Sales prices for holiday homes on the popular Cyclades islands are at their highest level in a decade. Losses recorded in previous years have now been more than covered. According to this year’s survey of holiday home prices from Geoaxis (certified property appraisers), the upward trend in the luxury property market will continue in the coming years.
This year alone, island vacation rental prices have increased by an average of 3.4%. Growth has been recorded for the fifth year in a row. The highest prices in this segment can be found on the island of Mykonos, where the cost per square meter has already reached almost 36,000 euros.