Most people who come to the Greek islands on an unforgettable vacation leave saying they can’t wait to return. It appears that nowadays people are actually buying their own Greek island, making their Mediterranean vacation never-ending.
There are an estimated 1,200-6000 islands in Greece according to various information sources, and it is unknown how many of the islands are owned by the Greek government. However, what is known is that there has been a rise in the amount of islands for sale in recent years, no doubt in connection to the Greek financial crisis. There are actually entire websites that are dedicated to selling islands online and have some Greek islands listed for as little as 3 million euros.
The site Private Islands Online sold a number of islands in 2015 and are looking to do the same this year as the austerities and bailouts leave Greeks looking to make money however possible — even if it means selling their family’s land and heritage.
Want in on the market? Here are the 5 of the cheapest Greek islands that are currently for sale.
Dulichium Island — €40 million
Location: Ionian Sea
Size: 1,335.00 acres / 5.4 million square meters
Currently the most expensive and the largest private island for sale in Greece with the highest point on the island at 250 meters above sea level. The island is covered in lush olive groves, with around 4,000 olive trees, shrubs, and dwarf bushes. Since it is undeveloped the island presents the opportunity for someone to turn it into a luxury hotel resort.
St. Thomas — €15 million
Location: Saronicos Gulf, near Corinth
Size: 300.00 acres / 1.21 million square meters
Located around a 20 minutes water taxi ride from Corinth and only 45 minutes away from Athens, St. Thomas Island is also part of the Diapori chain in the Saronicos Gulf. This region is known to be “an area of Greece mythologized for the lush emerald beauty of its picturesque islands.”
Kardiotissa Island — €6.5 million
Location: Aegean Sea
Size: 280.00 acres / 1.13 million square meters
This island is quiet large and heart of the Aegean Sea. It has very good transport links with ferries to Piraeus, and the two islands of Folegandros and Sikinos which are less than 10 minutes by ferry. In all, making it the perfect place to set up facilities for sailing, diving, and adventure sports.
Stroggilo Island — €4.5 million
Size: 54.00 acres / 218,530 square meters
This island is 54-acres and located in close proximity to the island of Marathos in the Aegean Sea. This is ideal for making the undeveloped island livable as the water can become drinkable with a small filtration process, and it is able to derive electricity from the power grid on Marathos.
Lihnari Peninsula — €3 million
Location: 10 minutes west of Corinth
Size: 95.00 acres / 384,451 square meteres
Not only is this the cheapest of the islands for sale, it is also a conveniently located island. As the island’s price was recently slashed in half this is a great investment opportunity. It already has some luxury properties on the island as well as fresh water, a road, and many olive tree groves.