As a classical optimist, John Revithis can always detect the silver lining in every circumstance and as an experienced Real Estate specialist, he can foresee the grand development that lies ahead.
Having been active in the real estate industry on Mykonos for over three decades, what has been the most significant change you’ve experienced?
Each year, in the name of development, the high demand for purchasing or renting real estate brings about major changes—spatial, urban, and traffic-related. Mykonos is among the top five islands leading these transformations. Ideally, we would love for all Greek islands to remain as they were 30 years ago, but unfortunately, this isn’t possible, and as a result, we witness significant changes every year.
What are the prospects for premium real estate on Mykonos in the next five years?
Mykonos is now one of the most renowned tourism destinations globally. It’s no coincidence that multinational catering, fashion brands, clubs, and international companies have established a presence here. The future of the island will largely revolve around hotels, concierge services, and suppliers. I am confident that these sectors will continue to dominate and welcome the expansion of international brands.
Given the challenges of the past two years, what has been your biggest hurdle?
In truth, tourist traffic fell by 50%, which is still lower than the decline seen on other international islands. However, this drop in tourists and investors created opportunities for some, offering more favorable prices for those who seized the moment.
When it comes to villas, what are the most desirable features for investment?
The key characteristics include privacy, easy access, sea views, large pools, gyms, and spacious interiors.
What are the features of residential properties, either on the Athenian Riviera or the islands, that attract investors?
Properties that boast good architecture, thoughtful construction, a well-designed layout, spacious rooms, remarkable outdoor living spaces, numerous electrical amenities, and prime locations are highly sought after.
Is Greek real estate competitive compared to that of Western European countries?
Absolutely. Greek real estate is competitive due to the excellent prices we offer. In comparison, Greece is known for its hospitality, exceptional quality, natural agricultural products, pristine beaches, and the stunning Mediterranean climate.
In your opinion, how will the Ellinikon project impact real estate development along the Athens Riviera?
The Ellinikon, alongside the casino, stands as one of the largest construction projects in Europe, featuring skyscrapers, homes, and a wide array of other developments. Its excellent location makes it a prime hub for real estate growth.
