Corfu vs Other Greek Islands in Property Investment

Corfu, one of Greece’s most beautiful islands, has long been a favorite destination for tourists, retirees, and real estate investors. As with many other Greek islands, the property market in Corfu has attracted considerable attention from foreign buyers looking for second homes, vacation properties, or investment opportunities. However, when compared to other popular Greek islands like Santorini, Mykonos, and Crete, Corfu stands out for its combination of affordable property prices and lush landscapes.

In this guide, we will compare property prices in Corfu with other top Greek islands. Whether you’re interested in luxury villas, affordable apartments, or land for development, this comparison will help you understand where to get the best value for your investment.

1. Property Prices in Corfu

The Challenge

Property prices in Corfu can vary greatly depending on location, property type, and proximity to amenities like beaches and Corfu Town. Understanding the price range for different types of properties is essential when comparing Corfu to other Greek islands.

Average Property Prices in Corfu

• Apartments: In Corfu Town, modern apartments range from €120,000 to €250,000, depending on size, amenities, and location. Smaller apartments outside Corfu Town or in quieter areas like Paleokastritsa can be found for as low as €70,000 to €100,000.

• Villas: The price of villas in Corfu varies greatly. Luxury villas in areas like Kassiopi, Barbati, and Kanoni can range from €500,000 to €2 million. For more modest villas in suburban areas, prices typically start around €250,000 to €500,000.

• Land: If you’re looking to build your own property, land prices in Corfu can range from €50,000 to €300,000, depending on size, location, and views. Plots near the beach or with access to panoramic views command higher prices.

Key Takeaway for Corfu: Corfu offers a wide range of affordable property options in comparison to other famous Greek islands, with more competitive prices for apartments and villas in its less tourist-heavy areas.

2. Property Prices in Santorini

The Challenge

Santorini is one of Greece’s most famous islands, attracting international buyers and tourists alike. As a result, property prices in Santorini are significantly higher compared to other islands, including Corfu.

Average Property Prices in Santorini

• Apartments: Due to the island’s popularity, even smaller apartments in Santorini’s Fira or Oia can start at around €200,000 and can easily rise to €500,000 or more for properties with sea views.

• Villas: Luxury villas with stunning views of the caldera in Oia or Imerovigli can easily exceed €1 million and can reach up to €5 million or more for premium properties.

• Land: Land on Santorini is scarce, and prices for plots of land can range from €300,000 to over €1 million, depending on location and proximity to the caldera.

Key Takeaway for Santorini: Santorini’s real estate market is considerably more expensive due to its global popularity and limited supply of land. The high-end luxury market drives up the overall property prices, especially for villas and apartments with views of the iconic caldera.

3. Property Prices in Mykonos

The Challenge

Mykonos is another highly sought-after destination for wealthy buyers, particularly those seeking luxury homes and high-end vacation properties. The prices in Mykonos are similar to those in Santorini, with some areas even more expensive.

Average Property Prices in Mykonos

• Apartments: In Mykonos Town, smaller apartments start at around €200,000 to €300,000, while larger properties or those in sought-after areas can reach €500,000 or more.

• Villas: Luxury villas in Mykonos are among the most expensive in Greece. Prices can range from €1 million to €10 million or more for prime properties with seafront views, private pools, and extensive grounds.

• Land: Prices for land in Mykonos are high, especially near popular beach areas or with views of the Aegean Sea. Expect to pay anywhere from €500,000 to over €5 million for a plot of land in these locations.

Key Takeaway for Mykonos: Mykonos real estate is some of the most expensive in Greece, driven by luxury demand, exclusivity, and limited land. It’s an ideal market for those looking for premium investments but comes with a hefty price tag.

4. Property Prices in Crete

The Challenge

Crete, being the largest Greek island, offers a much broader range of property prices depending on the region. While Crete offers properties in both tourist hotspots and rural areas, it remains more affordable compared to islands like Santorini and Mykonos.

Average Property Prices in Crete

• Apartments: In Heraklion or Chania, prices for apartments can start at €100,000 to €150,000 for a 1-2 bedroom unit. Properties in more rural areas or inland can be found for as low as €60,000.

• Villas: Villas in Chania and Rethymno can range from €200,000 to €700,000, while luxury villas in sought-after areas can rise to €1 million or more.

• Land: Crete offers relatively affordable plots of land, with prices typically ranging from €40,000 for smaller plots to €500,000 for larger plots near the beach or with panoramic views.

Key Takeaway for Crete: Crete offers affordable properties in comparison to Santorini and Mykonos. The island offers a variety of investment options, from budget-friendly apartments to more luxurious villas. It’s an ideal choice for buyers seeking a more diverse property market.

5. Comparing Property Prices: Corfu vs. Other Popular Greek Islands

The Challenge

While Corfu offers competitive property prices compared to other popular Greek islands, factors such as proximity to the beach, tourism demand, and unique local characteristics can influence price differences.

Corfu vs. Santorini and Mykonos

• Corfu offers a more affordable range of properties in comparison to Santorini and Mykonos, especially in the luxury villa and apartment categories.

• Santorini and Mykonos cater largely to the luxury market, with prices for high-end properties reaching €1 million and above, making Corfu an attractive option for buyers seeking premium homes at lower prices.

Corfu vs. Crete

• Crete offers more affordable properties overall, with prices for both apartments and villas generally lower than Corfu. However, Corfu offers better access to international markets and tourist demand, especially from the UK and EU.

• Crete is ideal for those looking for a wider selection of affordable homes, while Corfu provides a blend of affordable homes and luxury properties, with more tourism-driven rental potential.

Conclusion: Where to Invest for the Best Property Value in 2025

When considering property investment in Greece, Corfu offers a balanced range of opportunities. The island provides more affordable prices compared to luxury-driven islands like Santorini and Mykonos, while also providing more competitive options compared to Crete in terms of tourism demand and location advantages.

Whether you are seeking a vacation home, an investment property, or a retirement villa, Corfu’s real estate market provides great potential, especially when compared to other islands with higher demand and prices.

For more information on available properties in Corfu and expert advice on investing in the Corfu real estate market, visit Chase Real Estate Corfu.