Greece will attract U.S. buyers, says real estate director

Costa Navarino has become a quiet favorite of wealthy real estate investors in Greece.

The process of turning Costa Navarino into a haven for the rich began in the 1980s, when shipowner Vasilios Konstantakopoulos began buying land and promoting it to Greek buyers. Greek company Temes, led by the Konstantakopoulos family, began construction of its first resort in Costa Navarino in 2010 and has since built villas, apartments and hotels, including the W, Westin and the anticipated Mandarin Oriental.

Among the residential properties on offer, apartments start at €770,000 (US$838,830) and villas cost between €3.3 million and €5.5 million.

"It's basically developing a new destination through these diverse resorts, each catering to a different audience," said Eugene Dendrinos, director of real estate at Temes.

Dendrinos spoke to Mansion Global about multigenerational buyers, Greece's growing appeal to foreign investors and why the new luxury style is "principles-based".