Myconos villas rented out for 11,500 euros per week this year

The weekly rental rate for a luxury holiday home in the high-end market of Myconos, in the Cyclades, jumped to 11,500 euros this year, up 1,000 euros from 2017 and topping the Mediterranean chart, according to a report published by real estate service provider Algean Property.

For its annual report titled "High End Holiday Homes in the Mediterranean," the company studied the average gross yields for investors in high-end holiday homes across 30 Mediterranean countries, and found that Myconos, Santorini and Paros provided the highest returns in the region in 2018.

This makes Myconos a reference point for holiday home investors. The island marginally increased its results, producing an average gross yield (AGY) of 8.5 percent.

However, the report found that despite maintaining a strong performance (as in 2017 with an AGY of 8.4 percent), the data demonstrate that...