What does the real estate market in Corfu look like in 2024?

After a fall in prices during the 2010s, real estate prices have regained their dynamism from 2020 onwards, especially since the COVID-19 pandemic. In 2022, they crossed the average threshold of €2,000/m² for the first time, a trend that continues in 2023 and 2024, with increases reaching up to 10% in some highly sought-after regions. This national average masks significant variations: in the island’s large cities and prestigious seaside ports, the most sought-after properties can exceed €6,000/m², while in rural areas and villages, often less coveted by tourists, prices remain more affordable, around €1,500/m².

Corfu’s real estate market is no exception, and is therefore experiencing a growing dynamism, driven by the interest of foreign buyers and the attractiveness of the island. Thanks to its exceptional natural setting, Corfu offers a variety of properties suitable for different profiles:

• Modern apartments: Mainly located in Corfu Town, they attract those looking for urban life with modern infrastructure.
• Traditional houses: In the picturesque villages of the island, these stone properties, often surrounded by olive groves, seduce with their authentic charm.
• Luxury Villas: Located on the heights or by the sea, they offer spectacular panoramas, perfect for lovers of comfort and prestige.

Prices per square meter in Corfu

Compared to other Mediterranean destinations such as the Cyclades or the French Riviera, Corfu remains an affordable option, although some areas are experiencing price increases due to increasing demand.

• Corfu Town (Kerkyra): Approximately €2,800 to €4,500/m² for an apartment or house located in the historic center or with a sea view.
• North-east of the island (Kassiopi, Nissaki): Between €3,500 and €6,000/m² for luxury villas with panoramic views.
• Rural villages: Prices start at €1,500/m², perfect for those looking for traditional houses or properties to renovate.
• Tourist regions: Areas close to popular beaches, such as Paleokastritsa, have prices between €2,500 and €4,000/m².

Where to buy in Corfu?

The choice of location depends on your lifestyle and goals:

• For an urban lifestyle: Corfu Town is ideal for those looking for a cosmopolitan atmosphere. Its historic center is full of shops, restaurants, and monuments, while offering quick access to the beaches and harbor.
• For a peaceful retreat: villages such as Gastouri or Lefkimmi, located in the south of the island, offer a quiet and authentic setting, perfect for escaping the tourist hustle and bustle.
• For luxury and spectacular views: the north-east coast, with localities such as Kassiopi or Agni, is famous for its high-end villas perched above secluded coves. These properties offer complete privacy and stunning panoramas of the Ionian Sea.
• For affordable opportunities: inland villages, such as Sinarades or Spartilas, offer traditional houses to renovate or building plots at very competitive prices.

Why invest in Corfu?

Corfu is an ideal island to invest in Greece:

High rental potential: Corfu, being a popular destination for international tourists, offers excellent opportunities for seasonal rentals, especially villas and apartments close to the beaches.

An exceptional living environment: combining unspoilt nature, rich culture and Greek hospitality, the island is ideal for those who wish to invest in a second home while enjoying an enchanting environment.

Long-term valuation: With the increase in demand and efforts to develop modern infrastructure, properties in Corfu are likely to increase in value in the coming years.

In summary: Corfu, a destination of choice for real estate buyers

Corfu combines a unique living environment, varied real estate opportunities and a market that is still accessible compared to other Mediterranean destinations. Whether you’re looking for a holiday home, a rental investment or a sunny retreat, the island has it all. With competitive prices, constant tourist appeal and an exceptional natural environment, now is the perfect time to invest in this piece of paradise.

Why not explore the possibilities offered by Corfu and turn your dream of a home in the Mediterranean into reality?