Marcus Gondolo-Gordon viewing Greek coastal property from helicopter over Santorini
Marcus Gondolo-Gordon  ·  Founder, Pelagos Private Office

Would Marcus
Recommend It?

Not a travel guide. Not a property listing. An honest, considered assessment of the Greek locations I know best — who each place genuinely suits, who it doesn't, and why.

Marcus Gondolo-Gordon

Marcus Gondolo-Gordon

Marcus signature Founder  ·  Pelagos Private Office  ·  Corfu & London

"Every week, someone asks me which Greek island is best. The honest answer is: it depends entirely on who is asking. The wrong location — even a beautiful one — can make a client's life in Greece harder, not better. These are my genuine views. They are not designed to sell you a specific place. They are designed to help you find the right one."

Assessment 01

Corfu for families

Yes — with some caveats

Corfu is where I live, and it is where I would choose to raise a family in Greece — but I would be doing you a disservice if I didn't explain the caveats. The north-east coast, where the finest properties are found, is genuinely exceptional: landscape, climate, community and water quality that is hard to match anywhere in the Mediterranean. The island has a permanent, year-round population of international families, a handful of good schools, a functioning hospital and a level of infrastructure that most of the smaller Ionian islands cannot match.

The caveat is schooling. If you have children who need a full IB curriculum or a strong British A-level pathway, Corfu's options are limited compared to Athens. Families who have made this work have typically combined local private schooling for younger children with boarding school arrangements for secondary years — which is a significant commitment and not for everyone. If schooling is your primary constraint, I would look at Athens first.

Well suited to

  • Families with younger children (under 12)
  • Those who prioritise outdoor, coastal life
  • Buyers seeking privacy and space
  • Year-round residents who travel regularly
  • Those comfortable with boarding school for secondary

Less suited to

  • Families needing full local secondary schooling
  • Those who require daily business flights to London
  • Buyers seeking a large international social scene

"The north-east coast of Corfu is where I would put my own family. But I tell every client with secondary-age children the same thing: solve the school question first, then find the property. Not the other way around."

— Marcus
Assessment 02

Paxos as a first Greek home

Excellent — if you know what you're committing to

Paxos is the most private island in Greece. It has no airport, a single small hospital, limited year-round infrastructure and almost no public property inventory. For the right buyer — and there is a specific type — it is exceptional. For the wrong buyer, it is isolating.

What makes Paxos work as a first Greek home is if you are serious about privacy, happy to use Corfu as your operational base for schools and medical appointments, comfortable arriving by ferry or private boat, and content with a small, deeply loyal community of permanent international residents. The island rewards commitment. It does not suit those who want to "try out" Greece — it is a decision, not a dip of the toe.

Properties on Paxos almost never appear publicly. The finest estates trade between families with existing island connections. If Paxos is what you want, the only way to access it properly is through someone who has those connections. I do.

Well suited to

  • Buyers seeking maximum privacy above all else
  • Those without school-age children
  • Couples and established families
  • Buyers comfortable with boat or helicopter access
  • Those making Greece a primary residence

Less suited to

  • Families with school-age children as primary residence
  • Those who need frequent direct flights
  • First-time Greece buyers who want to explore broadly

"Paxos clients are a specific kind of buyer. They have usually already lived somewhere like Corfu, know what Greece requires of you, and have decided they want more solitude and less infrastructure. That is a deliberate choice, not a compromise."

— Marcus
Assessment 03

Athens versus island living

It depends — on what your life actually requires

This is the question I am asked more than any other. The romantic answer is always the island. The practical answer is almost always Athens — particularly for families with children, professionals who travel frequently for work, or buyers who want Greece as a primary rather than secondary residence.

Athens has become a genuinely compelling city in the last decade. The Riviera — Vouliagmeni, Glyfada, Vari — offers coastal living with world-class schools, private hospitals, daily direct flights to London, New York and the Gulf, and a social and cultural life that no island can replicate. It is also where capital appreciation has been sharpest: 14–22% in prime locations in 2024–25.

The island answer — Corfu, Paxos, Mykonos, Paros — is right when lifestyle is the priority over infrastructure. When the question is "where do I want to spend my summers and perhaps eventually retire?" rather than "where do I want my children to grow up and my business to run from?" I push back on the island choice less hard.

