Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Saturday 9 December 2023 Dublin: 10°C
pipe dream

Ever wanted to buy an island? Greece is selling dozens of them

They cost anything from €3 million to €40 million.

GREECE HAS BETWEEN 1,200 and 6,000 islands, according to a range of different estimates, and there is no definitive answer on how many the Greek government owns.

What we do know is that dozens of islands are up for sale and, as the country is battling austerity measures and receiving a bailout from a number of international creditors, every cent counts.

On Private Islands Online, some islands are going for as little as €3 million.

We checked out the islands that have visible price tags and ranked them by most expensive to the cheapest:

7. Dulichium Island — €40 million 


Location: Ionian Sea
Development: Non-developed
Size: 1,335 acres/5.4 million square metres

This is the largest private island for sale in Greece right now. The highest point on the island is 250 metres above sea level. It has about 4,000 olive trees, shrubs and dwarf bushes. It is undeveloped but presents an opportunity for someone to turn it into a luxury hotel resort.

6. Northern Aegean Island — €35 million


Location: Chora
Development: Non-developed
Size: 86 acres/348,029 square metres

This island is only half an hour away, by speedboat, from Athens. Numerous international developers are already showing an interest, according to Private Islands Online, because of the island’s close proximity to the Greek capital.

5. St Thomas — €15 million 


Location: Saronicos Gulf, near Corinth
Development: Non-developed
Size: 300 acres/1.21 million square metres

St Thomas Island is only 20 minutes away by water taxi from Corinth in Greece and only 45 minutes away from Athens. It is also part of the Diapori chain in the Saronikos Gulf.

4. Kardiotissa Island — €6.5 million 


Location: Aegean Sea
Development: Non-developed
Size: 280 acres/1.13 million square metres

This large property in the heart of the Aegean Sea has incredible transport links and is touted as a perfect place to set up facilities for sailing, diving and adventure sports.

Private Islands Online points out that the island is between Folegandros and Sikinos, which are both under 10 minutes away by speedboat. There is also a daily year-round link with ferries to Piraeus from both islands.

3. Stroggilo Island — €4.5 million 


Location: Dodecanese
Development: Non-developed
Size: 54 acres / 218,530 square metres

This 54-acre island is in close proximity to the popular island of Marathos in the Aegean Sea.

Though the island is undeveloped, Private Islands Online points out that the water can become drinkable with a small filtration process, and it is able to derive electricity from Marathos, which has an established power grid.

2. Kythnos Island parcel — €3.5 million 

2-kythnos-island-parcel--35-million-27-million-396-million (1)

Location: West of Cyclades, surrounded by the Aegean Sea
Development: Developed
Size: 47.44 acres / 191,182 square metres

This island is just an hour from Athens by boat and already has 20 to 25 picturesque small houses, and because it is developed, roads, buildings and local culture are ready to be given a boost by land development.

The price has dropped from the original €5 million advertised price back in June last year.

1. Lihnari Peninsula — €3 million


Location: 10 minutes west of Corinth
Development: Non-developed
Size: 95 acres/384,451 square metres

The owners may be looking for a quick sale because the island’s price was recently slashed in half. It has some luxury properties on the island as well as fresh water, a road and lots of olive trees.

All images:

Lianna Brinded

Read: Feeling lucky? This tropical island resort could be yours for just €43

Read: Check out One Hyde Park – London’s most exclusive rental property

Published with permission from
Business Insider
Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.