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Investment property in Greece and the Greek islands

With property demand increasing from 10% - 15% per annum, the beautiful, unspoilt island of Zante is at the forefront of Greek locations for property investments.

Projected capital growth on property:f 10%+ per annum

 
 

Greece

Why Greece?

Greece has in the past seriously lagged behind the other more popular property investment areas of Europe; Spain, Portugal and France, etc.

Certain islands are already catching up but there are many that are very much in the early stages of the property boom. The potential returns are therefore excellent as the new developments start to come on line.
  With the government actively supporting developers to help the growth in the property market, now is undoubtedly the right time to invest for maximum gains.

A typical blue domed whitewashed church in Santorini



Crete

Crete is the largest of the all Greek islands and has a personality all of its own. Although the economy is mainly based on tourism, Crete still has a strong cultural tradition and there are large areas of the landscape unspoiled and indeed unchanged for hundreds of years.   The cost of living in Crete is significantly lower than the UK. Cretan people really are warm-hearted and hospitable, and like having neighbours of any nationality.


One of the many quaint fishing harbours in Crete

Why buy property in Crete?


Perhaps one of the greatest advantages of buying property on Crete, whether as an investment or as a home, is the current cost of properties with prices running considerably lower than other popular Mediterranean countries. When thinking about purchasing property you should consider the market trends and with house prices increasing by between 10 and 20%, depending on the location and type of property, there has never been a better time to buy in Crete.

 

  It isn't only house prices which are lower. The cost of living in Crete is also 30 – 40% lower than in most northern European countries. The thought of no council tax or even just eating great food in a beautiful setting at a wonderfully affordable price comes as a welcome treat. Buying fresh local produce at one of the many weekly street markets is not only economical but also a sure way to find the best of what is available. Crete has everything to make life happy, healthy and as exciting or peaceful as you want it to be.
Beautiful beaches

Population & lifestyle


Population approx 624,000.
Main export olive oil.
Fresh water is plentiful
Family and community is central to the Cretan way of life
The crime rate is low.
English taught widely (a surprisingly large number of Cretans can speak English).
  Infrastructure

Excellent highway and public transport infrastructure connecting all regions of the island.
Ferries to mainland and other islands
Frequent flights from 2 airports at Heraklion and Hania (plans are in place for a third at Lassithi). .


Climate

Crete is blessed with a perfect Mediterranean climate
Long, hot summers lasting well over 6 months and short mild winters
Average of 325 days of sunshine each year.



Zante (or Zakynthos - as known in Greek)

Zakynthos Town (Zante Town)

With beautiful beaches, spectacular landscapes and charming villages, there's never been a better time to invest in the unspoiled and largely undeveloped island of Zante.
  Add the Mediterranean climate and the exceptionally friendly residents and Zante has to be regarded as one of the ideal places to create your dream home.

Arguably the most picturesque of the Ionian islands, Zante is growing in popularity with both holidaymakers and homebuyers, so we can only recommend that you act fast!


Smuggler's Cove near the blue caves in Zante


Zante is one of the islands at the forefront of Greek locations for a variety of reasons:

Zante is part of the Ionian group of islands, the nearest to the UK
The Ionian islands are the most beautiful in the whole of Greece, with lush, green countryside
Zante is the most southern of the Ionian islands, thus enjoying the best of the excellent weather
Very unspoilt with traditional Greek hospitality
Zante produces some of the best olive oil in Europe
A new airport arrivals terminal opened in 2005 to cater for the fast growing tourism boom
A new departures terminal to be built in the near future
 
Zante features in most UK tour company brochures
7 month tourist season
Ever growing property rental demand
Excellent rental yield
Growing British ex-pat community, approaching 3,000
Property demand increasing from 10% - 15% per annum
Land prices increasing dramatically as the property boom grows
Projected capital growth on property of 10%+ per annum
Secure freehold title on all properties
Very low crime rate


Development locations in Greece »

Chania in Crete The Prefecture of Chania (Crete)

The Prefecture of Chania covers the Western part of Crete; its extent is 2.376 square kilometres, the coast line 250 kilometres approximately, and it counts circa 150.000 permanent residents.

» Find out more

Hersonissos and Heraklion in Crete Hersonisos & the Prefecture of Heraklion (Crete)

Hersonissou is 26km east of Heraklion. It is a coastal,tourist resort,one of the most highly developed in Crete with luxury hotels, shops, restaurants, bars and country tavernas.

» Find out more

Rethymnon in Crete The Prefecture of Rethymnon (Crete)

Rethymnon is the capital of the prefecture of the same name. It is located on the north Mediterranean coast, between the prefectures of Chania and Heraklion.

» Find out more

Laganas in Zante Laganas (Zante)

Situated on the south coast, Laganas is the liveliest town on the island, with many restaurants, bars and night clubs open until late. And after a heavy night you can relax on the 5 mile long beach, one of the best in Zante, and swim in the safe, shallow waters of the Gulf of Laganas.

» Find out more

Limni Keriou in Zante Limni Keriou (Zante)

Situated at the western end of the Gulf of Laganas, Limni Keriou is a charming traditionally Greek fishing village. The delightful harbour nestles in the corner of the bay partly protected by the nearby island of Marathonisi.

» Find out more

Zakynthos Town (Zante Town) Zakynthos town (Zante)

The capital of the island, situated in the south east, Zakynthos town boasts a large harbour which caters for ferries and cruise ships on a daily basis. The international airport of Zante is just 4 kms away.

» Find out more




   
CHANIA
 
» Chania overview
» Geogioupolis

HERSONISOS
 
» Hersonisos overview
» Hersonisos Development

RETHYMNON
 
» Rethymnon overview
» Vederis Development
» Plakias Development

   
LAGANAS
 
» Laganas overview

LIMNI KERIOU
 
» Limni Keriou overview

ZAKYNTHOS TOWN
 
» Zakynthos Town overview