Mykonos and Santorini Luxury Property Prices in 2026

Engel & Völkers' 2026 Greece report puts prime homes on Mykonos at up to €12,000 per m² and on Santorini at up to €8,000, while GEOAXIS reports median asking prices of €16,790 on Mykonos and €13,943 on Santorini; the gap comes from what each source measures. We found no Knight Frank per-m² figures, and most numbers are asking prices, not registered sales, so treat the table as a range of opinion, not a price list.

The figures we found

Source	Mykonos	Santorini
Engel & Völkers, 2026	prime up to €12,000 per m²	prime up to €8,000 per m²
GEOAXIS Property Value Observatory	median asking €16,790 per m²	median asking €13,943 per m²
Spitogatos (via Greek Herald)	luxury homes up to €16,000; average asking €7,059	not given
Blog sources (not verifiable)	average listings about €6,620	caldera-view €8,000–12,000, Q2 2026

ERED's report of 5 August 2026 says holiday-property prices keep rising; we did not read its figures.

Why the numbers disagree

• Asking against selling. Medians of asking prices and "up to" prime prices describe different things.
• Definition of prime. A cliff-top villa and a village flat are different markets.
• The sample. A few large sales move a small island's average.

Rules that matter for the visa

• Mykonos, Santorini and islands above 3,100 residents are in the €800,000 tier, with at least 120 m² of main space: thresholds and the 120 m² rule. At the figures above a 120 m² home is far over the threshold, so the question is value, not eligibility.
• No short-term letting. A villa that is expected to pay by the week cannot, under the Golden Visa; long-term letting is allowed, but on resort islands there are almost no long-term tenants in winter: renting out the property.
• Winter. Almost everything closes on Santorini and Mykonos in winter: islands you can live on all year.

Before you buy

1. Ask for the price per m² under the title, not the marketed area.
2. Ask for the last three registered sales in the same area.
3. Compare with the mainland and Athens: prime Athens prices.
4. Work out resale: what happens if you sell.

Sources: Engel & Völkers Greece (2026 report); GEOAXIS Property Value Observatory; Spitogatos via Greek Herald; ERED (5 August 2026); blog guides as described. Informational, not investment advice.