Rhodes’ New Marina is Greece’s newest state of the Art Marina ready to be operational in early June 2011. The Marina, an investment of more than 100 million euro is expected to be a great success as it will attract a large number of boats servicing an important area of the Aegean Sea and will have a positive impact on the Rhodes’ property market according to Savvas Savvaidis of Savvaidis & Associates

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 landscape 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 be rental or purchase, in the surrounding area.

According to Savvas Savvaidis of Savvaidis & Associates – Rhodes’ leading Estate Agents, property in the area will reap the rewards as an increase of interest around the marina has already been documented. Prices in the nearby area of Rhodes are expected to peak in 2012 once the marina will be fully operational says Savvas Savvaidis.

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%; increasing the value of land in the immediate area.

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

This article was written and provided by Savvaidis & Associates 2011