aboutproperty.co.uk Logo
 | News feeds | Join the mailing list | Make Homepage

Property news

Crete - Greece's overseas property hotspot

Thursday, 01 Mar 2007 12:58
A lighthouse in Chania, Crete
Crete has the potential of becoming Greece's property investment hotspot, experts from the Homebuyer Show are predicting.

Brits buying a holiday home benefit from sunshine almost all through the year, good beaches and a dramatic coastline with strong capital growth of 15 per cent year on year since 2000.

An alternative location to buy to the popular Costas, Crete is one of the largest of Greece's islands and offers a diverse range of properties from those close to developed tourist-orientated areas to more rural locations such as mountains villages.

Combined with property prices 30 to 40 per cent lower than the UK's, a stable economy and high standard of living Crete makes a good location for an overseas property investment.

"Situated in the middle of the Mediterranean, Europe's most southern island offers one of the best climates on the continent with 300 days of sunshine every year. The island has much to offer from quiet mountain villages, long sandy beaches, rocky bays and an abundance of flora and fauna," explained Susan Peters, sales and marketing manager of Cybarco (UK) Limited, who are exhibiting Homebuyer Show.

She added: "Crete is an island of wonderful contrasts, which offers buyers a real opportunity for property investment by way of its inexpensive prices, prospects for future capital growth and secure freehold ownership unattached from expiry dates, which means that the investment can be passed on to descendants."

One of the developments Cybarco are marketing at the show is Maleme Project, a beach-front complex of 16 apartments and eight maisonettes with access to a communal pool and gardens with prices from £98,530 (€147,000) for a two-bedroom property.



Comment on this story 

Share your views with the aboutproperty.co.uk readers.
Name 

Location 

Email 

Comment 

Enter the text shown to the right

Marketplace 

    From builders and DIY suppliers to decorators and garden supplies, home finance to heating and plumbing services, home furniture to accessories, bathrooms, bedrooms, kitchens and a whole lot more.

    Whatever you’re looking for you’ll find it in the aboutproperty marketplace – your gateway to all things home and garden related.

Free Property Finder Service 

    Click here for your free easy to use Property Finder Service to search for properties that meet your needs overseas.

For your free guide to investing in uncertain times click here.

Features 

Overseas property 

Property finance 

Forthcoming property shows 

  • Greece

    Property abroad in GreeceAn increasing standard of living coupled to a high level of value for money have ensured Greece remains an attractive destination for overseas investors, explains aboutproperty's guide to property in the country.   More...

Lewisham estate agents
Visit hotproperty.co.uk today to find estate agents with properties in Lewisham. Find the property you are looking for online today!