Bay View Crete

It seems that everyone that has holidayed in Crete has loved the experience and has fond memories.  Until the advent of Candia Developments all those that have wanted to buy their dream home have had limited and challenging options. Either to purchase a plot of land, gain planning permissions, build and then connect to services OR purchase a wreck in a village and go through a similar process.

Candia Developments strives to take the uncertainty and difficulty out of buying overseas property in Crete and is currently the ONLY company offering high quality, turn key, communities with a specialist executive to guide purchasers through the purchasing process, obtain (70% status or 60% non status mortgages).

The first project of Candia Developments, the specialist developer in the South East of Crete, was Grapevines, a gated community of 20 townhouses surrounding a courtyard, swimming pool, landscaping, terracing with elegant evening lighting, situated in the heart of Makriyialos.   The style and type of development is making Grapevines a breakthrough development, probably in all of Crete not just Makriyialos.

Bay View, a prestige development on the most southerly coast of mainland Europe is set to be another landmark community for Candia Developments.

Located in a 6 acre amphitheatre in the heart of raw Cretan countryside, Bay View consists of a range of 40 and 80 sqm apartments (starting from E99,000), 80sqm townhouses and 80sqm bungalows (from E220,000) with four swimming pools and a mere 150 meters from Bay View beach and the crystal clear waters of  the Mediterranean sea.

Owners will have the best of both worlds – a high quality living environment, stylish yet sympathetically designed to compliment local culture and yet nestled in countryside, mountains and with views of the sea.

In our view Makriyialos is the best destination in all of Crete and our developments are in the best locations in and around Makriyialos.

Purchasers in Bay View receive a genuine provable discount to market value. There is some ‘profit’ on day one.

The entire Eastern quadrant is in a rising market with strong fundamentals.  The Greek Government has declared the area ‘the most favoured area for receiving Grants, with between  40% - 60%  available for 5* Hotels, spa and golf courses. Another substantial Government grant of around E28,000,000 will enable Sitea airport to have a terminal capable of taking 7 flights at anyone time. Once fully open (scheduled for Spring 2009) then the car journey to Makriyialos will be around 30 minutes.

The real difficulties of acquiring land coupled with strict planning policies restricting building density AND building more than two storeys should ensure dynamic capital growth and a ready resale market.