Fira, the island’s busy capital, sprawls north into villages called Firostefani (about a 15-minute walk from Fira) and Imerovigli (the highest point of the caldera edge, about a half-hour walk from Fira). A path running through these villages is lined with upmarket hotels, restaurant terraces and endless photo opportunities.
These three conjoined settlements draw most visitors, together with the stunning and quite exclusive village of Oia in Santorini’s north. There’s a growing number of hotels in the island’s south, offering caldera views to the north and northeast. Akrotiri’s views come cheaper than Oia’s, but it’s a fair way from the action of Fira.