Choose Athens when

  • You have school-age children requiring quality education
  • You travel frequently for business
  • You want Greece as your primary residence
  • Healthcare is a significant consideration
  • You are focused on capital appreciation

Choose the islands when

  • Lifestyle and privacy are your primary objectives
  • Children are grown or not a factor
  • You are semi-retired or flexible with work
  • You value community over infrastructure

"Most buyers come to me wanting an island. About a third of them, after a proper Discovery conversation, end up choosing the Athens Riviera. Not because I pushed them there — but because when we honestly mapped their life against the options, it was the better fit."

— Marcus
Assessment 04

Mykonos for investment

Yes — but eyes open

Mykonos has delivered exceptional capital performance and remains one of the strongest rental yield markets in Greece. But I am careful about recommending it to clients who are buying primarily to live there, rather than primarily to invest there. As an investment with personal use — a villa that earns significantly in summer and that you enjoy in May and October — it works very well. As a permanent or near-permanent base, it has real limitations: it is seasonal by nature, the permanent community is small, healthcare is limited, and pricing reflects demand that is driven heavily by tourism and reputation rather than pure liveability.

The supply constraint is real. Strict planning laws on Mykonos mean no new development of scale. That structural scarcity is what continues to drive pricing. For buyers with a clear investment thesis and realistic expectations about lifestyle, it remains a strong market. Aristi covers Mykonos directly and has access to inventory that is rarely publicly listed.

Well suited to

  • Investment-led buyers seeking rental yield
  • Those who want seasonal use — May, June, September
  • Buyers comfortable with a social, high-profile environment
  • Those seeking strong capital preservation

Less suited to

  • Families seeking year-round liveability
  • Those who want a quiet, private lifestyle
  • Buyers seeking authentic Greek community life

"The clients who are happiest with their Mykonos purchase are those who went in knowing exactly what they were buying: a premium asset in a premium location, with lifestyle as a secondary benefit. The ones who are disappointed expected it to feel like Corfu."

— Marcus
Assessment 05

Paros — the Cyclades without compromise

Yes — particularly strong right now

Paros is the market I am most bullish about for buyers who want a Cycladic base without the pricing, seasonality and social character of Mykonos. It has a genuine year-round community, a strong local economy, direct ferry connections and a quality of landscape — white marble villages, clear water, olive groves — that genuinely rivals its better-known neighbours.

The international buyer community on Paros is growing but not yet dominant. Pricing still offers value relative to Mykonos for comparable property. The market has been moving consistently for three years. Aristi is based there for significant parts of the year and has access to pre-market and off-market opportunities that are simply not findable through any public channel. I think Paros in 2026 is where buyers who missed Mykonos ten years ago wish they had been paying attention.

Well suited to

  • Buyers who want authentic Cycladic character
  • Those seeking value relative to Mykonos
  • Early buyers in a rising international market
  • Those who want year-round community life
  • Investment buyers with a longer horizon

Less suited to

  • Buyers seeking maximum international profile
  • Families requiring full secondary schooling locally

"I have started recommending Paros to clients who come to me with a Mykonos brief and a budget that would buy them something average there. The same money on Paros buys something exceptional — and I believe the gap will close significantly over the next five years."

— Marcus
Assessment 06

Lefkada for remote workers

Particularly strong — underrated

Lefkada is the Ionian island that serious buyers overlook most consistently — usually because it doesn't have the reputation of Corfu or the scarcity cachet of Paxos. That is, in my view, precisely why it is interesting. It is connected to the mainland by road bridge, which makes it significantly more accessible than any other major Ionian island. It has reliable high-speed internet across its main towns. Property values remain below Corfu's despite comparable landscape quality. And it has a growing international remote-working community who have discovered that the combination of Ionian water, reasonable cost of living and genuine connectivity is hard to find anywhere else in Greece.

For remote workers and digital professionals who want a primary Greek base rather than a holiday home, Lefkada deserves serious consideration. I am not yet seeing the client volumes here that the location merits, which suggests the window of opportunity remains open.

Well suited to

  • Remote workers and digital professionals
  • Buyers seeking value in the Ionian
  • Those who need easy mainland access
  • Buyers wanting year-round liveability
  • Early movers in a developing international market

Less suited to

  • Those seeking maximum privacy or prestige
  • UHNW buyers with a trophy asset brief

"Lefkada is the market I think is being consistently underpriced by the international property world. I expect that to change. The road connection alone makes it the most practically liveable island in the Ionian for someone who needs to function there year-round."

— Marcus
I wonder what Marcus would say about this?

Ask him directly.
That is what we are here for.

The assessments above are general views. Your situation is specific. A Discovery conversation with Marcus or Aristi is a personal, private discussion of which location genuinely suits your life — not a sales pitch for any particular place.

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