Santorini real estate market — prices, rental yield and trend

• Average price: $5,085 / m²
• Gross rental yield: 3.54%
• 12-month price change (USD): -5.14%
• Net rental yield: 2.9%
• Transaction cost: 12.1%
• Price basis: local-market average

Residential property in Santorini averages $5,085 per square metre — -5.1% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 63rd most expensive of the 236 markets in the set.

What a buyer pays in Santorini

The $5,085 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 12.1% of the price here. On a 100 m² apartment at the average price that is roughly $61,529 on top of the $508,507 purchase price. That is above the 10.3% median across the set — the entry cost is part of the investment case here. Against the Greece national average of $3,221, Santorini carries a 57.9% premium — the gap between this market and the country as a whole. Among the other Greece markets we track, Rhodes at $2,928 is 73.7% cheaper, and Athens at $3,278 is 55.1% cheaper.

What it earns

A square metre lets for about $15.0 a month. Against a purchase price of $5,085 per square metre that is 3.5% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 232nd of 269 markets by gross yield. Rental income is taxed at 14.3–21.9% — the rate is not a single number here. That is the difference between 2.8% and 3% net on the same property. The 2.9% net figure we publish uses 18.1%.

How the tax works. Progressive: a 5% automatic maintenance deduction (ITC art. 39(3)(a)) and then the art. 40 rental scale, which from 1 January 2026 has a new 25% bracket between €12,000 and €24,000 (Law 5246/2025). That gives 14–22% across typical rent levels. Source: PwC Greece / WTS.

Who can buy in Santorini

Freehold; non-EU buyers need approval in border zones. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Santorini is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Santorini be compared with a country average or another city.

Sources: Indomio.gr Santorini price + rent · indomio.gr. Snapshot: 2026-10-17.