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Land plot in Mykonos – A guide for investors

Posted by Dimitris Papadimas on 18 Ιουλίου, 2020
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LAND PLOT IN MYKONOS – General Information

In order that a land plot in Mykonos can have the right to build, it should first meet one of the following requirements:
• to be part of one of the six (6) settlements (villages) that exist on the island, or
• to belong to a Residential Zone that gives this right
The picture below shows on the map of the island both the settlements and the residential zones, each one of which is highlighted by a different color.

Depending on its position and the zone where it belongs, the plot may have the right to build a residence, a hotel or a commercial property (shop, storage etc).
It is very important for a potential investor to know that according to the current regulations, a big part of the island (located mostly on its north and eastern sides) either doesn’t provide to the plots the full rights to build or prohibits the building of any new construction! These areas are now considered as environmentally sensitive and therefore they are protected from any human activity in order to maintain their authenticity.

 

A. PLOTS WITHIN SETTLEMENT BOUNDARIES

These plots are usually serviced by already existing roads while the main supplies (electricity power, telephone/internet and water) can be easily connected into them. Any plot located in a settlement and faces a road, is subject to receive a planning permit for several uses (residential, hotel, commercial).

The following properties represent this plot type:

•  Sloping plot in Ano Mera villlage

Land plot with a main road frontage in Ornos

Land plot overlooking Mykonos Town with an issued permit to build a luxury hotel

 

B. LAND PLOTS OUT OF SETTLEMENT BOUNDARIES

These plots should meet several criteria in order to be subject to receive a planning permit:
• to be located either in the so called “Green Residential Zone” or to the “Blue” one (see on the picture above).
• to be certified by the Forest Service (which protects the environmentally sensitive areas) as a land subject to build.
• to have a minimum area of 4,000 sq.m. (0.4 ha) in order to build a house or 10,000 sq.m. (1 ha) in order to build a hotel.
• to be accessed by a road, which can be even a non-paved one.

The following properties represent this plot type:

Corner land plot overlooking Mykonos Town to build a house

Plot with an already issued permit to build 3 houses with private pools

Residential plot with uninterrupted panoramic sea views

 


UPDATE:

According to a government decision, the issuance of new permits for the building of hotels in all areas being out of settlement boundaries, has been suspended since the end of July 2020.


 

TECHNICAL ASSESSMENT OF A LAND PLOT IN MYKONOS

All the land plots which are listed for sale on our website are subject to issue a permit to build. However, what we strongly recommend is our clients -before the signing of any agreement- to delegate an engineer (civil and/or architect) who should examine the property’s site plan and define precisely the right to build.

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