Rhodes' New Marina Will Boost the Island's Property Market

RHODES, Greece, February 14, 2011 /PRNewswire/ -- Rhodes' Marina is Greece's newest state of the Art development, ready to be operational in early June 2011. According to the island's leading estate agents Savvaidis & Associates, the 100 million euro Marina investment would attract a large number of boats servicing an important area of the South East Aegean Sea and boost Rhodes' property market.

Rhodes' New Marina is expected to attract 20,000 visitors per season from the yachts only, additional guests, including tourists and locals that will use the on-shore facilities, like restaurants, bars and spa, will reach previously unseen levels.

Rhodes' Marina will have a capacity of over 350 vessels with at least 50 berths for the Super Yachts. The latest technology has been used for the Control Center, 2 kms of fiber optics will connect the boats to Satellite TV services, high speed internet, Cable TV and internal telephone lines. On-shore facilities will include a bank, shops, restaurants, cafeterias, gym, spa with swimming pool, green areas and a beautifully landscaped promenade along the Marina's main pier. The complex will also include 16 VIP suites for yacht owners; available to rent. There will be a shipyard for repairs, a large fuel station, a conference center and sailing club.

The development will contribute to the overall regeneration of the area and improve the quality of life for residents. Recruitment needs around the marina are expected to expand the demand for housing, whether it is rental or purchase, in the surrounding area.

"Property Prices in the nearby area of Rhodes are expected to peak in 2012 once the marina will be fully operational," says Savvas Savvaidis of Savvaidis & Associates estate agency: "Property in the area will reap the rewards as an increase of interest around the marina has already been documented."

Savvaidis & Associates is currently in discussions for the development of 2 large plots of land in the immediate proximity to the Marina that will become a Commercial Centre and a 5* Hotel.

The knock on effects are expected to be seen further a field. The New Ring Road connecting the Marina to Rhodes International Airport has already been completed by 70% and has already increased the value of land in the immediate area.

About Savaidis & Associates

Savvaidis & Associates is the largest real estate agency on the island of Rhodes with 2 offices strategically located in prime spots of the Island. It employs 10 full-time experienced professionals.The company was established in 1983. Since then it has offered brokerage services, in both the residential and commercial sectors. High profile commercial transactions like the Zara Building, Kotsovolos and the late 2010 H&M commercial lease are part of the exemplary track record of the company. Property management and valuations is another important part of the company's activities. Savvaidis / Associates covers more than 95% of the housing supply on the island. For more information visit: http://www.savvaidis.com/

Media Contact:

Savvas Savvaidis, Managing Director of Savvaidis & Associates, +30(22410)75100, [email protected]

SOURCE Savvaidis & Associates