The Return of Buyers to the Greek Islands

In the Overseas section of the ‘The Times’, end of May, it was reported that sales inquiries are now up with particular interest being shown in the Greek Islands and the Peleponnese.
Managing Director of Engel & Völkers Rhodes, Georg Petras, also stated that “Prestigious properties with sea views are in short supply on Rhodes” whose office sold a home last year for a record €13,000 per sq.m. However €4,000-€6,000 is more typical, and a prime 250 sq.m property now commands more than €1 million; a second-tier home is €600,000 to €800,000.  The most sought-after locations are on the east coast, especially Lindos, Vlicha and Pefkos, where Engel & Völkers is selling one five-bedroom villa for €1.5 million.

> To the press article

Posted in Residential.