Luxury Outlook 2022
An ambitious exploration into high-end residential markets across the globe.
Vineyard Real Estate
With its reputation for being a party paradise, favoured by celebrities and international A-listers, Mykonos is a small island in the Cyclades which has acquired a big reputation over the past few decades.A summer destination just 40 minutes flight time from Athens, it offers beautiful beaches, frenzied nightlife, high-end restaurants and superb accommodation ranging from cliff-top villas to boho boutique hotels. This is also an island with a strong LGBT culture and a destination where anyone who is someone has a designer villa or at least knows where the most exclusive hotels are. Fashionistas and socialites fly in discreetly and stay in prive´ hideaways or hang out in their superyachts in one of the island’s well-known bays while paparazzi bring out the telescopic lenses for superstar headshots.The Jenners and Hadids can be seen vying for attention with the likes of the ultra-rich, be that footballers like Ronaldinho, fashion icons like Georgio Armani or Hollywood stars like Hugh Jackman. Paradise and Super Paradise beaches are the places to hang out while Ornos, Psarou and Platis Yalos are also known for being celebrity faves, surpassing the now tre`s passe´ Ibiza. Dining is an elevated pastime on Mykonos, with all-day restaurants like Scorpios offering chilled-out cabana-style ambience and fresh seafood while Interni is for cosmopolitan foodies who like to overindulge on ceviche and champagne.Matogianni Street boasts designer boutiques and chic cafe´s while the scenic waterfront spot known as ‘Little Venice’ sports colourful verandahs hanging over the lapping waves. Mykonos offers a myriad of experiences and a wander through its pretty bougainvillaea bedecked alleyways evokes a real sense of island life mixed with sophisticated vibes.Property MarketMykonos is today one of the most attractive and promising luxury real estate destinations in the Mediterranean. Villas for sale in Mykonos are an excellent investment, ideal for capital appreciation as well as yield generating assets that may reach levels of 8% gross rental returns per year. Luxury turnkey villas on prime waterfront locations such as Aleomandra, St John, St Lazaros are currently priced on average at €12,500 per sqm while brand new villas further away from the seafront are priced at €7,500 per sqm.