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Combined sale of 4 seaside properties in North-East Crete

115,000 €
  • Total area
    11,023 m²
  • Bedrooms
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  • Balcony or terrace
  • Garden
  • Sea view

This is the sale of 4 different neighboring properties in the coastal area of Spitiana, Hamezi in North-East Crete, not far from the town of Sitia. The sale includes: Plot 1: A building plot of 4,272 m², free from forestry on which it is possible to build a house or houses of up to 200 m². There is a dirt road leading to the plot. About 25 olive trees on the plot. Some of them very old trees. There is a breath taking view from all the plot. The plot is build of 3 main terraces. Two stone houses: A stone house of 34.5 m², partly with concrete roof + a yard of 42.5 m² and another stone house of 165 m² (without roof). Plot 2: A building plot of 6,509 m² which is not free from forestry because there was no application yet. On this plot is located a caravan and a big and strong pergola with a roof of about 100 m². The caravan is about 30 m². There are 2 double bedrooms, each of them has a closet. A living room + kitchen area with wide glassed door facing the sea and another door leading to the back terrace. In the kitchen is a small refrigerator very energy economic. A small shower room. A toilet room. There is a solar system for electricity and a gas system for heating the water. Outside there is a very big and strong pergola of about 100 m² standing on 14 wooden colons. In the front there is a very big covered veranda with an amazing and breathtaking view. There is a very useful outside kitchen, and a specious sitting area and dining area. In the back of the caravan there is a very wide beautiful backyard surrounded by a stone wall, stone staircases and a garden in the middle. One can still see part of the sea view while sitting in the backyard. There are 3 storerooms. 2 of them attached to the caravan and 1 is located far from the caravan. In this storeroom one can put a generator for backing the solar system. A garden of 370.95 m², attached to plot 2, right behind the caravan. This property can create a rental income. The owners currently get about 5.000 euro per year.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €250,000 or more.

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    Safe haven: Greek residency by investment
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      How to buy property with Tranio


      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

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      Offer selection

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      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • Can I obtain income from a seaside apartment?

        Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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