Greek Island Luxury Villa, Designed for Group Getaways

This contemporary, stone-walled villa with breathtaking views of the Aegean Sea, captures the essence of Kea island’s nature while inviting guests to experience a complete luxury getaway in the Cyclades.

This deluxe modern seafront holiday home is a perfect haven for larger groups seeking the ultimate relaxation and privacy. Featuring stunning indoor spaces with minimal decor, Selene Villa in Kea also boasts an oversized deck, two infinity pools, a sauna, a jacuzzi, a tennis court and a basketball court- enough to keep guests active and entertained all day long.

  • Insights Greece - Greek Island Luxury Villa, Designed for Group Getaways
  • Insights Greece - Greek Island Luxury Villa, Designed for Group Getaways

Selene is the perfect place to stay while exploring this under-the-radar Greek island, which happens to be the closest Cycladic isle to Athens (it’s only an hour away by ferry from the port of Lavrion in the Greek capital). Located on the southwest coast of Kea, Selene is just a short stroll from the gorgeous sandy beach of Kambi, where there’s also a taverna for those that wish to dine out.

Designed to blend in harmoniously with the shades, textures and peaceful vibe of its surroundings, the luxury property invites plenty of light to fill its interiors which are open, yet warm and welcoming. Stone, glass and wood add texture to the space, with selected pops of art adding a touch of character to the stunning space.

  • Insights Greece - Greek Island Luxury Villa, Designed for Group Getaways
  • Insights Greece - Greek Island Luxury Villa, Designed for Group Getaways

Featuring seven spacious bedrooms and seven bathrooms, it’s designed to easily accommodate up to 16 people; with the master suite located on one level, the guest rooms are found on the lower floor, where there is also a private terrace.

The outdoor deck is designed for entertaining and large all-day gatherings. With the infinity L-shaped pool taking centre stage- there’s also a spacious surrounding deck, dining and sitting area, a smaller pool at the lower level, professionally equipped bbq, outdoor kitchen, kids play area, ping pong tables, and plenty of space to sit back and enjoy the magical sunsets- while spending quality time with family and friends. 

Selene Villa in Kea 

Home Prices Rise Rapidly on Many Greek Islands

Buyers looking for a beachfront home on a Greek island are faced with a mixed market as asking prices on Serifos, Naxos and Paros rise rapidly, but drop on Skopelos and Patmos.

Demand has been picking up in Greece’s residential housing market in recent months as the economy rebounds from last year’s steep pandemic-induced recession and easing travel restrictions help attract foreign buyers.

Real estate agents say that buying activity from foreign nationals has been mostly focused on southern Athens, along the coastal area called the Athens Riviera, and the islands.

Data collected by Spitogatos.gr shows that the asking price for homes on the islands of Serifos, Samothrace and Poros topped the list jumping in the last year by 26.2 percent (to 2,649 euros/sq.m) 23.1 percent (to 1,066 euros/sq.m) and 20 percent (to 2,000/sq.m) respectively.

Next on the list come Antiparos, Naxos, Kythnos and Paros with hikes in selling prices reaching 17.6 percent (3,823 euros/sq.m), 15 percent (2,697 euros/sq.m.), 12.8 percent (2,255 euros/sq.m) and 12.5 percent (2,812 euros/sq.m) respectively

More than eight in ten potential home buyers on the Greek islands are foreign nationals, according to Georg Petras, CEO of Engel & Völkers in Greece, with strong interest coming from central European countries,

Strong interest is noted especially from Central Europeans coming from the DACH regions (45 percent from Germany, 15 percent from Switzerland and 10 percent from Austria) as well as the Benelux countries and the USA.

 

Price drops

On the downside, asking prices on the islands of Thasos, Ikaria, Skopelos and Patmos showed the biggest drop, falling 9.2 percent (1,309 euros/sq.m), 7.1 percent (1,300 euros/sq. m), 5.6 percent (1,062 euros/sq.m ) and 5.2 percent (3,359.7 euros/sq. m) respectively.

Next come Leros, Lesvos and Kea where asking prices dipped by 3.4 percent, 2.8 percent and 2.7 percent.

Demand solid demand for a holiday home in Greece, market experts warn that a recent property tax hike in the country may weigh on demand.

In June, the Finance Ministry announced an increase in the ENFIA property tax bill paid by property owners on popular islands, such as Mykonos and Rhodes.

The tax value of some homes on Mykonos, for example, jumped to 3,800 euros per square meter, from 1,200 euros. Sharp increases also appear in districts on the islands of Rhodes, Kos, and Kefalonia. The changes will take effect as of January.

This article was first published here. 

For more Real Estate News & Views on Greece and Europe’s South, head to The Greek Guru.

*Image courtesy of Serifos Houses