Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
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.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of investments in Mykonos Greece real estate listed by owner or agent, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus investment land, with or without planning permission, that can be developed on or sold again for future real estate development.
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.
Real Estate Agents and Property Developers in Mykonos, Greece
