Buying a private island evokes images of palm trees and white sand, but Farhad Vladi of Vladi Private Island, a Hamburg, Germany, real estate practitioner specializing in private islands, says business is more brisk in lower-priced property in cooler areas. The lowest-priced islands available are in Nova Scotia, Canada; parts of Maine and Michigan; and Central America. The most expensive properties are found in Europe, the Bahamas, and in the far-off Pacific.Right now, buyers can find their dream island in Nova Scotia for $106,000 on the low end, while St. Athanasios Island in the Gulf of the Corinth, Greece, is available for $2 million.Buying an island isn’t for everyone, says Vladi.“You should find out whether you’re really an island person before you buy,” says Vladi. “That means someone who can stand the quietness of island life, who respects and lives with nature and who can manage unforeseeable situations like the electricity not working.
”Source: Newsweek, Sonia Kolesnikov-Jessop (11/10/08).
