House Hunting in Greece: Seaside Splendor on Tinos Isle for $1.8 Million

House Hunting in Greece: Seaside Splendor on Tinos Isle for $1.8 Million

A Stone Mansion Overlooking the Aegean Sea From Tinos$1.8 MILLION (1.6 MILLION EUROS)This five-bedroom property sits on a hillside in Ktikados, a village near the southern coast of the Greek island of Tinos, in the Aegean Sea. Built in 2006 of local stone, the property has a main house with two bedrooms, plus two small guesthouses separated by a garden with olive and fruit trees, on just under half an acre.Tinos, about 75 square miles in size, is bigger but much quieter than neighboring Mykonos, the popular tourist destination known for its party atmosphere, said George Kasimis, the head of Aegean sales at Greece Sotheby’s International Realty, which has the listing.“Tinos is one of my favorite islands,” he said. “The whole island has a sophistication that’s developed over the years around culture and religion.”Most homes on the island are owned by Greeks, and the architecture tends to reflect its long tradition of stone craftsmanship, he said. This home’s main entrance opens into a spacious foyer with double-height ceilings. An archway to the right frames the dining area, which has a lounging nook at one end. The living room is a few steps down to the left. The walls, all exposed stone, are lined with arched windows. The floors are ceramic tile.A large contemporary kitchen with sleek gray cabinetry is off the dining room. An adjoining prep kitchen has a pantry and a bedroom for staff above.A wide wooden staircase in the foyer leads to an open mezzanine, currently set up as an office. The two upper-level bedrooms each have an en suite bath, a large private balcony and sea views to the south.A small corridor next to the kitchen leads to a stone grotto covering a portion of the outdoor swimming pool. An opening in the grotto allows access to the rest of the pool, which is surrounded by stone arcades that provide shade from the sun. The pool area has a shower, a built-in barbecue and a traditional stone oven.Behind the main house is a smaller two-story building with a sitting room, kitchenette, bedroom and bath on the ground floor, and a second bedroom and bath above. The garden area is behind this house, and at the far end is a barbecue/dining area and the second guesthouse, this one with a single bedroom and bath.The property has a one-car garage and three outdoor parking spaces.The village of Ktikados has two authentic Greek taverns and some small markets, Mr. Kasimis said. Other necessities can be found in the town of Tinos, about a 15-minute drive. Mykonos Airport, the closest international airport, is accessible via a ferry ride from Tinos that takes 20 to 30 minutes.Tinos island, with fewer than 10,000 residents, is a pilgrimage site for the religious faithful visiting the Holy Church of Panagia Evangelistria, a 19th-century Greek Orthodox Church built in honor of the Virgin Mary. It was one of the first large structures built by the government after Greece declared its independence from the Ottoman Empire.“People crawl from the port to the church, if they are very religious, and there they light a candle as high as their height,” Mr. Kasimis said. “It’s a very important site for Tinos.”Market OverviewAfter 10 years of deep recession and staggering debt, Greece is now rapidly recovering, with both the economy and real estate market showing signs of renewed strength.“All the macroeconomic figures are getting better and better,” said Antonis Markopoulos, co-founder and chief executive of Prosperty, a real estate start-up that uses a digital platform designed to make transactions faster and more transparent. “And after not spending during the pandemic lockdown, people are seeking to put their money into a safe investment like real estate.”Mr. Kasimis said 2021 was the best year yet for Greece Sotheby’s, which has been operating since 2016. “We made four or five times more sales in 2020 than 2019, and this year is even better,” he said. “People are buying like there’s no tomorrow.”The pandemic lockdown created positive momentum in the market, as people began looking to real estate as a safer investment than currencies or commodities, agents said. Mr. Markopoulos said that apartments in the center of Athens, Greece’s capital and financial center, are in particularly high demand among local buyers, as well as from international investors.“There is massive demand for short-term rentals, so the yield investors can get is extremely high,” he said.Depending on the…

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