Top 10 Villages and Islands to Buy a House in Greece

Greece, with its timeless beauty, Mediterranean climate, and rich history, has continually attracted international property buyers seeking an idyllic lifestyle. From the crystalline blue of the Aegean to lush mountain hamlets and sun-soaked islands, Greece offers a myriad of villages and islands that appeal to both investors and lifestyle seekers. Owning a home in this stunning country is more than a financial investment—it's about joining a vibrant community steeped in culture, natural beauty, and unrivaled tranquility.

This comprehensive guide will take you through the ten best villages and islands to buy a house in Greece. Each destination stands out for its unique charm, real estate opportunities, and lifestyle advantages. Whether you dream of a beachfront villa, a traditional stone house in an olive grove, or a whitewashed island residence, you’ll find your perfect Greek haven here.

1. Oia, Santorini: The Jewel of the Cyclades

Oia, perched atop the cliffs at the northern tip of Santorini, is perhaps the most iconic village in Greece. Famed for its breathtaking sunsets, blue-domed churches, and labyrinthine lanes, Oia is the stuff of dreams and postcards. Its dramatic caldera views attract tourists and property buyers from across the globe.

Why Buy in Oia?

• Unique Architecture: Oia’s dazzling whitewashed houses, built into lava rock, are unlike anything else in the world.
• Investment Return: High demand for vacation rentals and luxury hotels ensures robust returns for property investors.
• Unbeatable Views: Overlooking the Aegean and volcanic caldera, every sunset is unforgettable.

Real Estate Market in Oia

The market focuses on restored cave houses, luxury villas, and boutique hotels. Prices are among Greece’s highest, but rental yields and property values are strong. Expect fierce competition for properties, particularly with caldera views.

Lifestyle in Oia

Oia offers a cosmopolitan yet tranquil lifestyle, with gourmet restaurants, artisan boutiques, and art galleries nestled alongside traditional bakeries and blue-and-white bell towers. Car traffic is limited, enhancing the pedestrian-friendly charm. The island’s beaches and wineries are a short drive away.

2. Fiskardo, Kefalonia: Venetian Elegance

Nestled in the north of Kefalonia, Fiskardo is the island’s chicest and most picturesque harbor village. Famous for its Venetian-era buildings and yacht-filled waterfront, Fiskardo’s pastel-colored houses and pine-covered hills capture the essence of Ionian splendor.

Why Buy in Fiskardo?

• Historical Preservation: One of the few villages unaffected by the 1953 earthquake, retaining its original architecture.
• Atrractive to Yachters: Its marina attracts international jet-set visitors, creating high rental demand.
• Upmarket Ambience: Excellent restaurants, boutique shopping, and pristine beaches create a luxury lifestyle.

Fiskardo’s Real Estate Landscape

Well-restored townhouses, stone villas, and modern residences with sea views dominate the market. Prices are premium due to limited supply and international demand. A smart choice for long-term appreciation and rental income.

Lifestyle in Fiskardo

Buyers enjoy a blend of seafront living, water sports, close proximity to some of Kefalonia’s finest beaches, and an extensive network of hiking and biking trails. Peaceful winters make Fiskardo ideal for year-round living and holiday escapes.

3. Chora, Mykonos: Cycladic Glamour

Mykonos, synonymous with style and sophistication, is beloved by celebrities and entrepreneurs alike. Its capital, Chora (Mykonos Town), balances cosmopolitan energy with authentic island charm. The winding streets, iconic windmills, and dazzling waterfront make it an architectural gem.

Why Buy in Chora?

• World-Class Lifestyle: Fine dining, luxury boutiques, and legendary nightlife are at your doorstep.
• Worldwide Demand: International property seekers drive steady capital appreciation.
• Easy Accessibility: Well-served by air and sea transport; a global travel hub.

Real Estate Highlights

Prestigious whitewashed homes, many with private courtyards or sea views, are highly sought after. While property prices are among Greece's highest, rental yields are exceptional when leased as short-term holiday accommodation.

