Private islands in Greece available for the price of a London home

The prices of private islands in Greece are becoming ever more attractive to foreign buyers, having declined 40 percent on average since the start of the financial crisis at the end of 2008. One can now purchase an islet under the sun at a similar price to that of an average-sized house in a London suburb. For instance, the asking price for privately owned Mikri Lesvos, an islet off the coast of Pamfila village on Lesvos, is only 800,000 euros.

Estate agents who monitor the market for small islands say that the political instability of recent weeks has not had a major impact on demand given the attractive rates in the Greek market compared to other countries. However the political uncertainty is being used as an argument by candidate buyers in a bid to reduce the asking prices …. http://www.ekathimerini.com