Cashed-Strapped Greece Offers Islands Starting at €1.5 Million
By timbaysinger • • Category: News & Noteworthy, Real Estate
Due to its dire economic situation, Greece is putting several of its smaller islands on the market.
Facing mounting pressure from European politicians, the country is beginning to sell off some of its highly prized assets. These include landmark buildings and an array of stunning islands.
Greece is made up of roughly 6,000 islands, however only inhabits 200 of them. Many of these islands are tiny and therefore barren, but some diamonds in the rough exist. Since the islands are owned by the state, the money garnered from the sales can go directly to slashing Greece’s national debt.
Most of the islands are located on the private island marketplace, Private Island Online. Some of the islands that are currently for sale are 2.5-acre St. Athanasios (€1.5 million), 300-acre St. Thomas (€15 million), and Skorpios, the highest priced island (€220 million).
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