Why you should buy a house in Crete
See why now is the best time to invest in property in this beautiful island!
If you want to escape the rat-race and improve the quality of your life, a property in Crete has plenty to offer:
a superb climate, one of the best diets in the world, a slower pace of life, and good potential for property investment. If you want to invest in Crete property or real estate, find a retirement home, or own a holiday house for rental income, this Greek island can satisfy all your requirements.
One of the most popular Mediterranean destinations – and over 300 kilometres long – the sheer size and diversity of the island surprises first-time visitors. With its variety of stunning landscapes, wealth of historical settings, and contrast between the cosmopolitan cities and agricultural heritage, Crete is the perfect place for your perfect home.
And always, there is the breeze rustling through the olive groves, red Martian soil scuffed by your boots, majestic mountains, silent shaded forests, and clear blue sea … all of which would be worth nothing without the proud friendly people!
Why is it a good time to build a house in Crete?
During these last few years of great recession, the question that is very often being asked is about the technical and financial conditions regarding property construction in Crete and whether this is a good time to build a house in Crete.
Due to the recession and the need of more people for an immediate income, there has been a significant growth of the choice of land to buy and build in and in much cheaper prices.
The next question concerns the cost of obtaining the building permission and the cost of the construction. The cost of the building permission has recently gone down due to the complete liberation of the architects’ profession. On the other hand, even though the cost of the construction materials has remained the same, the construction labour cost has been reduced drastically. This shrinkage in costs holds true especially for Crete since there is a great availability in working hands and the largest part of the raw materials come from the cretan land.
At the same time changes in recent building legislation ensure the new owner that everything happens according to the construction law, since an architect appointed by the state comes to check all the stages of the construction to guarantee material and labour quality and provide the equivalent certificate.
Another big and important change in house construction is the use of eco materials and preparation and installation of alternative energy sources. This includes materials such as wood, ceramic bricks, stone, iron (found in abundance in the land of Crete) and sources such as under floor heating and solar panels (these last being applied widely in Crete due to the favourable weather conditions and the extended holiday season). Being the largest of the greek islands and one of the biggest in the Mediterranean with an area of over 8.000 m2, Crete provides with the necessary space for the application of all new and eco-sustained practices.
For all the reasons above this looks like a good period to invest in Crete land and build your own home in Crete. After all, it is indeed one of the most beautiful places to live!
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