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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...

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.

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Welcome to the island of Crete!

The Southern side of the island is still undervalued, and prices will rise higher in 2013. Now it’s time, before the new airport and the highway which connects the southern Crete with northern and central parts of the island are completed.

It is highly recommended to act now, if you are interested for the warm climate of Crete, which attracts millions of Foreign and Domestic visitors every year.

Do not wait for your dreams to come true, if you have visited Crete and you 'd love to live in there. Benefit from our over 30 years experience in real estate. For more information, feel free to contact Mr. Philip Lamprakis.