Here are the 7 cheapest Greek islands for sale right now

Location: Ionian SeaDevelopment: Non-developedSize: 1,335.00 acres / 5.4 million square metres This is the largest private island for sale in Greece right now. The highest point on the island is 250 metres above sea level. It has about 4,000 olive trees, shrubs, and dwarf bushes. It is undeveloped but presents an opportunity for someone to turn it into a luxury hotel resort.Location: ChoraDevelopment: Non-developedSize: 86.00 acres / 348,029 square metres This island is only half an hour away, by speedboat, from Athens. Numerous international developers are already showing an interest, according to Private Islands Online, because of the island's close proximity to the Greek capital.Location: Saronicos Gulf, near CorinthDevelopment: Non-developedSize: 300.00 acres / 1.21 million square metres St. Thomas Island is only 20 minutes away by water taxi from Corinth in Greece and only 45 minutes away from Athens. It is also part of the Diapori chain in the Saronicos Gulf, an area of Greece mythologized for the lush emerald beauty of its picturesque islands.Location: Aegean SeaDevelopment: Non-developedSize: 280.00 acres / 1.13 million square metres This large property in the heart of the Aegean Sea has incredible transport links and is touted as a perfect place to set up facilities for sailing, diving, and adventure sports. Private Islands Online points out that the island is between Folegandros and Sikinos, which are both under 10 minutes away by speedboat. There is also a daily all-year-round link with ferries to Piraeus from both islands.Location: DodekanisaDevelopment: Non-developedSize: 54.00 acres / 218,530 square metres This 54-acre island is in close proximity to the popular island of Marathos, in the Aegean Sea. Though the island is undeveloped, Private Islands Online points out that the water can become drinkable with a small filtration process, and it is able to derive electricity from Marathos, which has an established power grid.Location: West of Cyclades, surrounded by the Aegean Sea Development: DevelopedSize: 47.44 acres / 191,182 square metres This island is just an hour from Athens by boat and already has 20 to 25 picturesque small houses, and because it is developed, roads, buildings, and local culture are ready to be given a boost by land development. The price has dropped from the original €5 million advertised price back in June last year.Location: 10 minutes west of CorinthDevelopment: Non-developedSize: 95.00 acres / 384,451 square metres The owners may be looking for a quick sale because the island's price was recently slashed in half. It has some luxury properties on the island as well as fresh water, a road, and lots of olive trees.

Cookies on the Business Insider India website

Here are the 7 cheapest Greek islands for sale right now

7. Dulichium Island — €40 million (£28.4 million, $44.1 million).

6. Northern Aegean Island — €35 million (£25.9 million, $38.6 million).

5. St. Thomas — €15 million (£10.7 million, $16.5 million).

4. Kardiotissa Island — €6.5 million (£4.6 million, $7.2 million).

3. Stroggilo Island — €4.5 million (£3.2 million, $5 million).

2. Kythnos Island parcel — €3.5 million (£2.7 million, $3.96 million)

1. Lihnari Peninsula — €3 million (£2.1 million, $3.3 million).