News & Articles

News & Articles

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5 Tips to Manage the Construction Budget of your dream home
One of the most common anxieties for people who wish to build their dream home is to preserve the available budget. The construction projects have a bad reputation of getting easily out of rail regarding the Budget. This can be very frustrating for the owner so here are some tips that you should certainly take into account:
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The steps to build your dream home on Crete with Euroimmo Team
We are often asked about the steps that we follow when it comes to a new building project. During the years passed we worked for many clients coming from all over the world and gave a lot of effort to find the optimal workflow, which will have the following characteristics:
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(SARS-COV-2) FUTURE CHANGES IN THE WORKING ENVIRONMENT AND IN OUR LIVES
Without disregarding the dramatic consequences (loss of life, threat of economic downturn) of the coronavirus pandemic, it is quite interesting from the perspective of a neutral observer to look at the specifics of this crisis and what might happen the next day. In the past, global crises, whether caused by wars, viruses, economic collapse, climate change or radical political ideas, have constantly changed the perspective in which humanity lived, accelerated historical developments and created a new reality, solved the problems of the past and looked to the future with a confident attitude full of promises that such problems would not reoccur. This promise has always influenced the development of the economy, of relations between people and also of international relations between countries.
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COVID 19 VIRUS INFLUENCE ON REAL ESTATE IN GREECE AND CRETE
After a 10-year period of crisis for the Greek economy over the past 2 years, all indicators of both the economy and real estate had stabilised and showed encouraging signs of recovery and an upward trend last year. With regard to the real estate market in Greece, several factors have contributed to this. The rebirth of the market had gradually begun with the expiry of the memorandums and the country’s much improved credit image abroad by international investors, as well as the opportunities offered by the property market due to the previous drop in prices below 20-30%. This presented an opportunity for a high return on investment in a country with the corresponding foreign exchange guarantee, both within the euro zone. Initially there was a strong increase in demand for holiday homes, mainly from Europeans, but also from residents of other countries, mainly in the Greek islands, but also from larger third country investors such as China, who bought apartments and residential complexes mainly in Athens for renovation and tourist exploitation or for obtaining a golden visa. On the domestic market, the announcement of the abolition of VAT for properties with planning permission after 2006, seems to have had a positive effect.
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ZERO ENERGY CONSUMPTION BUILDINGS IN GREECE SINCE THE 01/01/2020
Greece as a member of the EU, follows the European norms and standards regarding every legal aspect and this also includes the building regulations. Since 2010 in order to acquire a building permit for a new building or for a large scale renovation of an existing building, one of the necessary studies that must be executed is the Energy Performance Study, following the standards of the K.EN.AK. (Energy Performance Regulation). The Energy Performance study had to certify that the new residence is of an energy class “B+” or higher.
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5 REASONS TO BUY PROPERTY IN SOUTH CRETE AND LIVE IN THIS LOVELY AREA
Crete is one of the most southerly parts of Europe and southern Crete is definitely to buy property and is ideal for living since it is one of the most unspoiled places of Greece. The absence of the major towns, with the exception of Ierapetra in south eastern Crete, since all of them are situated on the southern part of the island, is preserving the unpolluted and nature at land and sea. A long mountain line, consisting of the White mountains in the west, the Ida mountain in the central part and the Dikti mountain in the eastern part of the island are the natural weather borders, separating the both of the south of the island. South Crete being located on the 35th parallel , (same as Northern Africa), being the meeting point of Africa and Europe, has as a result the mild winters , ideal for winter swimmers, and the dry-healthy climate all the year around.
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3 USEFUL TIPS FOR PLOT BUYERS
So, you have decided you want to build your new home under the Greek sun and you have found the plot you believe fits to your needs and preferences. Here are 3 things TO-DO before your final choice:
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SELLING PROPERTY IN CRETE GREECE? 3 USEFUL TIPS ABOUT THE REAL ESTATE MARKET
If you already own a property in Greece and are considering selling it, it is advisable to know some basic things about your decision, and the procedure to follow in order to have less hassle with the paperwork and ensure that the selling price will seek to respond to market conditions, and that this will be a balance between the desirable and the possible. Without doubt, at the moment, real estate market in Greece is what we call (buyer’s market), meaning that there is plenty on offer properties in very attractive prices, as developed after seven years of downward trend, and sales agreements leading to closing the sale, are now ranging at a rate of 30-40% lower than those of 2008.
