New York Times article about Greek islands real estate market
Potential investors, according with the detailed report, come from the US, China as well as countries from Northern Europe
An extensive article in the New York Times for real estate in our country begins with a villa on Naxos island.
NYT states that it is a luxurious house with a view to the Aegean Sea, which is sold for 1.8 million euros. The house is built in 2004 and is located in a prime area of 5,000 sqm over the “Mikri Vigla” beach, while it has seven rooms, eight bathrooms, four kitchens and two jacuzzi pools.
The house is current being rented but, according to the report, is also available for purchase for all those who wish to invest in real estate. The newspaper subsequently profiles potential buyers of real estate in Greek islands, realizing through their statements that prices have stopped dropping in Greece, but have stabilized.
Patrick Tkatschenko, owner of Mobilia Real Estate describes how the purchasing intent is renewed and how foreigners show a preference in purchasing Hellenic real estate.
“The majority of customers is looking for a good investment, as well as a home which will accommodate them after retirement, and Naxos is an alluring destination”.
“The island has great potential and is constantly being upgraded”, states Manolis Lagogiannis from Real Estate Agency who points out that buying interest per annum has risen by 30-40%.
“This has been taking place for the last two years and reflects the improved condition compared to 2009, which was the worst year. Each prosepctive buyer is willing to spend 150,000 to 250,000 euro for a house purchase in Naxos”.
Potential investors, according with the detailed report, come from the US, China as well as countries from Northern Europe. The interest of Britons, Germans and Canadians, is lower
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