June 13, 2020 ⋅ In the Press

THE NATIONAL HERALD: Mykonos Housing Market Awaits Return of Foreign Buyers

THE NATIONAL HERALD: Mykonos Housing Market Awaits Return of Foreign Buyers

NEW YORK – As the global coronavirus pandemic lockdown begins to lift gradually in Greece, the real estate market is awaiting the return of foreign buyers especially on the popular tourist destination of Mykonos, the New York Times reported on June 10.

Highlighting the well-known island in the Cyclades, the Times article pointed out that “sugar cubes,” the typical style of the whitewashed houses on the Aegean Sea, are available for about $2 million or 1.9 million euros.

With lush photos of a modern five-bedroom villa, the Times included the description of the home “nestled in a rocky hillside overlooking Kalo Livadi, one of the longest sandy beaches on Mykonos… the 2,600-square-foot house, a three-story version of the quintessential sugar-cube homes of the Cyclades Islands, was built in 2015 from whitewashed concrete with accents of local stone. Known as ‘Morgan,’ it sits on half an acre in the southeastern part of the island.”

Savvas Savvaidis, president and chief executive of Greece Sotheby’s International Realty which has the listing, told the Times that “the property was designed with a sense of fun and romance,” adding that “you have the luxury to enjoy outdoor living.”

Read the full article here