When we refer to Greek real estate, your mind goes to some area of Attica or Thessaloniki. But what happens to the Greek islands, especially the big ones? Where, from spring to September and culminating in summer, they receive twice, three times, even five times more people?
First of all, let’s make it clear that Mykonos is out of the competition. There there are other rules there, completely different from the rest of Greece. Did you know that when the value of houses fell during the crisis and the memorandums by up to 60%, in Mykonos not only prices were kept high but there was also a rise? The increase even climbed at 20% The reason is the Airbnb? If you’d imagined it, then it’s official now.
So leaving the… Principality of Mykonos in its own reality, it is interesting to see which islands play high on the list of real estate. Where – in the Aegean or Ionian seas – the houses are a magnet for interested parties and their owner feels he has a small or large treasure in his hands?
Santorini and foreign investors
Santorini over the years has raised the bar and is playing hard in the real estate. Foreign investors are throwing endless money while the attempt to attract tourists from the top shelf is clear. Luxury and comforts need the corresponding wallets.
Market players speaking at Exploring Greece report that according to data and in addition to the above, two more islands from the Cyclades and two from the Ionian Sea complete the top five of the real estate. Naxos, Paros, Corfu and Kefalonia are four places where real estate blooms, with their prices having not only stable but upward trends.
At this point, it should be noted that there are properties everywhere in Greece that are considered as strong as those of Mykonos. Or Santorini and Naxos. Or Kefalonia. Simply, the six islands mentioned above lead the real estate race outside mainland Greece. While creating market trends and new investor-owner relationships.