Lee Tokouzis

Greece Sotheby’s International Realty presents its first dedicated report on the prime and super-prime residential market of the Ionian islands. The Prime and Super-Prime Ionian Property Market 2026 is built on closed-transaction data rather than asking prices: the firm’s completed sales across Corfu, Paxos, Lefkada and Kefalonia between 2018 and 2026, just over €200 million in value, from homes at one million euros to estates above ten million.

Six of those sales closed above €10 million, among them the two highest residential sales ever recorded in Corfu, the three highest prices ever paid for a home on Paxos, and the highest-value sale on each of Lefkada and Kefalonia. Corfu alone accounts for €138.3 million, the largest volume of completed prime and super-prime transactions held by any firm on the island.

Key figures from the Ionian Islands Report

  • Completed sales, four islands, 2018–2026: €200.8 million, with buyers from fourteen countries
  • Completed sales in Corfu: €138.3 million, five of them above €10 million
  • Sales above €10 million across the Ionian: Six, including the two highest residential sales ever recorded in Corfu and the record sale on each of Lefkada and Kefalonia
  • Median sale price: €2.4 million across the Ionian; €3.0 million in Corfu
  • Median price per square metre by band: €5,900 between €1 and €2 million; €8,500 between €2 and €5 million; €10,900 above €5 million
  • Median gap between asking and agreed price: 9 per cent; one home in eight sold at the full asking price
  • Median time from listing to agreement: About nine months, with a further five months to completion
  • From first viewing to agreement: Under three weeks
  • Buyers by nationality: British 56 per cent of sales and of value; German 15 per cent; American 6 per cent; Swedish 4 per cent
  • Median buyer age: 53
  • Busiest month for agreements: July, when one in five of all Ionian agreements was signed

All figures are drawn from the firm’s own completed transactions and are presented as medians, rounded.

What the report covers

The report sets out median prices and sizes by price band, the waterfront premium that defines the market above €5 million, the gap between asking and agreed prices, the time a sale takes from listing to agreement and from agreement to completion, who is buying and who is selling, and the months in which agreements are signed. Each of the four islands is read on its own terms: Corfu as the centre of gravity, Paxos as Corfu in miniature with even tighter supply, Lefkada as the island whose record estate competes with the best of the Corfu coast, and Kefalonia as the youngest of the four markets.

Why closed sales rather than asking prices

Listings carry the hopes of owners; closed sales record the judgment of buyers. A market that prices from completed transactions serves the seller and the buyer alike: the seller prices from evidence and sells on time, and the buyer arrives with a clear measure of value and acts with confidence. By publishing its Ionian record, the firm brings that clarity to a market that has long moved through trusted relationships and word of mouth.

Read the report

The full report is available to read on Issuu: The Prime and Super-Prime Ionian Property Market 2026 – Ionian Islands Report, October 2026.

Read it alongside the interview with Spyros Analytis, Head of Sales for the Ionian Islands, in the Field Notes of the Intelligence Hub, where he explains what eight years of closed sales say about each of the four islands.

For a confidential market briefing on a specific island, property type or budget, contact the Corfu office of Greece Sotheby’s International Realty at 22 Guilford Street, Corfu 49100, tel. +30 210 968 1070, [email protected].