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Why buy property in
Crete and choose
KTIMATOEMPORIKI
- How do we see property market evolving in Crete?
Crete has proven over the last years to be one of the more popular
destinations for Europeans that seek a holiday, a retirement or an
investment home. Demand for the island is increasing at a rapid rate and has
quadrupled between 2000 and 2002.
- What makes Crete such a desirable property hotspot compared to
others?
The main advantages are many.
- The climate. Winters without hazardous road conditions,
no freezing fog or black ice, and summers without rain. Not to
mention clear blue skies (with an average of 310 days of sun),
spectacular sunrises and sunsets, and brilliant star and moonlit
nights.
- The diverse landscape and environment. Lovely beaches,
majestic mountain peaks, some capped with snow until early June,
impressive gorges, hidden caves, ancient sites, picturesque and
literally untouched villages of character and tradition.
- The cost of living. Studies indicate that the cost of
living in Crete is about 30% lower than Cyprus’ when Cyprus’ is 30%
lower than Spain’s and Portugal’s. Over and above the lower cost of
living, the buyer will be amazed of how inexpensive prime real
property is in Crete.
- The low crime rate. As per 2002 official data, 3% of the
UK, 2% of Spain and Portugal, 8% of Ireland.
- Part of an EU member country.
- Part of a non-volatile country.
- The closest European destination to the sun.
- The warmth and hospitality of the Cretans.
The list can go on and on.
- Which other destinations do we consider a competitor?
Italy, France, Spain and Portugal are far too expensive, far too crowded
and far too touristy; Turkey is far too volatile and it will remain so for a
number of years to come especially after September 11; Malta is far too
small and Florida is far too far. Cyprus, Cyprus is the only competitor that
Crete has, the same people, Greek, same culture, same climate, about the
same size of an island although more expensive (expected to become even more
since Cyprus joined the EU in May 2004) and a little bit further away.
Here it is also important to note of the other Greek islands as a
competitor, but none of them have either the climate or the size of Crete,
and thus poorer amenities, infrastructure and so forth. By the way, Crete is
the largest island of Greece and at its southernmost point.
- What are the initial benefits of investing/buying with
KTIMATOEMPORIKI
as opposed to other property agents?
Impeccable service! Our Clients need to worry about nothing, whether this
is land taxes or any other taxes, legal or financial advice. The only thing
they would worry themselves about is selecting the real property of their
choice.
Additionally, as Exclusive Associates of
PYTHEAS LIMITED, the
leading international investment and advisory organization, we are in a
position to utilise Pytheas’ tremendous investment, capital raising and
market research capabilities, therefore, providing a more than complete
service to our valued Clients.
Furthermore, our relation with our Clients does not end with the signing
of the contract; any issues raised due to cultural changes or schooling for
their kids, accounting or taxation we are closer than a phone call away and
always available.
We make sure that Crete is more home than home.
- Can a foreigner receive funding for her/his envisaged purchase?
Yes. Through PYTHEAS
Private Credit we can arrange in most cases for up to 70% of the capital
requirements via a local or international financial institution.
KTIMATOEMPORIKI LIMITED
Website: www.ktimatoemporiki.gr
Tel: 00 30 28210 56600
Email:
info@ktimatoemporiki.gr
1, Nikiforaos Fokas Street
73100 Chania, Crete
Greece
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