Mykonos reaching 12,000 euros per square metre for high-end properties

Α Decrease font Enlarge font
Mykonos reaching 12,000 euros per square metre for high-end propertiesHigh returns for Greek holiday properties

Hamburg, 21 March 2019. At the beginning of this year, Engel & Völkers opened its Market Center (MC) in the Greek capital Athens. The MC’s brokerage region also encompasses the Cyclades islands in the Aegean Sea with the internationally recognized island of Mykonos. “The Greek economy has recovered after years of crisis. Economic growth began late in 2016 and it is expected to resume in 2019. This economic development is also having positive effects on the property market. Buyer confidence in Greece has returned once again,” said Natalie Leontaraki, Managing Director of the Engel & Völkers MC Athens.

Top prices of up to 12,000 euros per square metre

Buyers from Europe dominate the market of Mykonos. The island is particularly popular with Germans, Swiss and Austrians. Prospective clients from Israel have also discovered Mykonos. The prime locations are in the villages of Chora, Tourlos and Aleomandra near Mykonos Town, as well as in the areas close to the beaches of Kalo Livadi, Kalafati and Ftelia. In 2018, prices for freehold apartments here reached as high as 12,000 euros per square metre. Villas sold for up to 8.5 million euros during the same period. Real estate on the Cyclades island makes for a stable capital investment. “In a ranking of the highest returns – reaching 8 percent yields – from real estate investments, Mykonos is the frontrunner ahead of all the other Greek islands and the entire Mediterranean,” said Natalie Leontaraki.

In the high-demand area of Tourlos, Engel & Völkers is currently brokering the exclusive “Villa Majestic” for 9.5 million euros. The Greek architect Christos Vlachos was inspired by ancient Cycladic architecture when envisaging the design for this residence. The combination of stone and wood brings a tranquil harmony to the open plan spaces with their large window frontages. A total of 700 square metres of living space host nine bedrooms and nine bathrooms within a 4,000 square metres land plot. The grounds feature an infinity pool and a Jacuzzi.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Image Source: Engel & Völkers Market Center Athens

 

Tornos
  1. 25/06 19:58

    Moody's: Piraeus Bank's Tier II bond issue credit positive for Greek lender

  2. 25/06 01:55

    Concert by Greek singer George Dalaras on Wednesday in Tirana

  3. 24/06 23:41

    Brazilian soccer star Kaka on Greek island of Mykonos island with partner (video)

  4. 24/06 21:36

    TripAdvisor’s Travelers’ Choice Awards: Crete among “Golden Five”

  5. 24/06 19:40

    Greek Public Power corp launches campaign to collect €1.05 billion in arrears

  6. 24/06 13:28

    60 migrants awarded certificates by city of Athens for language and IT courses

  7. 24/06 11:01

    4th 'Beyond Borders' International Documentary Festival on Kastellorizo island

  8. 24/06 09:22

    Heavy rains and storms to hit Northern Greece

  9. 23/06 01:03

    Travel report: Why there is no experience like a Greek Summer

  10. 22/06 17:41

    New Archbishop of America Elpidophoros enthroned in New York ceremony

  11. 22/06 17:19

    Olympic brewery in 'Open Breweries 2019' initiative on Sunday

  12. 22/06 13:04

    20 parties and four coalitions to run in July 7 general elections in Greece

  13. 22/06 11:38

    US State Department urges Turkey to instantly reopen Theological School of Halki

  14. 22/06 02:14

    Autograph Collection Hotels debuts in Greece with Academia of Athens

  15. 22/06 01:44

    Business Tourism: Companies with a strong travel culture have a competitive advantage

  16. 22/06 00:54

    Hollywood star Nicolas Cage arrives in Cyprus for new film

  17. 22/06 00:33

    Enrique Iglesias brings his “All The Hits Live” tour to Greek city of Thessaloniki

