Mykonos property: prices, areas and what to know before you buy
Mykonos is one of Greece's most expensive markets, and limits on new building only add to demand. Here are the prices, the areas and the points to check.
- According to Engel & Völkers (June 2026), Mykonos prices run about €7,500–12,000 per m², averaging about €8,000–9,000.
- New building permits are frozen until 2030, so supply is limited.
- The Golden Visa minimum in Mykonos is €800,000.
Mykonos suits buyers seeking a luxury property with strong rental demand who are prepared to pay for it. If you want a lower price or a safer yield, look at other islands too.
How much does property cost in Mykonos?
According to Engel & Völkers figures published by ered.gr in June 2026:
| Price per m² | |
|---|---|
| General range | about €7,500–12,000 |
| Average | about €8,000–9,000 |
| Luxury properties | up to about €12,000–14,000 |
These are agency figures, mainly for sought-after properties, not official transaction prices. Spitogatos data reported by To Vima in August 2026 shows the average selling price on Antiparos has now overtaken Mykonos, so Mykonos is no longer always the priciest island.
Why are Mykonos prices so high?
- Building limits: according to Engel & Völkers, new building permits in Mykonos are frozen until 2030. Supply is not growing, while demand for existing homes stays high.
- International demand: buyers from across Europe, the US and the Middle East.
- Short-term rental: a strong tourist season supports high nightly rates.
Where to buy in Mykonos
According to Engel & Völkers, the most sought-after areas are:
- Chora: the main town, close to everything, with small houses and lanes.
- Ornos and Tourlos: near the town and port, good for rentals.
- Elia, Kalafati and Agios Lazaros: sea-view villas, relative quiet and high prices.
Rental yields
Agencies cite gross yields of 6–10% a year from short-term letting. That is a marketing figure: actual returns depend on occupancy, management fees, taxes and upkeep, and the Mykonos season is fairly short (mainly May to October). Check short-term rental rules too, as they are changing in Greece. See managing property in Greece from Israel.
Golden Visa in Mykonos
Under current rules, Mykonos falls in the zone where the Golden Visa minimum is €800,000 for a single property. See our Greek Golden Visa guide.
What to check before buying
- An independent Greek lawyer not linked to the seller.
- Building permits and cadastre registration, especially for older or extended houses.
- A Greek tax number (AFM) and bank account. See AFM and bank account.
- The general guide: buying property in Greece for Israelis.
Apartment or villa?
An apartment or small house in Chora suits personal use plus rentals at a lower price than a villa, with walkability and high demand, but noise in season. A sea-view villa offers privacy and high nightly rates, with higher running costs (pool, garden, management). Either way, the season is strong but short.
FAQ
How much is a square metre in Mykonos? According to Engel & Völkers (June 2026), about €7,500–12,000, averaging about €8,000–9,000.
Can you build a new house in Mykonos? According to Engel & Völkers, new building permits are frozen until 2030; in practice most buyers purchase existing property.
Does Mykonos qualify for the Golden Visa? Yes, but the minimum there is €800,000 per property under current rules.
What rental yield can you get in Mykonos? Agencies cite 6–10% gross; net returns are lower after management, taxes and costs.
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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