Island lovers know that islands are a hot commodity and a valuable resource. In the case of Greece however, they may also be a way out of debt.
German Chancellor Angela Merkel recently recommended that Greece should sell of some of its state assets, including some of it’s private islands. According to reports, Josef Schlarmann, a senior member of Merkel’s Christian Democrats, and Frank Schaeffler, an MP for the Free Democrats - the junior partner in the centre-right coalition - apparently told Germany’s Bild daily that the Greek government should consider selling stakes in all its assets to raise more cash.
The BBC says that “dotted in the blue waters of the Aegean are some of the country’s most valuable assets - about 6000 islands, of which only 227 are inhabited”. Some sources say that your own private island could cost as little as 1.5 million euro.
Chris Krolow of Private Islands Online, in a statement did note that more Greek Islands will be coming on the market over the next few months, but would not confirm whether or not these properties would be listed by the Greek Government.
If the economic crisis continues in Greece this could present a rare opportunity to purchase a prstine Greek Island, something that rarely comes on the market.
Source: BBC



