x

Economy

Pandemic? Economy? Super-Rich Greeks Still Snapping Up Superyachts

ATHENS – They prospered during an eight-year-long economic and austerity crisis and are flourishing even during the long and deadly COVID-19 pandemic: Greece’s super-rich are spending some of their wealth on superyachts now.

The sales and prices of the luxury vessels are soaring, said Kathimerini, adding that market sources reported that the market is jumping for those who want not just yachts, but bigger and more expensive versions.

Greece has long been a favorite destination of the uber-rich sailing crowd who like to island hop or moor around the country and even the pandemic that limited travel isn’t keeping them from buying the superyachts.

Greece is also the world’s number 1 country in the construction of yachts over 20 meters long, with delivery dates stretching beyond 2024, the paper said, and the industry offering them for rent, the summer high season the high prime time.

 

RELATED

ATHENS - The COVID-19 pandemic isn't over but it looks like it is in Greece with health measures pushed back, people shunning masks and social distancing and tourists areas overflowing with eager arrivals.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission…To The Holy Land – A TNH Documentary by Clelia Charissis

This past Easter season, this great feast, Pascha for Greek Orthodox Christianity and Passover for Judaism, found us during Holy Week in the Holy Land, at the Gate of Worship.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.