Why Corfu is One of the Cheapest Greek Islands to Buy Property (2025 Guide)

Greece is known for its beautiful islands, but not all of them are budget-friendly. Among them, Corfu stands out as one of the cheapest Greek islands to buy property. With its stunning landscapes, welcoming culture, and rich history, Corfu offers incredible value for those seeking a second home or an investment property in Greece.

In this guide, we’ll explore why Corfu is a cost-effective option, highlighting property prices, local trends, and the benefits of investing on this island in 2025.

Start your search for affordable properties at Chase Real Estate Corfu.

Why Corfu is Affordable Compared to Other Greek Islands

1. Lower Property Prices Than Other Popular Islands

Corfu has maintained affordable property prices when compared to more expensive islands like Santorini, Mykonos, and Crete. While these islands cater to the luxury market, Corfu offers properties at a range of prices, including budget-friendly options perfect for first-time buyers, retirees, or investors.

Mykonos Villas: €1M+
Santorini Villas: €800K+
Corfu Villas: €200K–€500K

Whether you’re looking for an apartment, a villa, or even land for development, Corfu remains more affordable in the Greek islands market.

2. Strong Demand, Yet More Balanced Than Tourist Hotspots

While Corfu attracts its fair share of tourists, it’s not as crowded as the likes of Mykonos or Santorini. This balanced demand allows for a more stable market, which keeps property prices relatively low.

What this means for buyers:

Affordable rent for long-term residents and vacation properties.
Steady demand without overwhelming competition for available properties.
Potential for value growth without the volatility of more saturated markets.

3. Less Commercialization and Overdevelopment

In comparison to more famous islands, Corfu has avoided large-scale commercialization and overdevelopment. While the island has experienced growth, it has done so in a way that retains much of its traditional charm, creating a more attractive market for budget-conscious buyers.

This slower-paced development allows you to find affordable homes without worrying about overcrowding or loss of character.

Affordable Property Types in Corfu

1. Apartments and Flats

Corfu offers a wide range of apartments and flats that are affordable yet still provide access to modern amenities. These properties often offer the best value for those who want to live in the heart of Corfu Town or near popular beaches but at a lower price than villas.

Prices: €80,000–€150,000
Location: Corfu Town, Dassia, Ipsos
Ideal For: First-time buyers, retirees, or those looking for rental income.

2. Villas and Houses

While luxury villas can be expensive, there are still plenty of affordable villas and traditional stone houses in Corfu. These properties typically offer larger living spaces and a more private lifestyle compared to apartments.

Prices: €150,000–€500,000 (depending on location and size)
Location: Paleokastritsa, Agios Gordios, Perama
Ideal For: Investors, large families, or those seeking a vacation home with stunning views.

3. Land for Sale

For those looking to build their dream home or capitalize on future development, Corfu offers plenty of affordable land. Land in areas like Lefkimmi, Benitses, or even rural outskirts can be bought at much lower rates than the more commercialized zones.

Prices: From €40,000–€200,000 for larger plots
Location: Rural areas or outskirts of Corfu Town
Ideal For: Developers, custom home builders, or long-term investors.

What’s Driving Corfu’s Affordable Property Market in 2025?

1. Ongoing Infrastructure Improvements

Corfu’s infrastructure is improving, with better roads, utilities, and public transportation. These enhancements contribute to the long-term viability of property investments, without significantly increasing costs in the short term.

2. Rising Interest from Foreign Buyers

In recent years, more international buyers have turned to Corfu for its more affordable properties compared to other Mediterranean destinations. This has helped maintain stable growth in property prices without the extreme surges seen in other popular islands.

3. A Booming Rental Market

The tourism sector in Corfu continues to thrive, with rental properties being in high demand year-round. This supports the market for affordable vacation homes and long-term rentals, which offers investors a good return on their property.

How to Find Affordable Property for Sale in Corfu

Work with a local real estate agent: Choose a trusted local agent who knows the market and can help you find properties that fit your budget. Check out Chase Real Estate Corfu.
Focus on up-and-coming areas: Explore locations with growth potential, like Perama, Benitses, and Paleokastritsa, for affordable options.
Consider renovation properties: Older homes and stone houses can be bought at lower prices and renovated to your specifications.

Common Questions About Buying Property in Corfu

Is Corfu really one of the cheapest Greek islands?
Yes, compared to more popular islands like Santorini or Mykonos, Corfu offers a more affordable range of properties, especially in areas slightly off the beaten path.

Can I buy property as a foreigner in Corfu?
Yes! Both EU and non-EU buyers can legally buy property in Corfu, though there are some restrictions in border areas for non-EU citizens.

What is the average cost of a house in Corfu?
The average price of homes in Corfu can range from €90,000 for a small apartment to over €500,000 for larger villas with sea views.

Are there good rental opportunities in Corfu?
Yes, Corfu’s rental market is strong, particularly for vacation rentals, with high demand in summer months. Corfu Town and beach locations are especially profitable for short-term rentals.

Conclusion: Your Dream Home in Corfu Awaits

With its affordable property market, Corfu is one of the best places to buy property in Greece in 2025. Whether you’re looking for a holiday home, investment property, or a permanent residence, Corfu offers a wide range of properties at prices that won’t break the bank.

For more information and to explore affordable properties for sale in Corfu, visit Chase Real Estate Corfu.

Why Corfu is the Best Choice for Affordable Property in Greece