Lifestyle in Chora

Expect vibrancy, lavish summer parties, art galleries, and gourmet cuisine. Despite its popularity, parts of Chora offer serene retreats and hidden alcoves perfect for tranquil living.

4. Lindos, Rhodes: Timeless Medieval Charm

Lindos, on the east coast of Rhodes, merges ancient Greek history with dazzling Aegean settings. Its white cube houses amble up the acropolis hill, offering stunning views of St. Paul’s Bay and the endless blue beyond.

Why Buy in Lindos?

• Historical Significance: The acropolis and ancient ruins provide a unique cultural backdrop for daily life.
• Beach Proximity: Flawless beaches are within walking distance, encouraging a relaxed, sun-drenched lifestyle.
• Cultural Hotspot: Regular festivals, concerts, and events create community spirit.

Property Market in Lindos

Traditional townhouses with pebble mosaics, restored mansions, and contemporary villas are available. The village’s old town is protected, making any acquisition here a rare opportunity.

Lifestyle in Lindos

Enjoy a slower pace of life, unspoiled beaches, and the hospitality of friendly locals. Artisanal shops, divine tavernas, and scenic walking trails surround you, while Rhodes Town is only a short drive away for more urban amenities.

5. Kassiopi, Corfu: Sophisticated Seaside Haven

Located on the northeast tip of Corfu, Kassiopi is a vibrant fishing village blessed with pebbled beaches, crystal-clear waters, and sweeping views across to Albania. Its fort, scenic harbor, and lush hillsides make it a perennial favorite for Greek and British buyers alike.

Reasons to Buy in Kassiopi

• Tight-Knit Expat Community: Popular among international buyers, fostering a welcoming and cosmopolitan atmosphere.
• Rental Appeal: Corfu attracts holidaymakers year-round due to its long season and easy access.
• Scenic Beauty: A blend of cypress groves, olive-laden hills, and turquoise bays.

Real Estate Market Insights

Kassiopi offers everything from modest apartments and traditional homes to luxurious seafront villas. Properties with pool and sea views command a premium but rent exceptionally well in peak months.

Kassiopi’s Lifestyle

Embrace outdoor living, with water sports, boat trips, and coastal walks. Excellent restaurants, lively bars, and plenty of cultural events create a lively but laid-back lifestyle perfect for families, retirees, and young professionals.

6. Parga, Epirus: Mainland Riviera

Parga, nestled along the western mainland, feels more akin to an Ionian island than a continental town. Its rainbow-hued houses cascade down lush hills to sandy beaches and turquoise coves, all guarded by a medieval castle.

What Makes Parga Special?

• Stunning Setting: A postcard-perfect mix of sea, forested hills, and historic ruins.
• Mainland Convenience: Proximity to Preveza Airport and road links to Athens and Thessaloniki.
• Value for Money: More affordable than similar island locations, with considerable growth potential.

Parga’s Property Scene

From compact apartments and townhouses to hillside villas, Parga’s real estate market covers all budgets and tastes. Sea-view homes, especially those close to the center and beaches, are most desirable.

Lifestyle Advantages

Parga combines the energy of a bustling harbor with tranquil beaches and verdant surrounds. It’s ideal for active lifestyles—think hiking, swimming, sailing, or exploring the region’s unique culture and cuisine. Summer festivals and friendly locals complete the experience.

7. Chania, Crete: Venetian Flair in Greece’s Big Island

Chania is Crete’s loveliest city, famed for its Venetian old town, vibrant markets, and cosmopolitan vibe. Though a city, its old harbor area feels like an intimate village. Crete’s mild climate and affordable property market make it extremely attractive for would-be homeowners.

Why Buy in Chania?

• Year-Round Living: Crete’s warm winters and modern infrastructure support permanent relocation.
• Architectural Beauty: Blending Venetian, Turkish, and Greek styles, especially in the old town.
• Strong Rental Market: Growing tourism boosts the viability of short and long-term rentals.

