Santorini Property

Pep1234511 Oct, 2020Real Estate

Santorini Property Insight Market Info High Rental Yields: Perhaps Santorini property market is one of the top rental yield performer markets in Europe! Yes... true.. just take a look how much the rooms are selling in different touristic sites i.e. booking.com, expedia.. and consequently, that makes the supply of sellable properties so low, which drives the property prices so high (basic economics, supply vs. demand). Therefore, Santorini property owners wish to keep their Santorini properties and put them on rent, and especially the daily rents and not the long-term annually rents! Which this, creates another problem in Santorini, big shortage of long-term rental housing units; the tourism of Santorini has been booming over the last 15 years and has brought up new economics to the island as well as demographics with more Athenians and other Greek people moving permanently to island for work and business opportunities.