'Unusual' Greek island listed for half the price of average Aussie home
Makri Island, an abandoned Greek island near mainland Greece, is set to be auctioned with a starting price of €247,000. The island has a complicated history with legal and planning disputes, making it challenging for potential buyers. Despite its low price compared to average Australian homes, the island's lack of infrastructure and ecological significance pose significant development hurdles.
- ▪Makri Island is being auctioned later this year with a starting price of €247,000.
- ▪The island has no modern infrastructure and is surrounded by legal and planning challenges.
- ▪It has been listed for sale multiple times in the past five years, with previous valuations reaching as high as €8 million.
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Makri, an abandoned Greek island with bargain price tag and complicated history, to be auctionedBy Riley Stuart in LondonTopic:Travel and TourismSun 24 May 2026 at 5:01amSun 24 May 2026 at 5:01amSun 24 May 2026 at 5:01amMakri Island is a slice of paradise with plenty of problems. (Supplied)abc.net.au/news/makri-greek-island-to-be-auctioned-with-bargain-price-tag/106713428Link copiedShareShare articleIts online sales listing describes it as "one of Europe's most remarkable and unusual real estate opportunities", and at first glance, there's a lot to like.Makri Island, not far from mainland Greece, boasts almost 100 hectares of uninhabited Mediterranean beauty and a bargain price tag.There are no tourists, no port, no housing — in fact, no modern infrastructure of any kind.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).