In a year where the pan-European economy is making the big real estate investors question their next action, luxury properties in top Greek tourist destinations continue to attract buyers.
Hence Greece Sotheby's International Realty, the well-known agency specialising in the promotion and sale of luxury homes on the Greek islands, as well as in selected locations on the mainland, has recently completed a record sale in Milos for a villa of unique architecture.
According to New Money, it is a cave, bioclimatic residence, on the south side of the island, about 14 kilometres from Adamantas and 5 kilometres from the nearest beach of Provatas.
The property, with a total area of 1,100 square metres was built in 2018, on an area of 16 acres and was put on the market with a price of around 6 million euros. The villa offers a unique view of the Aegean Sea and absolute privacy.
The residence has natural materials as dominant elements and an architectural approach that gives the feeling that it is part of the landscape and the special identity of Milos.
The record sale for the island comes at a time when, since the last months of last year, there has already been a brake and hesitancy on the part of international property buyers with higher incomes.
In its latest report on the course of the luxury housing market in our country in 2022, Greece Sotheby's International Realty highlighted that on the one hand there is "strong demand," however on the other hand, there is a "decline of interested buyers to close the final real estate purchase agreements."
And this despite the fact that in 2022 the average contract per transaction in Greece from this particular category of buyers reaches 2.9 million euros from 2.85 million euros and 2.46 million euros in the corresponding periods of 2021 and 2020.
The popular destinations in the Aegean remain the focus of interest for the rich in Greece and from abroad, who want to make a purchase now, starting with the most beloved in the Cyclades, Mykonos and Santorini, but now also on other islands such as Paros, Antiparos and now also Milos.
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