Greek Island Mykonos Awaits Foreign Buyers

As the global coronavirus pandemic lockdown begins to lift gradually in Greece, the real estate market is awaiting the return of foreign buyers especially on the popular tourist destination of Mykonos. The coronavirus pandemic has had an effect, during April and May agencies saw a surge and explosion of requests, registering a 166 percent increase year to year in qualified leads that attributed the inquiries to Greece’s flat curve during the COVID-19 crisis, a result of the immediate lockdown measures taken by the government when neighbouring Italy was overwhelmed. Mykonos, because of its robust luxury property market and its strong appeal to high-end tourism, will lead the recovery of the Greek property. Fani Dritsa, a real estate consultant at Savills Greece, told the Times that “it is too soon to know the real impact of the pandemic,” and success in the post-pandemic market depends on “what will happen when the travel restrictions stop and international buyers will be able to travel.”