An article posted on ‘Business Insider’ site claims 6,000 Greek island are up for sale. The piece does not make it clear whether the islands are under state ownership. ‘What we know is that tens of Greek islands are for sale and that the country (Greece) is suffering from a series of austerity measures and is waiting for economic support from its international creditors-so every cent counts’, says the piece. Online real-estate site ‘Privateislandsonline.com’ has listed some of the islands included in the Business Insider article providing price tags as low as 3 million Euros. ‘The cost is lower than a house in an expensive area in London’, reads the piece in Business Insider. According to the article, a number of islands were sold via ‘Private Islands Online’, purports the article. This is the list of the 7 cheapest Greek islands available:

7. Dulichium Island — €40 million (£28.4 million, $44.1 million)     
Location: Ionian Sea
Development: Non-developed
Size: 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.

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

Location: Chora
Development: Non-developed
Size: 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.
5. St. Thomas — €15 million (£10.7 million, $16.5 million)

Location: Saronicos Gulf, near Corinth
Development: Non-developed
Size: 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.”
4. Kardiotissa Island — €6.5 million (£4.6 million, $7.2 million)

Location: Aegean Sea
Development: Non-developed
Size: 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.
3. Stroggilo Island — €4.5 million (£3.2 million, $5 million)

Location: Dodekanisa
Development: Non-developed
Size: 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.
2. Kythnos Island parcel — €3.5 million (£2.7 million, $3.96 million)

Location: West of Cyclades, surrounded by the Aegean Sea
Development: Developed
Size: 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.
1. Lihnari Peninsula — €3 million (£2.1 million, $3.3 million)

Location: 10 minutes west of Corinth
Development: Non-developed
Size: 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.