Cheapest Greek Island to Buy Property: Top Affordable Choices
Ktimatoemporiki Real Estate - 2025-05-21
Home > Greece Property News > Cheapest Greek Island to Buy Property: Top Affordable Choices
If you’ve got your eye on property in Greece but want to keep things affordable, the cheapest Greek island to buy property on might be the perfect place to start. While popular islands like Mykonos and Santorini are known for their luxury real estate, many other Greek islands offer stunning properties at much more reasonable prices. Whether you're seeking a vacation home, a permanent residence, or an investment property, there are several Greek islands where property prices are significantly lower, offering excellent opportunities for buyers on a budget.
In this blog, we’ll highlight the most affordable Greek islands for property buyers, showing you where to find great deals without losing the island charm and lifestyle.
To begin with, buying property in Greece is an appealing option for many, thanks to the country’s year-round sunny climate, rich culture, and spectacular scenery. However, the cost of property can vary greatly depending on the island. While islands like Mykonos and Santorini are known for their high property prices, less touristy islands provide affordable alternatives with beautiful surroundings, offering both tranquility and convenience.
Purchasing property on one of the cheaper Greek islands also provides great potential for long-term investment. Many of these islands are becoming more popular among tourists, and as demand increases, property values are likely to rise. Additionally, these areas offer a quieter, more peaceful lifestyle, making them perfect for those looking to escape the hustle and bustle of more crowded destinations.
If you’re looking for an affordable property in Greece, here are some of the cheapest Greek islands to buy property:
Located just an hour from Athens, Kea (also known as Tzia) offers a tranquil escape from the mainland. Property prices on Kea are much lower compared to the more famous Greek islands. You can find properties ranging from €50,000 for small homes or apartments to €200,000 for larger villas. The island’s proximity to Athens makes it a perfect location for both permanent residents and vacation home buyers. Kea is ideal for those looking for a quieter lifestyle, with stunning nature, picturesque villages, and charming local culture. It remains relatively undiscovered by mass tourism, which helps keep property prices low.
View all available listings in Kea on this page!
Evia, Greece’s second-largest island, offers great value for money. Properties on Evia can range from €40,000 for smaller homes to €150,000 for more spacious villas. The island is known for its rich natural beauty, with forests, mountains, and beaches. It is also easily accessible from Athens, making it an attractive destination for both long-term residents and those seeking a peaceful vacation spot. Evia offers a blend of rural charm and proximity to the mainland, making it an appealing and affordable option for buyers looking to live on an island without being too isolated.
View all available listings in Evia on this page!
3. Naxos
Although Naxos is one of the larger islands in the Cyclades, it is still one of the most affordable islands for buying property in Greece. While the popular islands like Mykonos or Santorini are far more expensive, Naxos offers relatively affordable homes. Prices for villas in Naxos range from €60,000 to €150,000, with properties near the coast generally being more expensive. Naxos is known for its beautiful beaches, traditional villages, and historical sites. It’s a great choice for those seeking an authentic Greek experience, with a lower cost of living compared to its more famous counterparts.
View all available listings in Naxos on this page!
Leros, located in the Dodecanese, is a small yet picturesque island with a fascinating history and great potential for property buyers. Property prices here are among the most affordable in Greece, with homes starting as low as €40,000. Larger properties can be found for around €150,000. Leros is ideal for those looking for a peaceful, less commercialized island with charming beaches and a welcoming local community. Its affordability makes it an excellent option for first-time buyers or those looking for a second home.
View all available listings in Leros on this page!
Located in the Northern Sporades, Alonissos is a peaceful and less touristy island known for its natural beauty and clear waters. Property prices here are quite affordable compared to more popular Greek islands. It's a perfect choice for those seeking a quiet, authentic Greek island lifestyle without the high property costs.
View all available listings in Alonissos on this page!
The affordability of these islands is due to several factors:
At Ktimatoemporiki, we specialize in helping clients find the most affordable properties in Greece, including the cheapest Greek islands to buy property. Our team of experts can guide you through every step of the property-buying process, from selecting the ideal location to legal paperwork and finalizing the purchase. Whether you’re looking for a charming cottage, a seaside villa, or an investment property, we’re here to ensure you get the best value for your money.
Contact Ktimatoemporiki today to explore affordable property options on the best Greek islands for investment and living!
Check out our articles for valuable insights, market updates, and expert advice on real estate!
Stay connected with Ktimatoemporiki on social media for the latest property updates, real estate news, and expert insights!
1. Which Greek island is the cheapest to buy property on?
Some of the cheapest Greek islands to buy property on include Kea, Evia, Naxos, Leros, and Kastellorizo. These islands offer lower property prices compared to more famous tourist destinations.
2. How much does property cost on the cheapest Greek islands?
Property prices on these islands generally range from €40,000 to €200,000, depending on the size, location, and type of property.
3. Can foreigners buy property on Greek islands?
Yes, foreigners can buy property in Greece. There are no restrictions for EU citizens, and non-EU citizens can purchase property through Greece’s Golden Visa program.
4. Are properties on these islands a good investment?
Yes, many of these islands are seeing increased interest from tourists and investors, which can result in potential rental income and long-term appreciation in property values.
5. How can Ktimatoemporiki assist with buying property on a Greek island?
Ktimatoemporiki offers expert guidance in selecting the right property, negotiating prices, handling legal documentation, and ensuring a smooth transaction.
