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Investing in Cretan Real Estate

Investing in Cretan Real Estate Creta is one of those islands where you find all kinds of traditional Aegean properties and where the cli...

1/05/2020

2020 is the year to relocate to Crete

Happy New Year 2020!

Frédéric Boissonnas 1911 Omalos Plateau

2020 would be the year of opportunities. Good time to relocate. World is changing, so I bet it's better to be at the center of the globe.


Well it depends from where you are looking. The view is excellent, however just think about it. Crete is the center of the world, or at least it was at the Minoan empire era. Don't get me wrong. Crete is always beautiful, all seasons and almost everyone wants to live there. 


Today we present a terrific property on sale, which is called Rizomata Lakon, (Greek: Ριζώματα Λάκκων). Lakki is the last village you meet before you reach Omalos Plateau, which is the start for the Samarian gorge. This beautiful real estate property at the center of Chania perfecture has a fantastic view. The distance to Chania Airport (CHQ) is 25 klm.


If you would like to see the area in Google Maps just search for Crete, Lakki 73005.



The land for sale is 6,000 m2 which allows you to build around 240 m2 in a compact building, or separate rooms to rent. It contains 80 olive trees that they are around 50 years old.



Lakkoi is located in Chanea, Kreta.

Lakkoi (Greek: Λάκκοι), commonly spelled Lakki on road signs and maps, is a village on the Greek island of Crete in the foothills of the Lefka Ori (White Mountains).

The village is situated on the road between Chania and the plateau of Omalos which leads to the Samaria Gorge.[wiki] Time zone UTC+2 (EET)  • Summer (DST) UTC+3 (EEST)

Elevation is 450 metres high, (1,480 ft). Lakki are below the White Mountains which rise another 1,000 metres to the south.

Gigilos, the highest peak of the white mountains.

Lakki is today a municipal district of the Municipality of Mousouroi, Platanias, Chania. They are located in the center and west of Chania Prefecture at the foot of the White Mountains near the Omalos Plateau and the Samaria Gorge. Most of the houses cling to steep slopes covered in olive and chestnut trees, reached through narrow roads or tracks that run down from the main square.

Lakkoi, Omalos, Cretan traditional wedding.

In the early 20th century, Lakkoi was the seat of a municipality, the municipality which included the villages of Lakkoi, Karanou, Orthouni and Hebron. A report of 16 April 1898 the population was 13071 (Chatzi Michali Giannari Archives, Historical Archive of Crete Volume III).

View of the Lakkos with the monument of the fallen heroes to the left and the church of Agios Antonios.
Painting by Alekos Batistatos, offer to the Association of Lakiots.

With limited work opportunities, the population has declined from a peak of around 2,000 at the middle of the 20th century to less than 2,00 today. They are engaged in agriculture, livestock farming and of course tourism.



The climate is cool in winter, with occasional snow, wet in spring, hot and dry in the summer. Prior to the major brush fires broke out twice of 2003 and 2007, there were 120,000 perennial olive trees, around Lakkoi, most of which were planted from the Venetians and produced large quantities of olive oil. After the fires, less than 20,000 trees are left.



Livestock farmers are struggling to cope with the needs of life so traditionally they are cultivating olives and raise goats, sheep and chickens..


Tourists visit the place for hiking in the mountains paths of the White Mountains, or to cross the famous Samaria Gorge (six hours to walk). Its beginning is located in the Omalos Plateau.
There are signs of growth as houses are being purchased and renovated by citizens of other European Union countries, seeking low-cost retirement or vacation homes. Many tourists park their vehicles there to start the Samaria gorge hike. There are a few places to stay near Samaria Gorge. Just about 10 families are involved in tourism in small hotel businesses in Omalos and Lakos.

So if you are interested about this unique property, please try to locate it in Google maps here.
Below you can see street view images.





We will be waiting for YOU!


9/19/2019

Amazing view and peaceful environment in Crete


BEAUTIFUL PLACE IN CRETE FOR SALE NOW!

Call me for details

Excellent view and peaceful environment  

house in  Crete

for sale!



1/13/2017

Real Estate for Sale

Uncovering the Real Estate for Sale

Real Estate Investments are often termed as low risk investments that can potentially yield good returns. A lot of people think that Real Estate is an easy business where you don’t really need to do anything. However, the truth is that Real Estate Business does need you to put in some effort (if you really want to make profits out of it). The most important thing is to be able to uncover the real estate for sale that will yield profits. So how do you go looking for Real Estate for sale?

Generally, a lot of people start looking for ‘Real Estate for Sale’ through the Internet. And why not, internet is after all the hub of all information. So, you could look for Real Estate for Sale using the Search Engines on the internet. You could also specify your requirements in Search criteria on the Real Estate sites in order to get very specific results on real estate for sale. 