Real Estate in Chania

Property ranges from old town apartments with wooden balconies to rural villas amid olive groves. Prices remain competitive compared to high-profile islands like Santorini or Mykonos, offering excellent value for discerning buyers.

Lifestyle in Chania

Enjoy everything from traditional tavernas and food markets to chic cafes and modern shops. World-famous beaches like Elafonisi and Balos are nearby, while the White Mountains beckon hikers and nature lovers.

8. Hydra Island: Timeless Car-Free Charm

Hydra is an Saronic Gulf jewel just off the Peloponnese. Its car-free policy, neoclassical mansions, and lively port create an atmosphere of serene exclusivity. Hydra has long attracted artists, writers, and celebrities, fostering a vibrant yet authentic community.

Key Reasons to Buy in Hydra

• Unique Ambience: The absence of cars preserves peacefulness and local character.
• Historic Properties: Many manor houses retain original features and sea views.
• Quick Access from Athens: A short ferry ride makes Hydra one of the most accessible islands.

Hydra Real Estate Market

Although supply is limited, properties in Hydra represent an excellent long-term investment and lifestyle choice. Renovated townhouses and old captain’s homes are the most desirable. Prices reflect the island’s prestige and exclusivity.

Hydra’s Unique Lifestyle

An inspiring artistic and cultural scene thrives here, with festivals and galleries galore. Enjoy scenic walks, crystal-clear swimming spots, and seafood tavernas—all in a tranquil, traffic-free oasis that feels a world away from the bustle of the mainland.

9. Monemvasia, Peloponnese: The Greek Gibraltar

Monemvasia, a dramatic rock islet linked to the Peloponnese by a single causeway, is nicknamed the "Gibraltar of the East." Its medieval stone dwellings, narrow lanes, and Byzantine churches offer an atmospheric return to another era.

Why Consider Monemvasia?

• Unique Setting: The ancient fortress town, set against sea cliffs, is truly breathtaking.
• Historical and Artistic Value: Many homes are renovated with respect to local heritage.
• Unmatched Privacy: The town’s seclusion makes it ideal for those seeking tranquility.

Monemvasia’s Property Market

The supply is limited, consisting mainly of historic stone houses, many tastefully refurbished as luxury residences or boutique hotels. Buying here is as much about unique lifestyle as investment.

Life in Monemvasia

Enjoy a quiet but well-serviced town, where cobbled streets invite leisurely strolling. Excellent local cuisine, dramatic sunsets, and proximity to pristine beaches make it a serene destination, perfect for history lovers and romantic souls.

10. Naousa, Paros: Bohemian Cycladic Bliss

Naousa, on the north coast of Paros, combines Cycladic beauty with a relaxed but stylish ambiance. Formerly a fishing village, it is now the island’s chicest address, attracting artists, creatives, and international jet-setters.

Why Buy in Naousa?

• Vibrant Social Scene: Trendy bars, beach clubs, and restaurants line the waterfront.
• Excellent Infrastructure: Paros boasts a new airport and regular ferry connections.
• High Rental Demand: Both summer and shoulder season attract vacationers worldwide.

Naousa's Real Estate Scene

Traditional Cycladic homes, upscale townhouses, and luxury villas with sea views dominate the market. Paros offers excellent value compared to other islands in the Cyclades and significant future growth as its popularity rises.

Lifestyle and Amenities

Enjoy kite-surfing, sailing, art festivals, and all-night beach parties. Despite its trendy vibe, Naousa maintains a welcoming small-village atmosphere with excellent local markets and friendly residents.

Key Factors to Consider When Buying a House in Greece

Purchasing real estate in Greece, especially as a foreigner, requires a thorough understanding of local markets, laws, and lifestyle priorities. Here’s what to consider:

1. Legal Framework for Buyers

Greece has streamlined property acquisition for non-EU nationals, promoting Golden Visa investment schemes and removing many previous restrictions. However, due diligence is crucial:

• Title Deeds: Ensure thorough checks for legal title and outstanding debts.
• Permits and Zoning Laws: Island and village properties may have heritage protections or building restrictions.
• Golden Visa: Property investments of €250,000 or more (rising to €500,000 in some locations from 2023) grant eligibility for a five-year renewable residency permit for non-EU citizens.

