Premium real estate market

The real estate market in Greece has been open to foreign buyers for a relatively short time. The real estate market on the island of Lefkas is definitely not an inexpensive market everywhere on the island. Much to our amazement we came across small, simple village houses in less than desirable locations on Lefkas that were more expensive than larger houses with more land in northerly West European countries. This is indicative of how attractive it is for foreigners to own a second (or first) home on Lefkas. However, undeveloped choice property is still inexpensive.

We believe that the premium real estate market on the magnificent south and south-east coast of Lefkas has a great deal of potential and that the market’s investment climate offers promising opportunities for investors. Buyers who are seeking something essentially different from Southern Spain, the Algarve and the South of France can still find real estate on Lefkas with a much more favourable quality and price ratio than in Europe’s tourist regions along the southern coasts. On Lefkas, quality is largely determined by the island’s beautiful landscape, the deep blue and clear sea, the vistas, the unspoilt nature, the tranquillity, the way of life and the authenticity which nearly all of those other places have lost.

Prime building locations

The island’s prime locations are unique, with magnificent vistas of unspoilt natural beauty, lovely bays, the deep blue sea and neighbouring islands. The value of all this is further enhanced by the authenticity of the island and its people. Yet, as everywhere else, the best locations on Lefkas are becoming scarce and are increasingly being bought up.

The price of a prime building site is still low. This also applies to building costs. However, purchasing premium real estate in Greece in a responsible way is far from simple. This is also true of the construction process itself. It is imperative to get reliable advice and organize good, solid guidance and supervision of the construction activities. Occasionally, we apply our local experience and know-how to assist a potential buyer with the selection, purchase and development of first-class property.

A stay at one of the House Of The Sea accommodations is an excellent first step towards becoming acquainted with the island of Lefkas and investigating the concrete options of buying premium real estate there.

For information on our House Of The Sea luxury rentals, click:

www.houseofthesea.com

Explosive price increases

The interest in purchasing premium real estate on the island of Lefkas is growing. Not only with the aim of living there part of the year or, more and more often, all year round, but also as an investment. Prime building land will soon become a scarce commodity. This leads to explosive price increases. And as always: the best locations are bought up first.

Prices of premium real estate on Lefkas have risen substantially in recent years. However, these prices are still low when compared to other popular ‘places in the sun’ in Europe. In other South European regions with similar climates, the price increases are also steep, although not comparable to Lefkas.

People in the know are of the opinion that prices of real estate on Lefkas will soar in the coming years. In 2006, the price of prime building land in the vicinity of Marbella or in the Algarve (comparable climate, but an unappealing lifestyle and overcrowded with tourists and retirees) was more than thirty times higher per m² than prime building land on the south coast of Lefkas.

The price of land at the best building locations on the south coast has at least quadrupled in the past five years. A generally voiced conservative estimate is that the current price levels will double in the next few years. But it’s not only the price of land in excellent locations that’s still relatively low. The same applies to building costs.

Investing now in premium real estate on the island of Lefkas is an investment opportunity for investors as well as for lovers of nature, beauty, tranquillity, authenticity and joyful living. Mind and emotion go hand in hand in the Lefkas premium real estate market.

If you are interested in becoming better acquainted with the island of Lefkas, we suggest you visit our rental website. There you can find relevant information not only on our House Of The Sea luxury villa rentals, but also on the island, the climate and ‘What to see, what to do’. A stay in one of our beautiful, magnificently situated houses is an excellent way to discover the island of Lefkas and explore premium real estate opportunities. To visit our luxury villa rentals website, click:

www.houseofthesea.com