You can even view images and video of some of the properties thus reducing the need for personal visits for viewing. So, this is surely a good option for finding real estate for sale.
However, not everyone is tech-savvy and there are a lot of people who still take the approach of putting up an ad in the local newspapers. 
So look for real estate for sale in the local newspapers. In fact, there are some newspapers that are dedicated to just that i.e. real estate for sale. You could even go ahead and put up a ‘wanted’ ad in these newspapers. 
Sometimes, looking up for real estate for sale in old newspapers (like 1-2 months old) can help you get a good deal (in case the property owner has not been able to sale the property and has become a bit more ‘motivated’ to sell it).
MLS i.e. multiple listing service is often termed as one the best ways to look for real estate for sale. These are published by the real estate boards. If you can lay your hands on a MLS book as soon as it is out, you can really expect to get good deals. The key is to act fast.
Open houses are another good way of getting the best out of time. You can get to see dozens of ‘real estate for sale’ properties in a very short period of time. And you never know when you might come across a property that is real gold.
Investor groups are yet another rich source of real estate for sale information.

Of course, how can we forget the real estate brokers? Real estate brokers are one the most popular (and sometimes most effective) information resource for real estate for sale. Not only do they provide information about ‘real estate for sale’ but also assist in getting the deal finalized and closed.
Besides that, you can also get very good deals through public auctions, bank foreclosures, and distress sales. If you don't find anything that suits you, please feel free to contact us for Real Estate Deals in Crete.

5/10/2012

Real Estate Investing


5 Tricks to Make it Big with Real Estate Investing

Real Estate Investing is one of the most attractive ways of making good money (that is if you do it correct). Moreover, real estate investing is also a lot of fun. A lot of people practice real estate investing as their core profession and, in fact, make a lot of money that way.

Real Estate Investing is really an art and, like any art, it takes time to master the art of real estate investing. The key, of course, is to buy at a lower price and sell at higher price and make a profit even after paying all the costs involved in the two (buy/sell) transactions. 

Generally, people are of the opinion that real estate investing makes sense only when the rates are on the rise. However, real estate investing for profits is possible just about any time (and as I just said, real estate investing is an art). Here is a list of tricks that can make real estate investing profitable for you:

1)            Look for public auctions, divorce settlements and foreclosures: Since quick settlement is the preference here (and not price), you might get a property at a price that is much lower than the prevailing market rate. You can then make arrangements to sell it at the market rate over a short period of time. However, make sure that the property is worth the price you are paying.

2)            Looking for old listings: The old listings that are still unsold may provide you with good real estate investing opportunities. Just get hold of an old newspaper and call up the sellers. They might have given up hope of selling that property at all and with a bit of negotiation you can get the property for a real low price.

3)            The hidden treasure: A really old (and dirty) looking house may scare off buyers. But this might be your chance for real estate investing that can yield good profits. So, explore such properties and check if spending a bit on them can make them shine. You can get these at very low prices and make a big profit in a short time.

4)            Team up with attorneys: There are a number of attorneys who handle property sales on behalf of sellers or in special circumstances (like the death of the property owner). They might sometimes be looking to dispose off the property rather quickly and hence at a low price. Be the first one to grab such real estate investing opportunities and enjoy the profits.

5)            Keep tab on the newspaper announcements: Property sell offs due to deaths, divorce settlements, immediate cash requirements and other reason are frequently announced in local papers. Keep track of such real estate investing avenues.

1/22/2012

Cretan real estate

Cretan real estate: The buying motivation

Do you need Sun and fresh Water for recreation? There are hundreds of idyllic villages where you could buy or build your ideal home and you can find offers of real estate properties right now. This is a crucial period. So if you love Greece and you'd like to be a local, have no fear. Act now. Come to Crete.

Help keeping all the world a better place.




Cretan real estate market is really hot. 


The centre of a lot of action of the island of Crete is Heraklion metropolitan area. However, when it comes to real estate investing, every area is hot. Based on whether you are looking for Crete real estate just as an investment avenue or whether you are looking for Crete real estate to actually live in, your preferences would change a bit. One thing which you would always want is a low price, but that is something that would require some effort.

If you are looking to get a piece of Crete real estate for yourself and your family, then you need to consider a lot of different things which will also influence your perception of the lowest (or the best price) for that Cretan real estate piece. Note that the best price for the same Cretan real estate piece might be different for different people (because their level of motivation to buy a particular Cretan real estate piece might vary). 

So, if you have a lot of friends living in a particular area in Crete, then Cretan real estate in that area might become your preference and hence increase your motivation level. 
Similarly your buying motivation will be higher if you are planning to move into the place on account of a new job that you are taking up in that place or if you have been transferred to that place in your current job itself. If you have children, you would have to look around for Cretan real estate which has good schools around it. Again, you would like to evaluate your lifestyle and see if there is place that is in particular suited to your lifestyle.