2. Cost Considerations

Property prices vary wildly between islands and villages. Prime spots like Oia or Chora are costly, but many villages provide excellent value, especially for longer-term appreciation and lifestyle advantages. Be sure to factor in:

• Purchase taxes and notary fees (typically 3%-10% of sale price)
• Annual property taxes (ENFIA)
• Renovation or restoration costs, especially for older properties

3. Investment Potential

Greece’s tourism boom, improved infrastructure, and increasing foreign investment have buoyed real estate values in recent years. Short-term holiday rentals are particularly lucrative on popular islands and historic villages. Carefully research individual micro-markets to maximize returns and minimize risk.

4. Accessibility and Infrastructure

Consider year-round access for both personal use and rental appeal. Islands with airports or regular ferry connections, or villages near major highways, typically perform best in rental markets and experience more stable price appreciation.

Up-and-Coming Villages and Islands: Hidden Gems to Watch

While our top ten include established icons, Greece is full of under-the-radar spots offering incredible potential and quintessential charm:

• Skiathos (Sporades): Lush forests, sandy beaches, and a lively main town. More affordable than its famous neighbors.
• Symi (Dodecanese): Colorful neoclassical mansions cascading down to the picturesque harbor. Peaceful, charming, and increasingly popular with retirees.
• Galaxidi (Mainland): A mainland port-village with a distinctly island feel, noted for its naval history and tranquil seafront homes.
• Lefkada (Ionian): Easily accessible by bridge, with turquoise beaches and low property prices compared to Corfu or Kefalonia.
• Archanes (Crete): A wine-producing village rich in local culture and Minoan heritage, just minutes from Heraklion’s airport.

Understanding Greek Real Estate Trends

Greece’s property market has seen significant shifts in the wake of global events and domestic reforms. Key trends shaping the present and future include:

1. Strong Tourism-Driven Demand

As one of Europe’s top travel destinations, demand for holiday rentals drives investment opportunities, particularly on islands and in scenic villages. The rise of short-term platforms (e.g., Airbnb) bolsters rental yields in high-demand areas.

2. Resurgence of Golden Visa Buyers

Greece’s residency-by-investment program has attracted buyers from China, Turkey, Russia, the Middle East, and more. Changes in visa thresholds have focused investment on premium destinations, driving up prices in top-tier locations.

3. Increasing Focus on Sustainability and Restoration

Village house restorations using local materials, as well as eco-conscious renovations, are increasingly popular, both for lifestyle reasons and the ability to generate higher returns.

4. Regional Variation

Price and availability disparities are significant: Santorini and Mykonos command the highest premiums, while Crete and less-touristed islands remain relatively undervalued.

Cultural and Lifestyle Considerations

Owning a home in a Greek village or island is about more than bricks and mortar—it's an entry into a distinctive way of life:

• Community: Village life is tightly knit. Integration is easy, especially if you invest time in learning the language and supporting local businesses.
• Seasonality: Many islands see an influx of visitors in summer and quiet winters; others, like Chania or larger villages, offer robust year-round communities.
• Cuisine: Each region boasts its own culinary specialties, from Cretan wines to Cycladic cheeses and Ionian olive oils.
• Festivals: Religious and cultural festivals punctuate the calendar, adding color and opportunites to socialize.

Practical Steps: How to Buy a House in Greece

1. Research Locations: Visit during different seasons, talk to locals, and explore areas off the tourist trail before deciding. Assess public transport, access to medical care, and day-to-day amenities.
2. Engage Professionals: Hire a reputable local lawyer and, if needed, a property agent. Their knowledge of zoning laws, taxes, and negotiations is invaluable for foreigners.
3. Secure Tax Number: All buyers need a Greek tax number (AFM), which your lawyer can help obtain.
4. Open a Greek Bank Account: Generally required for property transactions and paying associated fees.
5. Conduct Due Diligence: Ensure the property has a clean title, no outstanding debts, and all necessary planning/building permits.
6. Sign Pre-Contract and Pay Deposit: Typically, a 10% deposit secures the sale.
7. Complete Sale at Notary Office: Balance is paid, contracts are signed, and details recorded at the local land registry office.
8. Register Ownership: File documents and pay transfer tax; you are then the legal owner.

