Le Figaro Praises Crete – The Top Islands for Real Estate Investment in Greece

In an article titled “The Top Islands for Real Estate in Greece,” French newspaper Le Figaro outlines the views of eight real estate agencies on where French buyers should invest in the country by purchasing property.

If you dream of a home by the sea but want to stay in Europe, Greece is the cheapest of all countries,” states the head of Houses in Greece, highlighting that following the end of Portugal’s special tax regime for foreign retirees, Greece has become a popular destination for retirees and wealthy buyers. She further emphasizes that Greece attracts over 30 million visitors annually, offering advantages such as its climate, landscapes, gastronomy, cost of living, approximately 14,000 kilometers of coastline, and around 200 inhabited islands.

Le Figaro notes that prices for homes start at €350,000 or €400,000. “You can find a house with a sea view starting at €350,000 or €400,000. In Spain, Italy, or Portugal, you won’t find these prices,” the article states. It presents research conducted by talking with eight real estate professionals in Greece, aiming to assist French readers—potential buyers with budgets around €500,000—in searching for a permanent or vacation seaside home.

According to the results, the top ten destinations, listed in order of preference, with brief details on each location’s advantages, are as follows:

  1. Crete
  2. Rhodes
  3. Kea
  4. Andros
  5. Paros
  6. Syros
  7. Naxos
  8. Tinos
  9. Corfu
  10. Kos

Real estate professionals agree, however, that the final choice is highly personal, as Greek islands vary greatly in architecture, climate, infrastructure, and other factors, depending on what each buyer is looking for.