Thursday, Jul 29, 2010
Anyone for a bargain? wait a bit longer for 90% drops
Bloomberg: Greek Villas Marked Down 45% as Crisis Hits Island Homes
Greek island homes, long coveted by millionaires and Hollywood stars such as Tom Hanks, are being marked down by as much as 45 percent as the country’s debt crisis destroys demand for holiday getaways.
A half-built villa on Mykonos, an island in the Aegean Sea known for its all-night beach parties, is being offered by brokers at Athens-based Ploumis Sotiropoulos OE for 2 million euros ($2.6 million) after the price was reduced by 500,000 euros. The same firm is seeking a buyer for a three-bedroom home on Corfu for 750,000 euros, down from an original asking price of 1.4 million euros. So far, no bidders have emerged.
Posted by mark @ 09:54 AM (204 views) Add Comment
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