Kefalonia property: prices, areas and what to check before you buy
Kefalonia is far cheaper than the famous Cyclades islands, but prices are rising fast. Here are the figures, the areas and the key points to know.
- Average asking price of about €2,400 per m² (Indomio, June 2025, via Your Overseas Home).
- According to Ask Wire, apartment prices rose from about €1,684 to about €2,780 per m² between January 2024 and December 2025.
- In Q2 2026 Kefalonia and Paxos posted the highest rises in the Ionian islands (Spitogatos via To Vima).
Kefalonia suits buyers wanting a holiday home at a relatively sane price for Greece, with nature and sea. Prices are rising, so it is worth looking now, but remember the season is short and direct flights pause in winter.
How much does a house in Kefalonia cost?
According to Your Overseas Home (updated September 2026), the average asking price in Kefalonia is about €2,400 per m², based on Indomio data from June 2025. It gives budget bands:
| Budget | What you can find |
|---|---|
| up to about €50,000 | ruins to renovate or plots |
| about €120,000–200,000 | a 1–2 bedroom village house |
| from €350,000 | a sea-view villa |
These are listing (asking) prices, not actual transaction prices.
Are Kefalonia prices rising?
Yes, and quickly. Ask Wire data published by ered.gr shows apartment prices in Kefalonia rising from about €1,684 per m² in January 2024 to about €2,780 in December 2025. According to Spitogatos (via To Vima), the Ionian islands average reached about €2,531 per m² in Q2 2026, up about 5.9% year on year, with Kefalonia and Paxos posting the biggest rises.
Where to buy in Kefalonia
- Fiskardo: in the north, upmarket and in demand, with strong interest according to Engel & Völkers.
- Skala: in the southeast with a long beach, recommended for rentals by Your Overseas Home.
- Argostoli and around: the island capital, active year-round and close to the airport (about 8 km).
- Villages: older houses at lower prices, but often needing renovation.
Renting and living in Kefalonia
The tourist season runs mainly May to October. Direct international flights pause in winter, so off-season trips go via Athens. See flights from Israel to Kefalonia. Kefalonia is seismically active, like most of Greece, so check the building's condition and compliance. Areas from a visitor's point of view: where to stay in Kefalonia.
Golden Visa in Kefalonia
Under current rules, islands with more than 3,100 residents, such as Kefalonia, carry a Golden Visa minimum of €800,000 per property. See our Golden Visa guide.
What to check before buying
- An independent Greek lawyer and an engineer to survey the building.
- Permits, cadastre registration and plot boundaries, especially in villages.
- A Greek tax number (AFM) and bank account. See AFM and bank account.
- The general guide: buying property in Greece for Israelis.
Existing house or new build?
An existing village house is usually the cheapest way in, but often needs renovation, so bring an engineer before offering. A plot and new build gives control but takes longer. A new apartment or villa saves hassle at a higher price per m². Decide first whether the property is for your own use, for rentals, or both.
FAQ
How much is a square metre in Kefalonia? According to Indomio (June 2025, via Your Overseas Home), about €2,400 on average in asking prices. Ask Wire puts apartment prices at about €2,780 at the end of 2025.
Can you buy a house in Kefalonia for under €200,000? Yes. According to Your Overseas Home, 1–2 bedroom village houses are offered at roughly €120,000–200,000.
Which area of Kefalonia is best for rentals? Your Overseas Home recommends Skala; Fiskardo is sought after in the luxury market.
Does Kefalonia qualify for the Golden Visa? Yes, with a minimum of €800,000 per property under current rules.
Want personal guidance?
S.F. Properties helps Israelis buy, rent out and manage property in Greece: from the search, through the lawyer and notary, to the keys and day-to-day management.
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