Distressed and Foreclosed Properties in Mykonos, Greece

Looking for distressed or foreclosed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Where is Mykonos in Greece and why buy luxury properties in Mykonos, or invest into luxury real estate in Mykonos.

Mykonos, due in part to its fame, attracts tourists including high-net-worth people, who in turn attract investors and buyers looking for luxury villas and houses, beachfront properties, and high-end apartments to buy for investment, or a mixture of investment and personal use.
Known thoughout the world, Mykonos is one of the most famous Greek islands, and is located in the Aegean Sea, being part of the Cyclades island group, based southeast of mainland Greece.

Mykonos can be reached by ferry from Athens, Piraeus or Rafina ports, and by air travel from Mykonos International Airport.

There are many places to find distressed or foreclosed properties in Mykonos, Greece, for example you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

If you are in the area you are focussed on, you can drive around neighborhoods looking for vacant properties, and you may find cheap distressed Mykonos, Greece property for sale with broken windows, or online you may find contacts for attorneys, property managers, and bankruptcy lawyers who may know of distressed or foreclosed real estate in the area.

If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.

Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.

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