The Greek island of macri is looking for a new owner this summer. Why can Greek islands be bought and sold privately?

Greece is one of the countries with the longest coastline in the world, with more than 6,000 islands in the Aegean Sea and the Ionian Sea. The largest island covers an area of more than 8,000 square kilometers, and the smallest island can only accommodate one sun chair. Of these thousands of islands, about 600 are owned by the government, and more than 140 are privately owned. At present, only 227 islands are inhabited, and most private islands have no permanent residents.

Selling Greek islands is nothing new. Most private islands in Greece are inherited and can be passed on to future generations. During the Greek 10 debt crisis, many private islands entered the real estate market. Some island owners decided to sell this important asset because they could not afford the high maintenance costs and taxes. In addition, some island owners hope to cash in by selling islands, thus gaining more liquidity. When owners decide to sell their private islands, they usually list them on professional real estate websites, but the asking price is usually not made public. According to Greek law, privately owned islands can be traded freely in the market, and there is no special requirement for investor status. According to the data, Warren Buffett and Hollywood superstar Johnny Depp are both Greek island owners.

Greek islands want to sell. For the sale of islands, it is not the land sale we imagined. It is not such a concept, because buying and selling islands through long-term lease has become a fashion in some rich countries around the world, and there are many countries, especially islands. One of its main pillars is shipping, and the other is tourism. After the economic crisis, the economic structure of the first two areas is very fragile.

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