Demand for luxury holiday homes from foreign and Greek buyers is at a record high in 2026, per the annual second-home report Engel & Volkers Greece published on Friday.
According to the realty network’s CEO, George Petras, “this trend is fueled by a clear shift toward quality investments, which are redefining the luxury lifestyle in the areas of Greece with the highest demand.” As he explains, “high-net-worth individuals and foreign investors are not simply looking for a functional holiday home, but rare properties that offer absolute privacy, unobstructed views and a direct connection to natural beauty.”
In 2026, one of the main trends is strong demand from abroad: In top destinations, foreign buyers account for 60% to 85% of demand. They mainly hail from the UK, Germany, France, Switzerland, the US and Israel.
Another feature of this market in 2026 is the limited supply of properties of high quality construction and energy efficiency. On islands such as Mykonos, the freeze in new building permits strengthens the value of existing properties; the same applies to markets with strict architectural and spatial restrictions, such as Hydra and Spetses.
The report shows that depending on location, the Greek market offers a mosaic of opportunities, as each location offers its own distinct footprint. In the Cyclades, Paros leads in transaction volume, with intense development activity and demand shifting toward the eastern side for greater privacy. Mykonos maintains its global destination character, with rates from €7,500/sq.m., while Santorini keeps attracting high interest for luxury Caldera properties. Also, islands such as Syros, Tinos and Andros are gaining ground as authentic, year-round alternatives with excellent architectural heritage.
