Monday, July 20, 2015

Picking the Bones: Brad Pitt, Johnny Depp Buying Greek Islands; Buffett, Not

From ValueWalk:
UPDATE: Steve Jordon of The World-Herald reports that the claims regarding Warren Buffett are false. He states:
His (Buffett's) office said Monday that reports from Greece that Buffett and Italian real estate agent Alessandro Proto together purchased the island of St. Thomas, southwest of Athens, are incorrect.
The newspaper Proto Thema reported the sale, and various news agencies repeated it, including the Athens-Macedonian News Agency and a Newsweek website.
See the original story below
Warren Buffett teamed up with Italian real estate agent Alessandro Proto to buy an island near the Port of Piraeus.

The ongoing economic crisis in Greece has made the country an attractive destination for real estate developers. Johnny Depp has reportedly bought an island, while Brad Pitt and Angelina Jolie are also rumored to be interested, writes Alice Milliken for Newsweek....MORE
Last week Business Insider posted "Here are the 11 cheapest Greek islands for sale right now".

Greece, Italy May Sell Rights to Greek, Latin Prefixes, Suffixes to Raise Funds
"Qatari emir buys six Greek islands for a song"
Private Islands and Estate in Italy, Asking $263 Million

And the one that's tough to beat, 

Tiny Slovenian City Might Be the World's Best Private Island
From Curbed:

Photo via Architizer
Sure, you can buy a private island with a dose of Revolutionary War backstory, and you can buy one of Paul Allen's spare private islands. But even those impressive land masses take a backseat to Bled Island, the only island in Slovenia and easily one of the coolest private islands in the world.

According to Architizer, it's been inhabited since the 9th century, when some guys built a pagan temple on archeological remains. From there's it's a tumultuous journey of teardowns and rebuilds:...MORE