In this blog, we’ll highlight the most affordable Greek islands for property buyers, showing you where to find great deals without losing the island charm and lifestyle.
Why Consider Buying Property on the Cheapest Greek Islands?
To begin with, buying property in Greece is an appealing option for many, thanks to the country’s year-round sunny climate, rich culture, and spectacular scenery. However, the cost of property can vary greatly depending on the island. While islands like Mykonos and Santorini are known for their high property prices, less touristy islands provide affordable alternatives with beautiful surroundings, offering both tranquility and convenience.
Purchasing property on one of the cheaper Greek islands also provides great potential for long-term investment. Many of these islands are becoming more popular among tourists, and as demand increases, property values are likely to rise. Additionally, these areas offer a quieter, more peaceful lifestyle, making them perfect for those looking to escape the hustle and bustle of more crowded destinations.
Cheapest Greek Islands to Buy Property
If you’re looking for an affordable property in Greece, here are some of the cheapest Greek islands to buy property:
1. Kea (Tzia)
Located just an hour from Athens, Kea (also known as Tzia) offers a tranquil escape from the mainland. Property prices on Kea are much lower compared to the more famous Greek islands. You can find properties ranging from €50,000 for small homes or apartments to €200,000 for larger villas. The island’s proximity to Athens makes it a perfect location for both permanent residents and vacation home buyers. Kea is ideal for those looking for a quieter lifestyle, with stunning nature, picturesque villages, and charming local culture. It remains relatively undiscovered by mass tourism, which helps keep property prices low.
View all available listings in Kea on this page!
2. Evia
Evia, Greece’s second-largest island, offers great value for money. Properties on Evia can range from €40,000 for smaller homes to €150,000 for more spacious villas. The island is known for its rich natural beauty, with forests, mountains, and beaches. It is also easily accessible from Athens, making it an attractive destination for both long-term residents and those seeking a peaceful vacation spot. Evia offers a blend of rural charm and proximity to the mainland, making it an appealing and affordable option for buyers looking to live on an island without being too isolated.
View all available listings in Evia on this page!
3. Naxos
Although Naxos is one of the larger islands in the Cyclades, it is still one of the most affordable islands for buying property in Greece. While the popular islands like Mykonos or Santorini are far more expensive, Naxos offers relatively affordable homes. Prices for villas in Naxos range from €60,000 to €150,000, with properties near the coast generally being more expensive. Naxos is known for its beautiful beaches, traditional villages, and historical sites. It’s a great choice for those seeking an authentic Greek experience, with a lower cost of living compared to its more famous counterparts.
View all available listings in Naxos on this page!
4. Leros
Leros, located in the Dodecanese, is a small yet picturesque island with a fascinating history and great potential for property buyers. Property prices here are among the most affordable in Greece, with homes starting as low as €40,000. Larger properties can be found for around €150,000. Leros is ideal for those looking for a peaceful, less commercialized island with charming beaches and a welcoming local community. Its affordability makes it an excellent option for first-time buyers or those looking for a second home.
View all available listings in Leros on this page!
5. Alonissos
Located in the Northern Sporades, Alonissos is a peaceful and less touristy island known for its natural beauty and clear waters. Property prices here are quite affordable compared to more popular Greek islands. It's a perfect choice for those seeking a quiet, authentic Greek island lifestyle without the high property costs.
View all available listings in Alonissos on this page!
Why Are These Islands More Affordable?
The affordability of these islands is due to several factors:
- Lower Tourist Demand: These islands attract fewer tourists than popular destinations like Mykonos or Santorini, resulting in lower property demand and, consequently, lower prices.
- Lesser Infrastructure Development: Many of these islands are less developed in terms of infrastructure and amenities, which can contribute to more affordable property prices.
- Local Economy: The economy on these islands is often less reliant on tourism, and the local population may not have the same purchasing power as in more developed areas.
How Ktimatoemporiki Can Help
At Ktimatoemporiki, we specialize in helping clients find the most affordable properties in Greece, including the cheapest Greek islands to buy property. Our team of experts can guide you through every step of the property-buying process, from selecting the ideal location to legal paperwork and finalizing the purchase. Whether you’re looking for a charming cottage, a seaside villa, or an investment property, we’re here to ensure you get the best value for your money.
Contact Ktimatoemporiki today to explore affordable property options on the best Greek islands for investment and living!
Check out our articles for valuable insights, market updates, and expert advice on real estate!
Stay connected with Ktimatoemporiki on social media for the latest property updates, real estate news, and expert insights!
Frequently Asked Questions (FAQs)
1. Which Greek island is the cheapest to buy property on?
Some of the cheapest Greek islands to buy property on include Kea, Evia, Naxos, Leros, and Kastellorizo. These islands offer lower property prices compared to more famous tourist destinations.
2. How much does property cost on the cheapest Greek islands?
Property prices on these islands generally range from €40,000 to €200,000, depending on the size, location, and type of property.
3. Can foreigners buy property on Greek islands?
Yes, foreigners can buy property in Greece. There are no restrictions for EU citizens, and non-EU citizens can purchase property through Greece’s Golden Visa program.
4. Are properties on these islands a good investment?
Yes, many of these islands are seeing increased interest from tourists and investors, which can result in potential rental income and long-term appreciation in property values.
5. How can Ktimatoemporiki assist with buying property on a Greek island?
Ktimatoemporiki offers expert guidance in selecting the right property, negotiating prices, handling legal documentation, and ensuring a smooth transaction.
