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The gray-haired businessman smiled as the sun "fell" into the sea. The view of the house that he had just bought in the city of Mykonos and the harbor was just beautiful at that time, when the orange sphere gave the blue of the sea.
The real estate agent behind him – the most experienced of the island and he smiles too. He had sold this specific villa of 1000 m². instead of seven million euros on the island that has become the real estate of El Dorado in recent years. According to the Algean Property Report and the badysis of market prices and rents, Mykonos offers the best yields in the Mediterranean. Leaving behind the famous seaside resorts like Saint Tropez, Sardinia, Capri and the Riviera, this dry skinned Aegean Sea in which you buy a house paying € 6,500 per sqm.
Last year, thirty houses were sold to Windward Island with prices ranging from six hundred thousand euros to seven million.
Luxury home sales are estimated to have surpbaded 50 million euros last season, with clients primarily of money from Europe and the United States. Indeed, many new homeowners rent their homes for much of the summer, with prices that can even reach twelve thousand euros a day.
The Gold Medal of the Mediterranean
Over the past two years, Mykonos leaves behind that it is the golden island of Cyclades, is the value of the housing market of luxury, renowned resorts of the international jet-set, such as Costa Rica Amalfiata, St. Tropez, Sardinia, Capri, Nice, Marbella and Ibiza
. according to the report prepared by Algean Property, it increased by 500 euros compared to last year, reaching six thousand five hundred euros
It also remains a champion of high returns on real estate sales in the Mediterranean with 8, 5%, followed by Santorini and
This summer as well started for the purchase of real estate, on an island that suffocates from the abundance of houses and the construction of new homes
In the same time, the foreign buyers that they want to n change something in their home or do some expansion, facing the monster of the Greek bureaucracy. The island that appears on the map of real estate in the Mediterranean has no more urbanism and anyone interested should go to Syros for his record. There are people who have bought plots for two years and can not yet build, while at the same time they are building new houses without a building permit in a few weeks.
Nevertheless, the interest in the purchase of a house is steadily increasing, not by Arab or Russian millionaires, but by Europeans and Americans having a great situation financial. They know very well that the island has dominated the world tourist map in recent years and has seen the purchase of a house and investments.
And if the 6,500 euros per m². (19650000)
At the same time at their peak they are very numerous, suffice it to say that the square meter in Saint Tropez costs 16,500 euros, Cannes 14,500 euros and Capri 11,500 euros
there are rents of luxury homes on the Isle of Winds, with prices ranging from one thousand euros a day for a small house to twelve thousand euros
There are entrepreneurs who exploit the real estate and who have gradually built over the years a stable customer base, but taking care to be p nepeis and satisfy the requirements of the maximum rich who come for ten or fifteen days to Mykonos.
Constantine Koroniotis engaged in the rental of luxury homes and yachts area, but the island is optimistic. "The year is very good this year too.I am moving and operating strictly with a clientele from Lebanon, Dubai and United Arab Emirates only.I have built a relationship of trust with these people who come every year. in Mykonos and all they want, it's fun and well spent.They are not exalted, they know and respect the island, and when they come they appreciate every moment , especially the Lebanese. "
But there are some who do not come over a month or three weeks on the island as in the past rents for luxury homes were started. So, they stay five days and leave for Ibiza or Marbella where rental rates are 40% below Mykonos. An island where anything can happen, since the things that are done are not preceded by
A typical example of people who do not benefit from any other situation are the entrepreneurs who are active on the island and do not can not find shelter for workers in their stores. Room rental rates have increased in recent years in Mykonos, where now for a room of fifteen square meters. with the familiar sofa bed a small refrigerator and a bath specimen that the owner asks for one hundred to one hundred and fifty euros without physical proof.
Thus, many entrepreneurs reach their limits with the "black" demanded by the Mykonians to welcome employees of clubs, restaurants, clothes shops, etc.
One of those who visited two "holes" as he described them in Marathi, where two people were lying in one of them, he heard the surprised owner say to him: "This is what four people sleep here, they will not be comfortable, but they will be fine. "This room did not even have a kitchen, but a faucet and a shower, and for a table, it does not have a kitchen, There was no reason, but the shock was not over for the businessman. The "hole" of 12 m² that would have slept according to its owner four people, rented for 8,000 euros in the season, without physical evidence. This is not, of course, the only one. This work is done by others who ask what they want, knowing that in the end the rooms will be rented in this El Dorado of impudence. Where logic has been lost for years and will probably be delayed to return …
See here the survey of prices for purchase and lease in the Mediterranean
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