Skiathos Sees Increase of Large Foreign Investment Funds

Tuesday, March 21st, 2017
Last Update: 15:21

Large investment funds, mainly from Saudi Arabia, have shown interest in investing on the island of Skiathos, as a result of the impressive development in the tourism sector, especially over the last five years.

Many companies are visiting the island to seek areas where they can build hotels or villas for Greeks and foreigners.

“A new investment was carried out three months ago by TENA for the construction of 87 luxurious villas aiming at the upgrade of the island,” the mayor of Skiathos, Dimitris Prevezanos, said in statements to the Athens-Macedonian News Agency (ANA). However, he made clear that the area that is considered a forest area will remain at the municipality’s ownership.

“The municipality sees large but at the same time quality investments. The investment interest is always important as well as the respect to the environment, the inhabitants and the tradition,” he stressed.

Source: ANA-MPA

See Also:

Thank you for contacting

Thank you for your enquiry to Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Business page, CLICK HERE to create a Account