Mykonos City Guide
Mykonos is Greece's most-prestigious island luxury destination — a 105 km² Cycladic island that has become Europe's leading celebrity-and-jet-set summer capital. The island hosts roughly 10,000 permanent residents but swells to 200,000+ during peak summer (June-September). Property prices range €7,500-€12,000/m² across the island, with Psarou (€10,800/m² avg, €4.5M+ villas) and Agios Lazaros (€8,500/m²) as the ultra-prime zones. Gross rental yields reach 8%+ on premium villas — among the highest of any Greek market and one of the strongest globally for Mediterranean luxury — driven by villa nightly rates that top €500-€5,000 in peak season. Greece's mandatory EOT (Greek Tourism License) regime applies to all short-let villas. The Greek Golden Visa 2.0 €800K Attica-equivalent tier applies for some of Mykonos.
Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.
