Why buy property in Crete and choose THE BUILDER
1. 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.
2. What makes Crete such a desirable property hotspot compared to others? The main advantages are many.
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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
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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.
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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.
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d. |
The low crime rate. As per 2002 official data, 3% of the UK, 2% of Spain and Portugal, 8% of Ireland.
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e. |
Part of an EU member country.
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f. |
Part of a non-volatile country.
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The closest European destination to the sun.
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The warmth and hospitality of the Cretans.
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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 THE BUILDER as opposed to other construction companies? 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.
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.
5. Can a foreigner receive funding for her/his envisaged purchase?
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.
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The Piraeus Bank Group is one of the most dynamic and active financial
organisations in Greece today. Founded in 1916, Piraeus Bank went
through a period of state-ownership and management) before
it was privatised in December 1991. Since then, it has continuously
grown in size and activities. |
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