Tourism-related real estate dominant on European map

Greece is the dominant European market for investors looking for high returns in tourism-related luxury property, new market data have highlighted.

Nine of Europe's 10 leading investment locations, in terms of high rates of return on upscale holiday homes, are Greek destinations, according to an annual report by international property consultants Algean Property.

Algean used 250-square meter luxury holiday homes promising rental income over 12 weeks during the summer season as the standard measure for its latest study.

Myconos, Santorini and Paros held their positions as the leading European destinations for luxury holiday accommodation investors. Myconos offers an 8.4 percent investment return, while Santorini and Paros registered rates of 6.4 percent, according to the market report. They were followed by six other Greek destinations, Rhodes, Skiathos,...