Why Build In Crete?

Posted on: 15 May 2008 by Gareth Hargreaves

A member of the EU, Crete offers investors cultural charm, a low crime rate and competitiive prices.

Waking up every morning to the sun shinning, a fresh sea breeze from the Aegean Sea, the aroma of traditional Greek coffee and the buzz of life in the streets as people start their day, is all in the life of living in a village on the island of Crete. 

If it’s not the amazing weather, the mountainous views, the crystal clear Seas, the beautiful beaches or the historic monuments that reveal the island’s history that draw visitors to Crete, then it’s the welcoming smiles of the Cretan hospitality and the rich culture of fresh local cuisines made with olive oil harvested from the local groves that surround each village. 

Crete is the largest island in Greece and is located in the south of the Aegean Sea.  It is separated into four prefectures:  Chania, Heraklion, Lassithi and Rethymno.  Heraklion is the capital of the island with an international airport providing direct flights from the United Kingdom and other EU countries during the summer season.

Villages & Towns

Crete has a population of over 600,000 inhabitants with four prefectures and 68 municipalities which offer many villages and towns throughout the mountainous landscape and coastal areas.  The Lassithi prefecture and the municipality of Aghios Nikolaos is the home of Europlan Real Estate Developers located in the eastern region of Crete. 

Aghios Nikolaos Lake

Aghios Nikolaos is the capital of this prefecture, with over forty years experience in the tourism industry, it's an international and cosmopolitan resort destination that welcomes thousands of visitors annually. 

The lake is its most charming feature and legend suggests that Athena and Armetis bathed in its waters.  This lake is connected to the sea by a straight channel, while it’s natural surroundings of red rock and trees attracts many visitors. 

At a small open-air theatre by the lake, locals and visitors alike can enjoy interesting artistic and cultural presentations.  A walk around the shops of Aghios Nikolaos is an enjoyable experience. 

In the many stores the visitors can find a wide selection of traditional Cretan artwork, copies of pieces from different archaeological museums, jewelry and embroidery.  There are also many examples of woven goods and Byzantine icons.  There are bustling cafeterias, charming coffee houses and taverns serving traditional Cretan “mezedes” or tidbits of local foods.

Within this Municipality is the village of  Elounda, a world renowned tourism resort area located 10 km north of Aghios Nikolaos, having an indented coastline, shaded beaches, crystal clear seas and a tranquil and heavenly environment. 

The journey to Elounda cuts along the side of the road affords you the opportunity to admire the spectacular view or Mirambello Gulf and Korfos.  The village is built on the southern coast of the Gulf of Elounda, 1km east of the ancient settlement of Olounda, from which it has taken its name.  This used to be the favoured place of legendary figures from Minoan Crete and of historical figures of our times.

Olives, CreteA few kilometres beyond Elounda, after a short but spectacular coastal run along the western edge of the lagoon is the location of the settlement of Plaka, a traditional fishing village which used to belong to Broula village council.

There are other villages within Lassithi that offer spectacular opportunity for building homes with amazing views, a taste of the culture and steps to the beach.

Reasons To Live & Build In Crete

  • Crete is a very safe place to live, with a very low crime rate
  • The costs of living is fairly low compared to other European countries
  • Most villages and towns offer a variety of amenities and services including supermarkets, banks, health clinics, hospitals, restaurants, cafes, shops, public beaches and golf courses
  • Local culture is very hospitable and there is an ease of communication for foreigners, without losing the cultural charm
  • EEC member states offer free health care to fellow EEC member nationals
  • Greece as a member of the E.U. has an open market for citizens of other E.U. countries to purchase property, which gives peace of mind regarding the safety of the investment
  • Crete is a famous tourist destination which hosts some of the most prestigious hotels and resorts in Europe and attracts sophisticated, high spending visitors all year round
  • Real estate prices are still very competitive compared to other European countries, but there is a steady rise
  • The Greek authorities have strict building laws that ensure the islands natural beauty remains unspoiled and vast development which could ruin the esthetics of the landscape will not occur, like some other holiday home destinations in Europe.
  • Rental opportunities are available for investment purposes for foreigners owning property in Crete

For further information on Europlan-Crete visit their website at http://www.europlan.gr, or email info@europlan.gr.  They can also be contacted at R. Kapetanaki 13 - 72100 Aghios Nikolaos, Creta - Greece, or by telephone on 0030 28410 28452.

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