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Not So Hidden Gem

11.02.22

Abode2 discovers why the gorgeous island of Paros has become a property hotspot for post-Brexit ‘Lotus Eaters’

It may not be as well-known as Santorini but the small island of Paros, a Cyclades inhabited island of only 12,500 population, is rising to the top in terms of real estate transactions, post-Brexit. The island, the third most Instagrammable island in the Cyclades according to research by award-winning property developer, Leptos Estates, is seeing rising property enquiries especially for its beach-front homes and relaxed vibe offering an idyllic sanctuary. The term ‘Lotus Eaters’ refers to ancient Greek mythology and those who “spend their time indulging in pleasure and luxury rather than dealing with practical concerns.”

Celebrities who have been known to spend time in Paros include Charlize Theron, Jeff Bezos and Justin Bieber while actor Tom Hanks has a home on the island, however you do not need to be a millionaire to buy a home there. Most sales on the island come from European buyers looking for a second holiday home with property sales on the rise again in the last 12 months. Buyers from France, Italy, USA and the UK are being enticed by the quieter Greek island that offers 300 days of sunshine, non-Vatable properties and a permanent residency programme that allow for longer movement across the EU, post-Brexit.

Pantelis Leptos, Deputy President of Leptos Group of Companies, comments: “Paros is now eclipsing islands such as Santorini as the place to buy in the Cyclades. Attractive second homes with access to blue flag beaches, less tourism for a quieter relocation and holiday spot are among the main draws for those wanting to both play and work remotely on the island.

“Combined with new government initiatives sparking a new golden age of investment into the country as a whole, buyers looking for real estate on Paros are finding an alternative to the usual hot spots in one of the fastest growing tourist destinations in Greece that still maintains its charm and genuine hospitality.”

The Golden Visa Programs, government initiatives offering residency or the chance to, live freely in Greece, and travel within the EU and Schengen zone, demonstrate there is a real appetite for Greek property despite the pandemic. New programs offering significant tax benefits for pensioners and digital nomads are also proving very successful with strong demand.

Set in the photogenic, fishing village of Molos, only 50m from Molos Beach are the white-washed homes of Paros Gardens. The development by Leptos Estates includes more than 80, one and two bedroom apartments and town houses with panoramic sea views. The architecture of the homes is synonymous with the uniqueness and charm of the island.

Each home offers carefully-planned interiors including open plan living, with balconies and wooden pergolas over-looking the Aegean Sea. Buyers will also be treated to vast communal gardens, a club house and swimming pools making it an ideal investment in one of Greece’s lesser-known Cyclades.

Molos is on the quieter side of Paros offering a large, golden sandy beach with crystal clear waters and beautiful views of neighbouring island Naxos. The village is located between the hills of Kefalos and Antikefalos and is steeped in culture and history, with the ancient city of Yria said to be once situated in the area. The entire area is integrated into the Natura 2000 network due to its natural beauty. There is plenty to do and the local taverns offer traditional Paros dishes, homemade wines all within easy reach of the islands four vineyards and the artisan boutiques. The island is easily reached from Athens, Crete or Santorini with high-speed ferries or direct flights.

www.leptosestates.com

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