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5 REASONS PEOPLE BUY AN OLD STONE HOUSE IN CRETE
Since 1991, when the Cretan property market was opened to European citizens, the most popular property market has been the old stone houses, (until then Crete was considered as border area, so buying property was not aloud to non-Greeks). Still today, traditional homes haven’t lost their popularity regardless of the rising modernism… Here are 5 reasons why this happens ...
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PROPERTY LEGALIZATION LAW IN GREECE
There had been a lot of attempts by various Greek governments to give an end to the arbitrary building, which had been very popular in the past decades.The last attempt started on 2011, when it was announced that a new law would finally end the illegal structures by giving some motivations to the property owners and by obligating them to legalize in case they wanted to sell or do any official deed for the property. The great advantage of this attempt was that the whole process was undertaken by an engineer and there was no application to any public office that would extend the timelines of the process, except from some special cases. In 2013, this law (4014/2011) was judged by the Supreme Court as “anti constitutional” and was finally cancelled and replaced by a similar law (4178/2013) which is still on today. The 4178/13 law follows the same process and keeps the same philosophy with the 4014/11.
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SHOULD YOU BUY PROPERTY IN GREECE DIRECTLY FROM THE OWNER?
Nowadays, information is easily accessible on the Internet and a simple search gives us millions of search results, related to the search key words. This is also the case in the real estate market, where the internet is now taking the major part of the sales pie. Anyone wishing to buy, or sell a property, begins his research through his smartphone, while enjoying his coffee break, thousands of miles away from the location of his dream home, and can immediately access numerous web sites offering properties. He can also contact the property owner or a local estate agent and arrange a property viewing. If things are so simple to approach and having the possibility to reach a property owner and thus avoid paying the agent’s commission. Taking into account that buying or building a house is for the most of people an one time venture, and especially when it occurs in taking this major step overseas, the question that arise is : Is this safe, or could it be turned to an adventure ?
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WHAT IS HOME?
WHAT IS HOME TO YOU? What does “home” mean to you? What does it really, truly, deeply mean to you? The isolation of the Coronavirus has made this question even more interesting. Do you love your home? Do you enjoy every corner of your home, every moment, every day of your life? Could you stay there every minute of every day for a very long time? Can your home fit into a daily routine?
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3 useful tips fro people who wish to buy land and build their dream home in Crete Greece
Building a house is worldwide an experience that can be very challenging and it can be more challenging when building a house in a foreign country, without being present on the project, so in order to make the experience nice and smooth, it is important to choose the correct professionals and will follow the correct steps from the plot purchase to the final delivery of the house.
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Invest in Rental Villas in Crete Greece
Due to the massive, all-inclusive tourism trend of the major hotel unites, the majority of individual, quality clients have changed their holiday choices towards individual rental villas. The reason is they are offering the luxury of a first-class hotel and the tranquility and individuality of a private house. This new trend is being creating unique investment opportunities for investors, and especially for people, who would like to combine their holiday home with a profitable investment.
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Building Regulations in Greece Rights and Restictions
When it comes to a plot purchase interest from a client, the first question that we are always asked is “What are the Building Rights on this plot of land?”. This article will help you understand the basic “plot categories” and their build-ability.
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Why Crete is attractive to travelers, holiday property buyers & Real estate investors
Crete forms a significant part of the economy and cultural heritage of Greece, while retaining its own local cultural traits (such as its own poetry and music). The total population of the island is around 650.000. There is no heavy industry on the island and, apart from tourism, locals engage in livestock rearing (predominantly sheep and goats) and produce high quality olive oil from the ubiquitous olives.