A quiet stable country, developing with care
Crete, Greece is free from any kind of political, religious or social stresses problematic in other places. And there is the reassurance of being a long standing EU member.
Investing in Crete will be safe and growing. If it is your life savings, purchasing your retirement dream home, or you are investing in Crete for steady but above average, risk free growth, south east Crete is a good option.
Property investment in Crete is also protected because over-building is impossible. The Government is determined to not make the "concrete jungle" mistakes of some parts of Spain and the Algarve.
Crete property investment, the east in particular, is seeing a rise in popularity that is giving annual property price rises of around 20% pa. Key reasons are:
- Rising demand for natural life; today's pressures mean more people seeking unspoilt old world lifestyle, freedom from pollution, nature and "real" food
- Low building density: Unlike most Med locations, where overbuilding has irreversibly changed the natural and social environment, Crete sticks to very low volume building laws, so fewer properties available to meet rising demand
- Improving access; east Crete has a new international airport, Sitia, under construction
- Expanding markets: Crete is approx the same flying time or less for emerging wealth countries, like Russia, and older markets, like Scandinavia, all seeking unspoilt alternatives and investment opportunities to the Costa's
- New golf and sailing: New golf courses with very strict environmental protection and sailing marina"s are coming soon to east Crete.