Real Estate in Ithaki, Greece

Discover unique real estate opportunities on Ithaki (Ithaca), one of the most unspoiled islands in Greece. Famous from Homer’s Odyssey, Ithaki combines authentic island life, crystal‑clear waters and peaceful landscapes – making it ideal for a holiday home, retirement residence or investment property.

Why Buy Property on Ithaki?

Ithaki is part of the Ionian Islands, located between Kefalonia and the Greek mainland. It offers:

• Unspoiled nature: green hills, olive groves and secluded bays.
• Relaxed lifestyle: quiet villages, friendly locals, slow pace of life.
• Safe environment: low crime, family‑friendly, stable EU country.
• Strong holiday demand: ideal for villas and houses with rental potential.

Types of Real Estate on Ithaki

The property market on Ithaki is diverse, with options for different budgets and plans. Popular choices include:

• Traditional stone houses: restored village homes with sea or mountain views.
• Modern villas: contemporary design, private pools, often used as luxury holiday rentals.
• Seafront properties: rare plots or houses with direct access to the sea.
• Land for development: build your own home on a hillside or near the coast, subject to planning rules.
• Apartments and maisonettes: practical, low‑maintenance homes in and around Vathy and other settlements.

Popular Areas to Buy Property

The main real estate locations on Ithaki include:

• Vathy: the island’s capital and main port, with shops, tavernas and marina. Ideal for year‑round living.
• Kioni & Frikes: picturesque coastal villages on the east coast, popular for luxury villas and rentals.
• Stavros & northern Ithaki: quieter, traditional villages with panoramic views and larger plots.
• South Ithaki: green landscapes and hidden coves, perfect for secluded holiday homes.

Buying Property on Ithaki – What to Know

Foreign buyers can legally purchase real estate in Greece, including Ithaki. The process typically involves:

• Obtaining a Greek tax number (AFM).
• Opening a local bank account.
• Legal checks on property titles and planning permissions.
• Signing a preliminary agreement and then the final contract before a notary.

Working with an experienced local real estate agent and independent lawyer will help you navigate the legal steps, taxes and any building restrictions specific to the island.

Investment Potential

Ithaki’s real estate market is limited in size, which helps protect property values. Demand for quality holiday rentals and second homes is steady, especially from European and international buyers seeking a quiet alternative to more crowded Greek islands. A well‑located house or villa with sea view can offer attractive rental income during the tourist season.

Start Your Property Search in Ithaki

Whether you are dreaming of a waterfront villa, a traditional house in a Greek village or land to build your own home, Ithaki offers a rare blend of privacy, natural beauty and authentic island character. Explore current listings, ask for expert advice and take the first step toward owning real estate in Ithaki, Greece.