among the best choices for foreign, especially British, investors, because even the most expensive regions seem particularly affordable compared to rival destinations abroad.
According to Astons, the average house price related to sales in the Cyclades reached EUR 222,348 in 2020, an increase of about 6 percent compared to the average price of EUR 210,000 in 2019.
House prices in Lefkada last year recorded 8.7 percent annual growth, averaging EUR 165,000, compared to 151,790 euros at the end of 2019. In Athens, the country’s fourth most expensive area, housing prices averaged EUR 157,415, up 3 percent year-on-year.
The average sales price across the country was EUR 131,030, an increase of 2.7 percent compared to 2019, when the average price was EUR 127,600.
Astons notes that the Cyclades will remain in the focus of foreign investors, especially those with significant incomes, because their priority is the quality of life when buying real estate, even if it is to the detriment of returns.
