When it comes to holiday destinations, few are as famous and as popular as Mykonos, this is because this tiny yet beautiful island in the Aegean sea is home to very beautiful beaches but also exclusive nightclubs and extravagant beach bars. Simply put, Mykonos is the ideal destination for people who are looking to have a good time during their vacation and to spend a few days living like kings and rock stars, which is why buying a villa on this island is an amazing investment opportunity.
You might have noticed that more and more investors and businessmen as well as celebrities are becoming interested in buying Mykonos villas, why is that though? Well, there are many reasons for which buying a villa on this island is an amazing investment, so let’s check out the most important ones.
1: Incredibly popular tourist destination
We said earlier that Mykonos is a very famous and popular vacation destination, but just how popular is it? Let’s put things into perspective. Mykonos is a tiny island, but each and every summer for the last few decades, it receives hundreds of thousands and sometimes even millions of tourists from all over the world. Many of them are looking to have the vacation of a lifetime, which is why they choose to stay in luxurious villas while on an island famous for its opulence. In other words, if you intend to rent out your villa, you won’t have a shortage of potential guests.
2: High value visitors
Now, the fact that millions of people visit Mykonos doesn’t mean anything unless most people are also wealthy and eager and willing to spend their money. Well, we have good news for you: Mykonos is the kind of destination that tends to attract very wealthy and even rich people from all over the world. It’s not unusual to run into Hollywood stars and starlets, pop stars, heirs and heiresses, reality show stars and even Arab princes and other royalty at Chora, the island’s “capital city”. It goes without saying that only the finest of accommodations will do for people like this and they are more than willing to pay top dollar for luxury and relaxation while on vacation, which is why the island is full of extravagant and secluded villas.
3: The Greek crisis is a huge opportunity
We are sure that you are aware that Greece is going through an economic crisis and depression that’s like the Great Depression on steroids. While this is bad for the country and its people, it is good for foreigners who are willing to spend their money investing on this country. Mykonos villas used to be owned by Greek celebrities and businessmen, now they just can’t afford to keep them and they are more than willing to sell them for cash, even if they will only make back a fraction of what they actually paid for the properties back when they invested their money on them. Seeing as the country is starting to recover from the economic slump, we strongly suggest that you strike while the iron is hot and people are still willing to take a huge hit on their investments. It’s known, that the crisis in Greece has made real estate in Mykonos really “affordable” if something like that can be applied to villas.
4: Rent or flip, your choice
Once you own a Mykonos villa, you can choose to rent it out or just flip it for quick and easy profit. You won’t have trouble making money, regardless of your choice. Like we said earlier, Mykonos rental villas are fully books throughout the tourist season, which makes them a steady and reliable source of income. Also, since many investors are looking to buy a villa in Mykonos, if you choose to flip your villa, you will do so in a matter of days.