CRETE PROPERTY
PLAKIAS CRETAN RESORT AND SPA

PROPERTY FOR SALE IN CRETE

Located on the south coast of Crete and just 35km from the charming city of Rethymnon, Plakias huddles around a small and scenic port. Plakias is all about the simplicity of life. Fragrant coffee in a local taverna, sunsets over iridescent seas and healthy local cuisine. With spectacular beaches, a sublime coastline surrounded by azure waters and a stunning mountain backdrop, it's hard to imagine a more idyllic spot for your holiday home.

The breathtaking mountain range surrounding Plakias is carved open by the Kourtaliotis and Kotsyfos Gorges which carries the Kotsyfos River through Plakias to the sea. The blue flag award makes the area ideal for wind-surfing, diving and swimming. Or of course, you can simply enjoy a relaxing stroll admiring the splendid local architecture or soak up the cosmopolitan lifestyle. And for the ultimate in affordable decadence, indulge yourself at Plakias Cretan Resorts Health & Spa Club.

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PLAKIAS CRETAN RESORT - THE DEVELOPMENT

Building is well underway and this phase of the development will be completed by May 2010. Plakias Cretan Resort has the following facilities on-site:

• Reception Area
  
• Spa including Indoor Swimming Pool, Fitness Centre, Sauna and Steam Bath
  
• Cafe and Restaurant
  
• Supermarket and Medical Centre
  
• Tennis Court
  
• Children's Playground
  
• Mini Golf and Bowling Green
  
• Library and Internet Cafe
  
• Meeting and Conference Facilities
  
• Games Room and Entertainment Area

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PLAKIAS CRETAN RESORT - THE PROPERTIES

The exclusive coastal 1 or 2 bedroom apartments range in size from 28m2 to 77m2, making them the ideal choice for friends, families or couples. These modern and high quality apartments feature a high specification kitchen and bathroom, air-conditioning and internet access. Each one features elegantly finished living spaces leading out onto enchanting verandas that enjoy panoramic views. Whether you are looking for a holiday home or a valuable property investment, these incredible properties tick all the boxes.

The beautifully presented 2 bedroom townhouses range in size from 110m2 to 112m2. These very special properties have the option of an outdoor jacuzzi, fireplace and barbeque. Situated in fabulous coastal locations, each one benefits from outstanding architectural design features offering tremendous investment potential. Each stunning property includes air-conditioning, a statement fireplace, satellite TV, internet access, massage chairs, luxurious furniture, high-tech kitchens and bathrooms, elegant decorations and incredible rooftop open living areas and verandas designed to take advantage of the awe inspiring sea and mountain vistas.

For the ultimate in luxurious living there really is nothing more perfect than one of the magnificent coastal 3 bedroom villas. Designed for discerning clients who demand the very best, each spacious coastal property is finished to the highest specifications and represents the pinnacle of good taste. Our portfolio of coastal villas range in size from 126m2-137m2 with a private swimming pool, fireplace and barbeque (included in the cost). Situated in fabulous coastal locations, each one benefits from outstanding architectural design features offering tremendous investment potential. Each awe inspiring villa includes air-conditioning, a statement fireplace, satellite TV, internet access, massage chairs, luxurious furniture, high-tech kitchens and bathrooms, elegant decorations and incredible rooftop open living areas and verandas designed to take advantage of the breathtaking sea and mountain vistas.

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PLAKIAS CRETAN RESORT - FINANCING YOUR PURCHASE

There are valuation reports available, which have been prepared by two banks: Alpha Bank and Eurobank. The mortgage percentage for the clients of Plakias Resorts depends on the borrowing ability of the buyer and can currently reach up to 75% of the property price, for the banks we work with. Nevertheless, mortgage terms in Greece are improving month by month and we believe that the mortgage percentage will improve in the near future and prior to completion.

The developer has made an official request to the Greek National Tourism Organization (E.O.T.) to obtain a license in order to manage the project for tourist use. After completion of Phase I, the request will be reviewed by an EOT committee in order to obtain the official license by EOT (EOT sign). This means that the project will deemed to be tourist accommodation by the Greek state. Obtaining the license by the EOT will give the opportunity to a management company to manage the project for tourist use and provide a yield to each owner. The developer has planned the establishment of a management company which will be ready in early 2010.

The clients who wish their property to be managed for tourist purposes by the management company of the project, and until the final license is obtained by the EOT as tourist accommodation, will receive a rental guarantee of 3% p.a. for each of the first 2 years of its operation in May 2011 and 3% in May 2012. Those who do not wish their property to be managed and receive a rental yield, by declaring so before the final contract is signed, will receive a complete furniture pack worth up to 6% of their property price to be chosen from options offered by the developer.

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PLAKIAS CRETAN RESORT - PAYMENT TERMS AND PRICES

Our refundable reservation fee policy enables you to hold an apartment for up to 28 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first installment. The reservation fee is only refundable if the client views the property for sale in the development within the 28 day period. Only 10% of your reservation fee is retained as an administration charge. We will accept verbal reservations which are valid for 48 hours. The refundable reservation fee is €3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first installment. After 28 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.

€3,000 reservation
20% on contract (minus reservation fee)
20% on commencement of construction
20% on completion of the concrete walls
20% on completion of the flooring
10% on completion of the doors and windows
10% on delivery of the property (estimated May 2010)

If the buyer finances their purchase with a bank mortgage, the payments will be scaled according to the bank's payment schedule based on the progress of the construction work.

Prices from €88,000 (£77,000)

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