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

Property

Luxury Properties for Sale in Porto Heli

Two and a half hours from Athens by road, with a marina scene, no ferry dependency and the quietest high-end buyer base in Greece.

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

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Where to buy in Porto Heli#

Porto Heli itself#

A deep natural harbour with a marina and a yachting culture built around it, plus the services that come with a town rather than a village. The practical centre of the area.

The Koilada and Ermioni side#

Working fishing harbours with a different, less polished character and prices to match. Ermioni in particular has a long-settled summer community and a boatyard economy.

The hillsides above the coast#

Olive terraces with long views over the channel to Spetses and Dokos, where most of the newer high-end villas with pools have been built. Views and privacy rather than seafront.

Spetses#

Across the channel, with no private cars in the town, Venetian-influenced captains' mansions and an entirely separate and very firm market. Buying on Spetses is a different transaction from buying on the coast opposite.

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 Porto Heli 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#

 Porto Heli townErmioni and KoiladaHillsides above
Price bandHighMiddleHigh
Stock typeVillas, marina apartmentsHarbour housesNew villas with pools
Boat accessMarinaWorking harboursDrive down
Letting demandNarrow, high endModestNarrow, high end
Winter lifeSomeRealLittle

Does it rent, and for how long?#

Letting here is a narrow, high-end business rather than a volume one. The season is essentially July and August with a thin June and September either side, and most houses are bought primarily for the owner's use.

What the area offers instead of yield is certainty of access. No ferry, no flight, two and a half hours from Athens on a road that works all year. For a second home that is meant to be used often rather than let constantly, that is worth more than a few extra rental weeks.

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 do Athenians choose Porto Heli over an island?

Because it is drivable on a Friday evening, there is no ferry to miss, and the islands they would otherwise want - Spetses, Hydra - are a short boat ride away without the cost and constraint of owning there.

Is there a rental market?

A real but narrow one, aimed at high-end summer lets rather than volume tourism. Most houses here are bought to be used by their owners, and the letting is secondary.

What about Hydra?

Hydra allows no cars and has a small, protected housing stock, which makes it a specialist purchase. Most buyers who want access to it base themselves on this coast and cross by water taxi.