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Good time to purchase a Private island in Greece

  • Published by Ozgur Tore

private islands greece

It is a good time to have your own private island since the prices of private islands in Greece are becoming ever more attractive to foreign buyers.

The prices have declined 40 percent on average since the start of the financial crisis at the end of 2008. For instance, the asking price for privately owned Mikri Lesvos, an islet off the coast of Pamfila village on Lesvos, is only 800,000 euros.

It is estimated that there are some 50 private islands are now up for sale around the country.

With a recent legislation, non-EU citizens who buy properties worth at least 250,000 euros can get a five-year residence permit.

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