There are a lot of factors that could lead to increased motivation levels. Generally, more the motivation of either side (buyer-seller), lesser is their negotiation power. So even if you are much motivated to buy a particular Cretan real estate piece, do not show it in front of the seller. Though hiding your motivation will be a bit difficult, nonetheless give it a good try. If you are looking for Cretan real estate just for investment purposes then you would probably have a lot more time on hand to evaluate various properties before you actually go ahead with one, since your buying motivation will not be too high in this case. 

Remember that if you have time on hand, you can always get better deals (and there are lots of Cretan real estate deals out there, if you were to look properly at the island of Crete).

1/12/2012

Investing in Cretan Real Estate


Investing in Cretan Real Estate

Creta is one of those islands where you find all kinds of traditional Aegean properties and where the climatic conditions vary hugely from place to place. You have places with moderate temperatures and you have places which experience all four seasons in their full glory. Sun, romantic evenings, beaches and calm weather are all characteristics of the island of Crete. So there are a number of things to consider before you actually go for investing in Cretan real estate.


The first thing to consider for investing in Cretan real estate is to select the place/area for your real estate investment at Crete. This is more applicable to people who are looking at Cretan real estate more as an option for leading their life (rather than an investment option). That said, even if you have chosen the region for investing in Cretan real estate, you need to be careful with selecting the location in that region i.e. the right real estate piece that will fetch you good profit. Generally, growth of business (e.g. big companies acquiring land for establishing their offices) is an indicator of appreciation in real estate (whether Cretan real estate or any other). 


That is the consideration with regards to new developments in Cretan real estate or with respect to significant changes in the economic situation of a particular place in Crete. However, there are always opportunities and they are there everywhere. You just have to hunt those opportunities in order to profitably invest in Cretan real estate. Post cards, phone calls, public auctions, foreclosures etc are all possible opportunities and ways of getting a good deal for Cretan real estate investment, whether it’s in the Heraklion area, or at one of the other three prefectures, Chanea, Rethymnon and Lasithi. You could also partner with the local attorneys in the region i.e. attorneys who handle property matters in case of death, divorce, defaults etc. These people can give you good leads on Cretan real estate investments. In such cases, whoever gets the information first gets the advantage. You can really lay your hands on some good Cretan real estate deals in this way.

Yes, that does take effort and if you were to think that money can be earned without putting-in even that much effort, I would tend to disagree with you. A small amount of effort can really make a difference of thousands of dollars in terms of the Cretan real estate deal that you get. Another good idea is to inform your friends in Crete that you are looking to buy a piece of Cretan real estate and, in fact, let everyone know that you are looking for a piece of real estate in the island of Crete. A very good Cretan real estate deal might come to you through one of your contacts, you never know.So with the real estate prices rising (as always), investing in Crete on real estate does seem like a great idea.

12/31/2011

Lasithi real estate


Province of Lasithi Real Estate 

Lasithi is the eastern part of Crete, with the same moderate and warm climate, ancient sites, famous beaches and entertainment venues like golf clubs, Elounda traditional villages, Kritsa or Agia Fotia, really make Lasithi real estate very attractive. So that means Lasithi real estate or buying a house in Lasithi is really good for someone who wants to escape the vagaries of weather elsewhere in Europe and also add to his/her enjoyment through the Cretan beaches and protected “Natura” areas. 

Lasithi real estate is also attractive for real estate investors i.e. people who would like to treat Lasithi real estate as an investment avenue for making profits. With the property prices rising as much as 25%, Lasithi real estate makes investment sense too. That is one reason why Lasithi real estate is so sought after. If you wanted to look for a really good deal in Lasithi real estate, you should start with looking for places that are still in their development phase i.e. places where the real estate prices are not so high but are expected to go up in the years to come. This is generally a good option for people who are looking to pick up Lasithi real estate as an investment option. 

This is also good for people who are looking for Lasithi real estate or a house in Lasithi to live in by themselves but don’t mind a bit of inconvenience that is generally associated with a developing area. As far as looking for Lasithi real estate listings is concerned, you first need to decide on what location in Lasithi is suitable for you. 

Again, this will depend on your reason behind going for Lasithi real estate. If you are going for Lasithi real estate purely for investment purposes (i.e. you don’t actually want to live in there), then you should really be looking for places where the prices are significantly low but are rising or expected to rise in near future, so you might consider the Lasithi Plateau which is a famous turistic attraction, but you can also find good deals near the port of Agios Nikolaos, sometimes.
One indication for expected price rise is the influx of a lot of businesses in the area. Industry/business generally propels development in the area and hence causes the real estate prices to go up (and that would be true for Lasithi real estate too). Of course, distress sales, public auctions, bank foreclosures are like evergreen opportunities that are available in any place at any time and you should always explore them. If you are going for Lasithi real estate for personal use, then you would be looking at a number of different factors which would basically be related to your convenience and quality of life. 
Lasithi is from where the sun rises first on Crete and that is also making all the Lasithi Province Real Estate shine like the bright sun.