GREECE BOUNCES BACK
Porto Heli to open their fi rst Greek outpost, with branded hotel room suites for sale from €400,000 (
portohelicollection.com). T ese party pads will suit anyone who
is very keen to have a rooſt op sushi bar a few steps away, a yacht club, spa, fi tness club, stylish pool with loungers – or to benefi t from healthy rentals returns from their investment. T e rooſt op duplexes are especially chic,
with roof garden and Jacuzzi, but all rooms come with a sea view, balcony or terrace. If you head south-west down the
Peloponnese towards Messinia and specifi cally Kalamata (which has its own airport supplied by Easyjet), you can get very reasonable properties in another unspoilt area with lush vegetation, dramatic scenery and great beaches. For example, you can get a wonderfully
characterful traditional Mani tower house with three bedrooms for €140,000, reduced from €240,000. In a peaceful location with sea views, it is ten minutes from the beaches and amenities of Stoupa (below, right). Alternatively, you can get an equally
characterful two-bed stone house (bottom right) in the pretty fi shing village of Ag Nicholas, near Stoupa, for €170,000 (both through O’Connor Properties (
oconnorproperties.gr). According to
holidaylettings.co.uk,
rentals enquiries for the Peloponnese tripled during 2013, with 2014 on course for
a 75 per cent spike, so demand is certainly there for vacation lets.
Corfu Moving west to the Ionian islands, next up we look at Corfu. At the high-end, on the exclusive north-east coast, the island has begun to attract Russian buyers, but there is a lack of supply of premium properties, according to Alexandros Moulas of Savills Greece (
savills.gr). “T e perception of Greece abroad has now
improved now that the economy has stablised. Eighty per cent of our customers want Corfu or Mykonos because these two islands off er some of the best properties in Greece. In the last year we have had [individual] sales of €7.5m and €9.7m in Corfu.” At a more typical level, in Corfu you can
get a substantial detached villa on a 4,000m2 plot and sea views – within walking distance of a taverna or a village - for €700,000. A Property in Greece has a selection of
properties across Corfu perfect for summer boltholes, including a pretty country style terraced cottage reduced from €150,000 to €99,000. With three bedrooms and 140m2 of internal living space, it’s not poky, and near Kassiopi north-east Crete it is also in a popular area. Or in Skripero – also North Crete – a
stunning three-bedroom, two-bathroom village house of 187m2 down from €395,000 to €273,000 (
www.apropertyingreece.com).
Kefalonia Sticking with the popular Ionians, Kefalonia is also in demand with home-hunters, with its legendary clear waters and beautiful landscapes. Historically it’s been popular with the 40-plus market – semi-retirees in particular – for its peaceful and laidback feel. It’s not been overdeveloped by tourism
and there isn’t an oversupply of luxury properties, in fact there’s been been rather a shortage of homes suitable for overseas owners, something that Athens developer Mark Whitehouse, of DesignR Developments, is addressing. “During the last decade the Greek
government has begun to release some land for development – it has always been strictly controlled – and we are building the fi rst project of dedicated holiday homes,” he says. “In one of the prime locations, just
minutes from one of the island’s main seaports, we have aimed to create high- performing investments for buyers.” T e beachfront development, in
Karavomylos (below, leſt ), consists of 45 apartments, priced from €90,000 to €330,000 (
designr.gr). All have access to a shared pool. Buyers so far have been British, Greek,
Italian and Middle Eastern, and occupancy of the rented apartments is 100 per cent, according to Mr Whitehouse who says that one-beds rent for €70-95 per night; two-beds from €120; duplexes that sleep six from €180. Also on the island, a well-established local
Three-bed Mani tower house, Peloponnese: €140,000 (£111k) Nikki Beach Resort & Spa, Porto Heli Bay, Peloponnese: from €400,000 (£318k)
Apartments at this new beachfront complex in Kefalonia are available from €90,000 (£72k) and are very easy to rent out
Two-bed stone house, Ag Nicholas, Peloponnese: €170,000 (£135k)
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