August 18, 2021 ⋅ In the Press

Maxim | Buying into Mykonos

Maxim | Buying into Mykonos

Highlighted in Maxim Sept/Oct issue the popularity of Mykonos and the real estate opportunities the island presents.

According to Despina Laou of Greece Sotheby’s International Re-
alty, Mykonos has “become a magnet for affluent property buyers
from all over the world”—and it’s not hard to see why. “Mykonos is
known for its vibrant and cosmopolitan lifestyle,” she tells us. “Peo-
ple are drawn to the unique atmosphere and impeccable services
the island provides.” Laou notes that “in the second quarter of this
year, directly compared with the second quarter 2020, we have seen
a 45% increase in enquiries speci"cally for Mykonos,” with several
high-end property deals having closed. “The countries leading the
demand are the UK, followed by Germany, France, Switzerland
and Austria, [and] the majority of buyers leading the demand fall
within the Gen X age group.” The median value of property re-
quests for 2021 is €2,300,000, or about $2.7 million, which is above
2020 levels.

“Whilst our priorities have changed over the course of the pan-
demic, the increased trend towards islands such as Mykonos is set to
continue,” Laou predicts, “in large part due to the lifestyle offered by
such destinations.” The most requested features are sunset views and
close proximity to Mykonos town, “whilst privacy and private pools
are a must,” in addition to an increasing trend towards indoor gyms.

Sotheby’s currently has a decent amount of inventory on Myko-
nos, with prices starting at about $2 million for a six-bedroom, six-
bathroom villa, going up to about $14 million for Casa Reale, “an
expansive property with appealing aesthetic equilibrium both in-
side and out,” that ranks as one of the island’s loveliest estates, in
Aleomandra. Some of the six master suites have private pools, while
others o$er a jacuzzi on the terrace, all the better so soak up the
world class views.