Island west of Skyros in the Aegean Sea (Greece) € 12,000,000

 Rinia

The private island of Rinia is located west of Skyros in the Aegean Sea, 3 nautical miles from its port.

The island of Skyros is easily accessible via Athens’ Eleftherios Venizelos International Airport via domestic and international flights, as well as seaplane and helicopter. Flights are available year-round. Seaside access is 1.5 hours off the coast of Euboea by boat.

The island of Rinia is flat and covered mainly with cedars of moderate height. The main parts of its territory are rocky clay layers. Its waters are blue, crystal clear and of unique quality and aesthetics.

A bill was passed and signed on August 8, 2014 (LAW 4280/2014 Government Gazette A’159) on construction restrictions applicable to ‘private forest land’ and rural areas to grant development of tourism projects.

Therefore, according to the realtor, the island is subsidised for the development of constructions on its entire surface, on a scale of 0.05 building factor as follows:

Construction capacity: 550,000 m2 (136 acres) X 0.05 = 27,500 m2 (6.8 acres)

Type of construction: small hotel unit – bungalows – villas

As well as the above, a further total of 27,500 m2 (6.8 acres) can be developed as underground facilities to support all of the above construction units.

Total construction capacity: 55000m2 (13.6 acres)

In addition, the compensation for the construction of outdoor activities and amenities is 10% of the total area of the island.