Investment Property for Sale in Crete, Greece

Panoramic Sea View Apartments, Crete, Greece

If you're an investor looking for a development that offers great leverage with an excellent rental return then look no further than Turtle Bay, Crete.

This is a truly fantastic development of only 14 apartments, with uninterrupted panoramic sea views that will always remain the same, due to its elevated position. Prices start from only € 56,350 and with a 100% mortgage (STS) this resort is an investors dream. These apartments will be ready this summer so you can start to see an immediate return on your investment.

The 2 storey apartments are located in a small seaside village which is one of the most popular holiday locations in Crete, with its azure blue sea, safe beaches and all year round climate. From an investors perspective the rental yield here is excellent an ROI of over 10%-12% is easily achievable and with the holiday rental market in Crete one of the most buoyant in Europe, obtaining that ROI is not difficult. The apartments are modern and clean and designed for both the residential and holiday market, so both short and long term lets are possible. There is a large student population in Rethymno, which is only a bus ride away, so there is an established rental market to take advantage of during the quieter holiday seasons. These apartments are unfurnished with fully fitted kitchens and European style bathrooms. There are large windows in each apartment to take in the spectacular views.

All studios and apartments have views to the sea and open fields behind. The properties will be finished with tiled floors, double glazing, fitted kitchens and points for television and telephone/broadband. Fittings for central heating will be in place.

Turtle Bay Information

Turtle Bay resort is true to its name and located in one of the finest Turtle egg nature projects in Greece. Holiday makers can see the young turtles scurrying down to the beach in between the deckchairs. The resort is located in a small village with its tavernas, supermarket and local square, and for the holiday maker liking peace and quiet it is perfect. For holiday makers wanting a bit more action the vibrant city of Rethymno is only a bus ride away. Rethymno is an all year round unique city, with its Byzantine and Phoenician architecture very much in prominence. It has many festivals and its 30,000 inhabitants are increased by 10,000 each year as it has one of the finest universities in Greece located here. It really does have its own unique atmosphere and even in November and December the temperatures can go up to 24o C. Although the area is popular with tourists, Rethymno remains very eclectic.

In our opinion this is one of the best property investment developments we have seen for a long time and the 100% makes this a true investors product, which means as there are only 14 apartments, these will sell very quickly, so call us now for more information and our Crete investment info pack.

Payment Terms

There is a €6,000 fully refundable deposit, to ensure that we only have serious investors applying for the 100% mortgage. If successful that fee then goes towards closing costs, and can be recovered from the 100% mortgage funds.

Prices From:

Studios € 56,350
1 Bed € 94,760 - €150,650
2 Bed €116,219 - €207,000