World's Richest Snapping Up Greek Islands

28 Jul 2015

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Johnny Depp has reportedly become the latest celebrity to take advantage of Greece’s plunging economic woes to score a deal and gift himself a small private island.

According to the Athens Macedonian News Agency, Depp is said to have purchased a tiny piece of uninhabited land in the Aegean Sea for €4.2 million ($A6.2 million).

Likewise it was reported last month that Brad Pitt and wife Angelina Jolie-Pitt were eyeing up Gaia Island to possibly snap it up and add it to their real estate portfolio, which already includes a French castle.

The Greek Islands are attracting the attention of celebrities. Picture: Getty Images

As part of Greece’s bailout plan, the government will have to sell off €50 billion ($A74 billion) in assets. And much of that will likely come from selling off some of their 6,000 islands.

Aside from wealthy celebrities, it’s reported that affluent Russian and Chinese investors are also lining up to pick up Greek properties.


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If you’re in the market for a private getaway in the Mediterranean,  privateislandsonline.com has a directory of islands for sale with prices starting at €3 million ($A4.4 million), including Gaia Island which, according to the site, has yet to be snatched up.

Described as 'the perfect millionaires’ playground' Gaia spans 17.4 hectares and is part of the Echinades group of islands. The waters are also said to present prime conditions for water sports, sailing, fishing, deep sea diving and swimming.

Make like a movie star and sail the Mediterranean on a yacht. Picture: Getty Images

Other celebrities who already own property in Greece include Sean Connery, and Tom Hanks and Rita Wilson.

This article was from AFP Relax News and was legally licensed through the NewsCred publisher network.

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