The Greek real estate market, and particularly that of the Cyclades, has experienced significant growth over the past decade. Demand for holiday homes and investment opportunities on the islands comes not only from within Greece but also from international buyers, who see Greece as one of the most attractive destinations worldwide.
A brief analysis of current trends shows the following: According to the 2024 legislation, the most popular Cycladic islands – such as Mykonos, Santorini, Paros, Naxos, Syros, Milos, and Andros – have been included in Zone A of the Golden Visa program, where the minimum investment threshold for obtaining a residence permit has increased to €800,000. This means that international investors now need to allocate significantly higher capital to purchase property.
This change has a dual effect on the Cyclades: on one hand, it curbs smaller-scale, "mass” demand, limiting buyers who were targeting more affordable properties for the Golden Visa, and on the other hand, it elevates the investment profile of the region, attracting investors with a longer-term strategy. However, geopolitical upheavals in various parts of the world, such as Israel, Arab countries, and the war in Ukraine, as well as economic and political instability in France and Germany – which are key sources of investors in Cycladic real estate – have created challenges for the market in 2025, making trends more complex and multifactorial. Additionally, uncertainty regarding plots outside designated residential areas and their buildability has increased caution among potential buyers and investors.
At the same time, the overconcentration of tourists on popular islands raises concerns about the long-term sustainability of investment growth, the quality of life for residents, and the standard of tourism services offered. This may lead some property owners and potential investors to seek opportunities on lesser-known islands.
Despite changes in government strategy regarding property investment, tourist overcrowding on certain islands, and geopolitical disruptions, the Cyclades have not lost their international appeal as a destination for tourism and real estate investment, as evidenced by the latest 2025 statistics. Nevertheless, an initial market correction phase is now underway.
In this environment, the real estate company Errikos Kohls Immobilien Consulting, exclusively operating in the Cyclades, has been providing high-quality consulting services and tailored solutions to both prospective investors and property owners since 2012. With specialized knowledge, long-standing relationships of trust, and direct access to the real estate market, the company is a leading presence with eight branches across the Cyclades.
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