Key Details
Elounda Hills, Agios Nikolaos, Crete, Greece
Crete is the largest of the Greek islands. Minoans, Hellenes, Crusaders, Venetians and Ottomans have cruised through here over the past few thousand years. Yet when you visit Crete you'll find the pretty fishing villages and shady olive groves wear their history lightly.
Steeped in Greek myth, Crete holidays offer you the chance to follow in the footsteps of Theseus, unspooling Ariadne's thread in the Minotaur's labyrinth at Knossos. You can investigate the fate of the Minoans, swept away in a calamity that inspired the myth of Atlantis, or the world of Homer's greatest heroes.
But there's more than mythology to Crete. You can savour fresh fish in a waterfront taverna, or a glass of raki and a game of backgammon in a back-alley kafeneio. Or feast on the delicious smoked pork dish called apakia, dakos, the island's answer to bruschetta, and local olives, oils or cheeses.
Snug amid clear waters, with rugged Spinalonga island just off-shore, Elounda hits the Cretan sweet spot, pairing peace with contemporary style. Still at heart the pretty fishing village it always was, pastel houses, craggy landscapes and quiet beaches make this the serene heart of Crete.
Buyer Benefits
The residences at Elounda Hills allows you to invest in a property in the coastal area of Greece and apply for a Golden Visa.
The Greece Golden Visa Program is a residence by investment program that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. Qualifying for the program requires an investment in real estate with a minimum value of €250,000, plus applicable taxes.
It allows owners and investors to reside in Greece, study, and travel freely within the Schengen Area which includes 26 European countries; after 5 years you will be eligible to apply for permanent residency.
The residence permits may be renewed every five years.
Investment advantages
The residences at Elounda Hills allows you to invest in a property in the coastal area of Greece and apply for a Golden Visa.
Minimising financial risk and maximising your comfort is a priority at Elounda Hills. So if you decide to take advantage of the managed rental programme, you are guaranteed a yield of 4% for the first three years.
Should you desire/require finance, the developer’s partner bank is available to handle your mortgage for you from start to finish.
In addition, the developer is currently offering a year of complimentary property management services.
All buyers enjoy an exclusive Elounda Hills loyalty card. This entitles you to a 15% discount on selected services in-resort and abroad, such as such as owner privileges across all 1 Hotels globally, pre-arrival kitchen, in-home botanical care and many more.
The first fifteen buyers and all super villa owners will receive a complimentary state-of-the-art electric car.
1 Hotels run exclusive luxury hotels all over the world, and investing with us entitles you to 25% off at a number of their locations, ensuring comfort at all times and all places.
Note:
The 24 per cent VAT payable on new-build homes in Greece has been suspended until the end of 2024.
Crete is also popular with digital nomads: the visa requires proof you work for a foreign company and have a monthly salary of at least €3,500.
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