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Private Islands in Greece Up for Sale Due to Crisis

The crisis brought to Greece has had many advantages for millionaires. Several owners are trying to sell their islands because of the high taxes that were recently introduced by the government. As a result, prices have fallen in contrast to sales booming.
Oxia, an island owned by a Greek-Australian family, is for sale at the price of five million euros, maybe even less. The initial bargain price was about 6.9 million euros. The island is situated in the Ionian Sea, almost 40 km away from Itaca.
Patroclo’s owner, which is close to Cape Sounion, announced his intention to sell the island for 150 million euros. Despite being half the size of Oxia, its location next to Athens offers the possibility of attracting tourists, should the new buyer be interested. However, part of Patroclo, if not the entire area, can’t be built on due to existing archaeological sites.
Undoubtedly, the most famous Greek private island is that of Onassis’, Skorpios, opposite Lefkada. Athena Onassis, heir of Aristotle, is willing to sell the island to avoid additional taxes. Her parents are buried on Skorpios. Aristotle signed his will forbidding the sale of the island, which poses a problem for Athena, and she is now considering the option of renting out Skorpios for 99 years.

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