British buyers lead luxury property market in Greece’s Ionian Islands

British buyers account for 56% of luxury property sales across Greece’s Ionian Islands, according to a report by Greece Sotheby’s International Realty. The study analyzed completed transactions worth over €200 million across Corfu, Paxos, Lefkada, and Kefalonia since 2018.

Corfu serves as the primary driver of the high-value market, with the agency recording €138.3 million in sales. This includes five transactions exceeding €10 million, featuring the two highest-value residential sales ever recorded on the island: a property in Kassiopi sold for over €15 million in 2024, and a residence in Nisaki sold for between €14 million and €15 million in 2026.

The report notes that premium coastal home prices can exceed €23,000 per square metre. Across the Ionian Islands, the median sale price for properties valued at €1 million or more is €2.4 million, rising to €3 million in Corfu. Other notable transactions include an €11 million sale in Lefkada in 2024 and several high-value sales in Paxos, with the top transaction exceeding €5 million.