  18. 21/06 19:30

    US ambassador underlines American companies' interest in privatisations

  19. 21/06 17:24

    Athens Acropolis Museum's walk-through excavation officially open to the public

  20. 21/06 15:55

    Byzantine pottery kilns unearthed during works in northern Greece

  21. 21/06 13:50

    Heatwave in Greece during the weekend

  22. 21/06 02:26

    Times travel report: Discover the serenity of the Greek island of Tinos

  23. 21/06 02:13

    Archaeologists discover that ancient Celts drank Greek wine out of vases

  24. 21/06 00:15

    Symposium on the Greeks to grace on popular island of Paros

  25. 20/06 23:46

    Greek olive oil from Olympia sweeps international awards

  26. 20/06 23:33

    National Herald announces 50 Wealthiest Greeks in America 2019 List

  27. 20/06 22:28

    New evidence debunks British Museum’s stance on Elgin Marbles

  28. 20/06 22:24

    Athens Acropolis Museum head hails institution's 10th birthday

  29. 20/06 21:55

    OECD study records that Greek SMEs have competitive handicap

  30. 20/06 21:43

    Airbnb survey on 2019 LGBTQ+ tourism trends

  31. 20/06 19:32

    Hilton report on iconic chain's 100th anniversary: Welcome to the Hotel of 2119

  32. 20/06 17:10

    American Society of Mechanical Engineers honors Antikythera Mechanism

  33. 20/06 15:01

    Top Model Alessandra Ambrosio enchanted by Santorini’s mesmerizing beauty

  34. 20/06 13:49

    Greek President calls for Elgin Marbles return at Acropolis Museum event

  35. 20/06 11:35

    Run along the Caldera at the 5th Santorini Experience from October 4-6

  36. 20/06 09:56

    Foreign scientists to attend conference on Greek contributions in Paros island

  37. 20/06 02:40

    Media: Has Lindsay Lohan abandoned her Mykonos Beach Club?

  38. 20/06 02:05

    Summer Solstice 2019: People celebrate the longest day of the year on June 21

  39. 20/06 01:42

    Travel report: Symi, a small wonderful Greek island with a rich history

  40. 20/06 01:26

    Greek opposition head: Kavala and Alexandroupolis port privatization must proceed

  41. 19/06 23:47

    Traffic restrictions in downtown Athens for SNF evening races on Sunday

  42. 19/06 23:26

    New fiscal warning from Bank of Greece governor Stournaras

  43. 19/06 23:24

    European Commission: Greece improving in terms of innovation

  44. 19/06 21:22

    Greece takes part in inaugural anti-Semitism meeting in Bucharest

  45. 19/06 17:56

    Skytrax awards: Aegean is Best Regional Airline in Europe for 9th year

  46. 19/06 15:50

    European Coffee Federation: High taxation boosts smuggling in Greece

  47. 19/06 13:37

    4th Aviation and Flight Academy at Athens International Airport

  48. 19/06 11:23

    Onassis Cardiac Surgery Center to launch lung transplant program in Athens

  49. 19/06 09:35

    Greek director Lanthimos adds personal touch to Gucci's cruise collection

  50. 19/06 02:48

    Survey: Passengers want governments to focus on sustainable fuels to cut carbon

  51. 19/06 02:29

    Tourist arrivals to Cyprus drop 3.5% during May 2019

  52. 19/06 01:19

    Plisskën Festival returns with another dynamic lineup in Athens

  53. 19/06 01:15

    41K Greek taxpayers and firms apply for 120 installments for social security arrears

