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Greek Private Uninhabited Island to Be Put Up For Auction

A Greek private uninhabited island on the coast of Greece will be auctioned in September, this year, for an amount that will start from $10 million.

Selling the Aegean island, part of Spalathronisia archipelago, located just 500 meters from the Halkidiki peninsula in northern Greece, features 10,4 ha and its cost will exceed the price of  the group of six iconic private islands sold in March, this year to the Emir of Quatar, Hamad bin Khalifa al-Thani, for €8,5 million.Greek Private Uninhabited Island to Be Put Up For Auction 2

Lately, many Greek islands have been sold following the government’s decision to increase property taxes in order to stabilize the country’s economy after four years of crisis.

The daughter of the Russian billionaire Dmitry Rybolovlev bought in April, this year, the Greek island Skorpios in the Ionian Sea, where the magnate Aristotle Onassis married Jackie Kennedy in the ‘60s.

Although the value of the transactions wasn’t revealed, specialists say that the amount exceeds €10 million.

The Greek government rather accepts leasing the islands than selling them.

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