Greece Lux Traveler The insider's guide to luxury travel in Greece

Property

Luxury Properties for Sale in Halkidiki

Mainland, so you drive to it - from Thessaloniki in under an hour and from half the Balkans in a day. That access is the whole investment case.

A high-end Greek property in Halkidiki with the sea beyond
Illustration

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Where to buy in Halkidiki#

Kassandra: Sani, Kallithea, Pefkochori#

The developed first leg, with the best infrastructure, the big resorts, the marina at Sani and the shortest drive from the airport. The most liquid part of the peninsula and the busiest in August.

Sithonia: Nikiti, Vourvourou, Porto Koufo#

The second leg - pine forest down to the water, a chain of small coves and far less building. Quieter, more beautiful and a longer drive. Vourvourou's islets and Porto Koufo's natural harbour are the standout positions.

Mount Athos leg and Ouranoupoli#

The third leg, ending at the border of the monastic state. Few resorts, dramatic scenery, and a small market with little turnover.

Inland and the villages#

Olive country and hill villages behind the coast, with views down to the sea at a fraction of beachfront pricing.

What it costs on top of the price#

Budget around ten percent above the purchase price. Transfer tax, notary fees, Land Registry registration, legal fees and agency commission make up the predictable part. New-build property is treated differently from resale for tax, and the rules have been revised more than once, so confirm which applies to your specific purchase at the time you buy rather than relying on last year's figure.

If you intend to let the property short-term, registration is mandatory and the income is taxable in Greece. Factor the management fee as well: a house let professionally in Halkidiki will give up a meaningful share of gross to the people who run it, and running it yourself from abroad is harder than it sounds.

How the areas compare#

 KassandraSithoniaAthos leg
Price bandHighestHighLowest
InfrastructureBestModerateLimited
Drive from airport45-75 min75-120 min100-140 min
Letting demandStrongestGoodThin
August characterBusyCalmVery quiet

Does it rent, and for how long?#

Letting runs roughly mid-June to mid-September, which is shorter than the islands. What compensates is owner use: Thessaloniki is under an hour from Kassandra, so a house here is realistically used from April to October on weekends, which is not true of a property that needs a flight.

Beachfront is the other distinction. On most of the Cyclades, a house on the sea is out of reach at any sensible budget. In Halkidiki it is an ordinary thing to buy, and that - not yield - is why most people buy here.

For the mechanics that apply wherever you buy in Greece - the purchase sequence, the tax treatment, the Golden Visa thresholds and the title traps - see Buying a Summer Home in Greece.

Frequently asked questions

Why is Halkidiki not priced like an island?

Because supply is larger and the buyer pool is regional rather than global. The flip side is that you get beachfront and land for money that would not buy a studio on Mykonos.

Kassandra or Sithonia?

Kassandra for convenience, infrastructure and letting; Sithonia for landscape and quiet. If the house is to be used rather than rented, most people who know the area choose Sithonia.

How long is the season?

Shorter than the islands in practice - roughly June to September for letting - but the drive-to access means owners use it for weekends from spring to autumn.