  54. 18/06 02:42

    UNWTO Executive Council: Tourism, a global force for growth and development

  55. 18/06 02:41

    CheapOair: Athens in top-10 European destinations for summer 2019

  56. 18/06 02:36

    Greek banks reduce borrowing from ELA to €1 million in May 2019

  57. 18/06 02:02

    Greece in top-10 countries in electric power production from green energy

  58. 18/06 01:38

    Global conference on climate change impact on cultural heritage in Athens

  59. 18/06 01:33

    Canada’s HEXO acquires medical marijuana license in Greece

  60. 18/06 01:31

    Tottenham’s defender Kieran Trippier with wife Charlotte in Mykonos

  61. 18/06 01:27

    Primary surplus of €918 million for Greece in first five months of 2019

  62. 18/06 01:04

    Bloomberg report: Greece needs more butlers for affluent tourists

  63. 18/06 00:54

    Cyprus hoteliers witness 5-10% drop in bookings and turn to new markets

  64. 17/06 22:12

    US moves closer to re-joining UNWTO with high-level delegation in Baku

  65. 17/06 11:15

    New finds from underwater research on historic Greek island of Salamis

  66. 17/06 02:36

    UNWTO and Indonesia Tourism Ministry to promote culinary tourism jointly

  67. 17/06 01:04

    Cristiano Ronaldo meets local soccer star and model in Greek resort

  68. 16/06 19:35

    Crossing the Aegean Sea from Sounio to Santorini on kayaks

  69. 16/06 19:13

    Young refugee student in Leros island teaches Greek language to kids online

  70. 16/06 19:05

    Jethro Tull brings classic rock to the Athens Acropolis in Greece

  71. 15/06 20:15

    Protest at Greek Embassy in DC on alleged abuse of Santorini donkeys (videos)

  72. 15/06 15:16

    Travel Report: Chios, a wonderful and unspoiled Greek island

  73. 15/06 02:57

    Moody's downgrades Turkey's ratings to B1 and maintains negative outlook

  74. 14/06 22:09

    Greek chef enters Guinness World Record by cooking 3,378 burgers in an hour

  75. 14/06 21:49

    Tolls to rise on Athens highway of Attiki Odos on July 1 and January 1

  76. 14/06 20:19

    US Ambassador Pyatt leads Greek executives to USA investor summit

  77. 14/06 19:45

    World’s most popular musical ‘Phantom of the Opera’ in Athens from February 2020

  78. 14/06 15:40

    Greek civil service staff changes and holidays suspended ahead of elections

  79. 14/06 15:29

    Wage index in retail commerce sector rises 8.3% in Greece during Q1

  80. 14/06 11:44

    Greek island of Lesvos goes retro for Gen Next Party in Australia

  81. 14/06 03:28

    New programme for sustainable investments in infrastructure in Greece

  82. 14/06 03:13

    Ambassador lauds Greek participation in 2019 SelectUSA Investment Summit

  83. 14/06 02:52

    6th South European Union Summit begins in Malta today

  84. 14/06 02:50

    Barça Innovation Hub launches global sports tourism start-up competition

  85. 14/06 02:48

    First sanctuary for rescued dolphins opens on Greek island of Lipsi

  86. 14/06 01:44

    English rock band New Order to headline Day 4 at Release in Athens

  87. 14/06 01:20

    New railway line Thessaloniki-Kavala-Xanthi in northern Greece to cost €1.25 billion

  88. 14/06 01:02

    Greek bond market rally continues ahead of July 7 elections

  89. 14/06 01:01

    Bayern Munich star Alaba visits Mykonos with his personal Pastor

  90. 14/06 00:33

    Greek construction group completes major metro project in Qatar

  91. 13/06 23:04

    Hellenic Chamber of Hotels survey: Prices reduced by up to 13% this year

  92. 13/06 21:56

    Global Editors Network Summit 2019 opens at SNFCC in Athens

  93. 13/06 21:41

    Lesvos Food Festival to be held on July 2-7

  94. 13/06 21:35

    Greece climbs 14 spots on Global Peace Index for 2019

  95. 13/06 21:00

    Christiano Ronaldo on holiday at favorite Greek resort in the Peloponnese

  96. 13/06 19:49

    13th annual LA Greek Film Festival closing night and Orpheus Awards

  97. 13/06 19:25

    ERA becomes European authority for cross-border rail traffic in the continent

  98. 13/06 17:25

    Visitors and revenues to museums and sites rise in Greece during February

  99. 13/06 15:43

    Americans prefer European wines

  100. 13/06 13:33

    North Macedonia corrects provocative tourism promotion following uproar