Wednesday, October 23, 2019

Governments buying Islands

Greece: Ever considered buying an island in Greece?

Skorpios Island

The word Greece is almost synonymous with the word island. With around 6000 islands in total, mostly privately owned, this should be a private island paradise…

However selling or buying an island is virtually impossible in this country, thanks to an elaborate maze of bureaucracy, which must be navigated at all governmental levels, plus …Read More: Greece: Ever considered buying an island in Greece?

Governments buying Islands

India May Take Over Conco Island in Goa for Tourism

The Indian government recently announced that it may acquire and develop Conco Island, a lush isle found just metres away from one  of Goa’s top beaches. However, there may be more to this proposal than meets the eye.

(Image Courtesy of Gotsaga.com)

When it comes to tropical destinations for the …Read More: India May Take Over Conco Island in Goa for Tourism

Auction Results

Preservation Trust Buys Heavily Discounted Washington State Island

(Image Courtesy of Vendovi Island)

Appraised at over $12M, Vendovi Island’s failed auction in September had a high bid of just $3.3M, and it has now sold for just $6.4M. Have private islands followed the US real estate market downhill?

According to the Wall Street Journal, Washington State’s privately-owned Vendovi …Read More: Preservation Trust Buys Heavily Discounted Washington State Island

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