Greece is the word: How to buy a summer home in sunny Mykonos

“Tourism is pushing construction activity in the Southern Aegean,” declares a headline on the Greek Guru property blog. The implication being, of course, that some holidaymakers are so taken by Greece that they end up never leaving and / or buying a home so they can ­return time and again.

Among the country’s many sun-dappled isles, Mykonos tops the list when it comes to inquiries by those looking for a second home, especially in the luxury category. About 30 per cent of the island’s permanent residents are foreigners. Of these, interest is at an all-time high from the Middle East, with Lebanon, the UAE and Egypt among the top 10 non-Greek nationalities to buy property on Mykonos, ­according to Nicolas Mugni, founder of Demeures de Grece. The Greece Sotheby’s International Realty outpost, meanwhile, reported a 220 per cent rise in transactions from 2017 to 2018, with the first six months of this year seeing the highest volume.

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