Why buy property in Crete and choose
ALPHA & OMEGA - Ktima CRETE
1. How do we see property market evolving
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
2. What makes Crete such a desirable property hotspot
compared to others?
The main advantages are many.
a. 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.
b. 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
c. 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.
d. The low crime rate. As per 2002 official
data, 3% of the UK, 2% of Spain and Portugal, 8% of Ireland.
e. Part of an EU member country.
f. Part of a non-volatile country.
g. The closest European destination to the
h. The warmth and hospitality of the Cretans.
The list can go on and on.
3. 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.
4. What are the initial benefits of investing/buying
with Ktima CRETE 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.
Our qualitative services for our clients were
verified with the ISO 9001:2000 seal. The certification of
this Quality System from an exterior independent institution,
gives the comparative advantage to the enterprise against
other competitive ones, as it is the first certified office
of brokerage benefit services Pan-Hellenic.
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
We make sure that Crete is more home than home.
5. Can a foreigner receive funding for her/his envisaged
Yes. Through the Piraeus Bank Group we
can arrange in most cases for up to 70% of the capital requirements.
The services offered cover the needs of individuals, companies,
professionals as well as of large enterprises.