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 an active role in the field or Real Estate for over three decades on Mykonos island, what was the greatest change you have experienced?
Every year, on the altar of development, the great demand for purchase or rental of real estate brings about radical changes, spatial, urban and traffic related. Mykonos is among those top five islands of the territory that are champions on these changes. We would rather like all Greek islands to remain as they were 30 years ago. Unfortunately, this can’t happen and as a result we see significant changes every year.
Greek Real Estate is competitive due to the excellent prices we offer and comparatively we are hospitable with excellent quality, natural agricultural products, amazing natural clean beaches and exceptional Mediterranean climate.
What are the prospects of premium real estate on Mykonos in five years’ time?
Mykonos is now one of the most famous tourism destinations in the world. It is no coincidence that multinational catering and clothing companies, clubs and international brands have been established here. The island’s prospects are mostly referred to the hotels, concierge services and suppliers. I strongly believe that these sectors will continue to take central stage and embrace the arrival of international brands.
Dealing with the circumstances of the last two years, what is your biggest challenge?
As a matter of fact, the tourists’ traffic fell by 50%, a percentage lower than on other international islands. However, this reduced influx of tourists and investors brought forward better priced opportunities for some who did not miss this opportunity.
Mykonos’ prospects are mostly referred to the hotels, concierge services and suppliers. I strongly believe that these sectors will continue to take central stage and embrace the arrival of international brands.
Regarding villas, what are the characteristics of the most sought-after investment?
The characteristics can be summed up in privacy, easy access, sea view, large pool, gym and spacious interiors.
What are the characteristics of a residential property either on the Athenian Riviera or on the islands that attract the investors’ interest?
Good architecture, careful construction, design layout, spacious rooms and remarkable outdoor living, many electrical facilities and prime location: these are the prime advantages of a sought-after property.
Mykonos is among those top five islands of the territory that are champions on radical changes.
Is Greek Real Estate competitive compared to the ones of Western European countries?
Of course, it is competitive due to the excellent prices we offer in Greece and comparatively we are hospitable with excellent quality, natural agricultural products, amazing natural clean beaches and exceptional Mediterranean climate.
According to you, in what terms will the Ellinikon develop Real Estate around Athens Riviera?
The Ellinikon, along with the casino, stands as one of the largest construction developments in Europe, including skyscrapers, houses and many more buildings, due to its excellent location.