Pages

Saturday, July 18, 2015

Here are the 11 cheapest Greek islands for sale right now

Greece has between 1,200 and 6,000 islands, according to a range of different estimates, and there is no definitive answer on how many the Greek government owns. What we do know is that dozens of islands are up for sale, and British property agent Knight Frank is predicting a "fire sale" of Greek privately owned islands over the next few years. If the Greek government does become desperate, it can also hawk off some of its island assets to help raise the €50 billion (£36 billion, $55 billion) that is needed to appease its creditors. On Private Islands Online, some islands are going for as little as €3 million (£2.1 million, $3.3 million). That's less than a house in an upmarket place in London like Chelsea.  Check out some of these beautiful islands that a could be easily bought by wealthy investors from Private Islands Online.11. Omfori Island — €50 million (£36 million, $55 million). Location: Ionian SeaDevelopment: Partially DevelopedSize: 1,112.00 acres / 4.5 million square metres This partially developed island has only one building: the one you see in the picture. It does, however, have planning permission for someone to build on 20% of the island. Private Islands Online says in the prospectus that if the buyer can prove that it is a good investment to build more properties on the island, the Greek government is likely to grant further permission. 10. Dulichium Island — €40 million (£28.4 million, $44.1 million). Location: Ionian SeaDevelopment: NondevelopedSize: 1,335.00 acres / 5.4 million square metres This is the largest private island for sale in Greece right now. The highest point on the island is 250 metres above sea level. It has about 4,000 olive trees, shrubs, and dwarf bushes. It is undeveloped but presents an opportunity for someone to turn it in a luxury-hotel resort. 9. Northern Aegean Island — €35 million (£25.9 million, $38.6 million). Location: ChoraDevelopment: NondevelopedSize: 86.00 acres / 348,029 square metres This island is only half an hour away, by speedboat, from Athens. Numerous international developers are already showing an interest, according to Private Islands Online, because of the island's close proximity to the Greek capital. See the rest of the story at Business Insider


READ THE ORIGINAL POST AT uk.businessinsider.com