Tue, 27 Nov 07
Sitia airport on the North East coast of
Sitia has not previously been used for commercial flights but according to the Greek Prime Minister the airport offers great potential for tourists and investors and will by 2009, be able to accept commercial flights from all over
Richard Brady, Director at Olive Tree International says, If buyers are looking to invest in a country where all the signs are positive, then
This is just part of major plans recently laid out for the promotion of
This is excellent news, continues Richard, those looking to buy properties for capital growth should take serious note of such a financial commitment by the Government. The island has not been a prime area of growth but we have seen tremendous changes in other countries when they get substantial financial backing. We see this as a breakthrough for the property market of
The Prime Minister, Dr. Kostas Karamanlis, stated that the Government’s fundamental strategic choice as part of the country’s development course has been to add to and extend the tourist industry whilst upgrading its quality. They support the creation of modern infrastructure, the development of new forms of tourism and the promotion of
Part of the plans are to are to open up the eastern coastal regions of Crete as it was felt that these were most favoured for substantial growth for investment to provide quality tourist areas with signature golf courses and five star hotels with conference facilities and spas to attract world travellers.
Concluded Richard, The Government’s commitments to promoting and improving the tourist industry are superb. It offers dynamic, sustainable long term growth to the region, which in turn will increase capital growth of properties.
For those interested in buying at Bay View there are up 70% off plan mortgages available making it possible to benefit from excellent rental opportunities.
Local agents report that demand for rental property exceeds supply. There are Government grants available of up to 50% for golf courses and 40% for five star hotels all of which is part of the most favoured status that
Always seen as a holiday or retirement destination, it is now emerging as a top investment market, poised to offer greater returns than
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