News

Abandonded Shack On Greek Island Of Skopelos Sold For € 1 Million

Date: 19.09.2018 / TornosNews.gr / Comments (0)
Explosion of interest by foreign investors in Greek resorts..

There is something about arriving by ferry at a wonderful Greek port that makes you feel immediately relaxed. Reaching Skopelos, a lush island part of the Sporades cluster in the western Aegean, was no exception. The island where “Mama Mia”, one of the most successful and highest grossing Hollywood movies was shot, is rapidly becoming a paradise for property investors.

It is quite the contrast for travelers disembarking the old “Proteus” ferry of a different era with its worn upholstery in the sitting lounge, and bygone decor, as they enter the newly constructed five-star boutique hotel “Natura” at the island’s harbour with state of the art facilities.

The five-star boutique hotel “Natura” in Loutraki cost nearly 2 million euros.

Upon arriving at the reception of “Natura”, you can see that some serious money has gone into the project, as you check automatically via your smart mobile phone or device with the application “Ilumio”. You tap the screen at the door of the room and it opens automatically, the temperature is at the points you have selected and on the TV remote control, there is a button that connects you to Netflix.

The construction of the specific hotel cost nearly 2 million euros. It offers 900-euro suites per night private pools and a “Batmobile” boat that whizzes you to Loutraki from Skiathos in a convenient 10 minutes. They are signs that great things are happening on the island.

A beer at the “Steki tou Mastora” is the perfect spot to sit down and get some inside info on who is buying what, where. That’s where we found out that an Italian investor had been purchasing land plots on the island. He is just one of numerous foreigners who was drawn to the beauties of the island and decided to explore the opportunities.

Another one, a big shot Romanian lawyer bought a seaside plot in Armenopetra for 500,000 euros with the construction of his villa exceeding 4 million euros.

Nothing, however, compares to a property that recently changed hands. A Dutch businessman had for a long time set his eyes on a shack located on the Bloh coastline. He forked out a cool 1 million euros to become the owner of a shack after serious haggling. He intends to demolish the shack and build a holiday house, costing more than 1.5 million euros.

In Loutraki Skopelos, an American entrepreneur and major shareholder in Nike recently purchased 18 acres for 1 million euros and plans to build two villas, 500 square meters each, with the total investment amounting to 7 million euros.

Skopelos island is still an untapped paradise, and despite the fact that the biggest part of the first “Mamma Mia” was shot on its enchanting beaches, the locals did not manage to reap the benefit of the global exposure.

In fact, the slow-moving and cumbersome Greek state, mired in red tape forced the producers of the movie’s sequel of Mama Mia to elect Croatia, instead.

The Greek islands are a top tourist destination, but the most popular ones like Mykonos and Santorini are showing signs of saturation, leading foreign investors to turn to other places, such as Paros, Naxos, Patmos and now Skopelos for new investment openings with property agents projecting their prices will skyrocket 5 years down the road.



http://www.tornosnews.gr/en/tourism-businesses/real-estate/32594-real-estate-report-abandonded-shack-on-greek-island-of-skopelos-sold-for-e-1-million.html

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON