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.