The Allure of Greece: Why It Remains a Top Choice

Greece’s appeal endures, combining old-world elegance with modern convenience. The unique combination of culture, welcoming locals, sunny weather, and stunning scenery is matched by relatively affordable real estate compared to other Mediterranean countries like Italy or France. Emerging infrastructure and ongoing reforms make it increasingly accessible and secure for international buyers.

Whether you’re looking for a holiday home, a permanent residence, or a smart investment, Greece’s villages and islands deliver a world-class quality of life—and memories to last a lifetime. From Oia’s sun-dappled terraces to Hydra’s car-free lanes and Naousa’s bohemian waterfront, there’s a Greek property with your name on it waiting to be discovered.

Local Insights: Stories from New Greek Homeowners

1. Embracing Island Life in Santorini

Sarah, a British entrepreneur, fell in love with Oia during a summer holiday. "I was spellbound by the caldera views from my rental balcony," she recalls. After researching the market, she bought a 19th-century cave house and now splits her year between London and Santorini. "Rental demand is so robust that my house pays for itself whenever I travel, and I still get a few glorious months of Greek sunshine every year."

2. Family-Friendly Living in Paros

French architect Marc and his Greek wife Maria craved a safe, sunny location to raise their children. "We chose Naousa for its sense of community and great schools," says Maria. They purchased a restored stone house with a garden and pool. "The kids swim until November, we walk to markets, and there’s always something happening. We’re living our dream."

3. Creative Solitude in Hydra

American painter Jessica moved to Hydra to finish a book. "I needed quiet and inspiration," she explains. "There are no cars—just donkeys and boats. My home is a 200-year-old captain’s residence, and I walk along the port each morning for coffee. I’ve written more in Hydra than anywhere else."

The Future of Greek Property: Looking Ahead

There’s every reason to believe that investing in Greek property will remain attractive. The government’s continued efforts to streamline bureaucracy, the Golden Visa’s impact on international demand, and the robust tourism sector all point toward ongoing stability and growth.

For those who value lifestyle as much as financial return, Greece remains unparalleled—its villages and islands offer a remarkable blend of old-world charm, modern amenities, and a sense of belonging that is rare in today’s fast-paced world.

Frequently Asked Questions (FAQs)

Can foreign buyers own property outright in Greece?

Yes. Most restrictions have been eliminated, though some border and island areas may require additional clearance for non-EU nationals. The process is straightforward with proper legal representation.

What is the Golden Visa?

A residency-by-investment program granting five-year renewable residency to those investing a minimum set amount in property (€250,000 or more depending on location).

Is it easy to find restoration projects?

Plentiful in villages and on many islands, though due diligence is crucial. Protected properties in declared historic zones, such as Hydra or Lindos, require special permits and architectural approvals.

How do property taxes work?

Annual property taxes (ENFIA) depend on property value, region, and usage. Additional taxes apply for rental income, same as in other EU nations.

Are there financing options for non-residents?

Greek banks are re-opening to foreign buyers, but most purchase with cash or finance through home countries due to restrictive Greek lending practices.

Conclusion: Finding Your Perfect Village or Island Retreat in Greece

From cliffside villas in Oia to stone mansions in Hydra, Greece’s villages and islands offer an irresistible mix of breathtaking beauty, strong community, lifestyle upgrades, and sustainable investment prospects. Start your search armed with knowledge, local contacts, and a thirst for adventure. Greece is ready to welcome you home.

Discover, explore, and invest—the village or island of your dreams awaits under the Hellenic sun.