Mykonos has been a global tourist destination for decades. Millions of tourists from across the world visit the island, swim on its enchanting beaches, admire the sights of Cycladic architecture and live in the frantic rhythms of absolute fun.
With property prices showing a 30% correction from 2008 levels, demand for residential and commercial properties purchase on the island is rising steadily. Global demand for short-term real estate rentals is escalating, Mykonos villas for rent for example, making the island a very attractive destination for real estate investors, with a gross annual rate of return on invested capital between 8-12%.
Properties of all types, ranging from apartments in residential complexes to luxurious villas several hundred square meters large, are available for sale; first, to meet the needs of their buyers and, second, to be rented to the millions of visitors landing on the island on a daily basis during the summer months.