New real estate data shows that while Mykonos remains the most expensive and sought-after island for holiday homes in Greece’s Cyclades, smaller islands like Folegandros and Antiparos are experiencing the fastest price growth, signaling a shift in the high-end property market.
According to a first-quarter report for 2025 from real estate intelligence network Spitogatos, overall demand for homes in the Cyclades surged by 10.4% compared to the same period last year.
Mykonos continues to lead in absolute price, with an average selling price of €7,018 per square meter. It is followed by Antiparos, Folegandros, Paros, and Santorini, which round out the top five most expensive islands.
For buyers seeking more affordable options, the report identifies Andros and Syros, with average prices around €2,100 per square meter.
The most significant trend, however, is the rapid appreciation on other islands.
Folegandros and Antiparos recorded the strongest annual growth in asking prices, followed by Kythnos, Syros, and Paros.
This indicates a growing buyer interest in emerging luxury destinations beyond the traditional, world-famous hotspots.
The sustained demand is part of a longer trend that has seen the average selling price for homes across the Cyclades increase by 50% between 2018 and 2025.
The market continues to be fueled by strong international interest, with the top five buyer markets in the first quarter of this year being the United States, the United Kingdom, Germany, France, and Sweden.