Bay View, South East Crete
The client was looking to purchase her first overeas property investment. Key factors were location, value and risk.We identified a few possible solutions but Bay View in South East Crete ticked all the boxes. Excellent location. The airport at Sitia (just 40 minutes away) will open to commercial traffic shortly provide access to this part of the island. For €99,000, the client bought a 2 bed ground floor apartment with its own terrace and garden, leading straight to the swimming pool. The site is just 200m from the Mediterranean. Finance and banking are readily available from a very keen Bank of Cyprus. The area is being developed very carefully, so there should be strong rental demand and excellent capital growth. We have bought a villa there, so we were very confident about this choice.
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