(Editor’s note: Dispatches receives no remuneration on this post about a real estate development opportunity in Messenia, Greece. We’re just here to help. That said, if you want to get your real estate – residential, commercial, office or retail – in front of our global audience of expats and highly skilled internationals, contact us at: [email protected])
Moving to Greece is becoming an obsession with more and more expats, particularly Americans. Of course, Greece offers a lot of options including major cities such as Athens and Thessaloniki, not to mention 227 inhabited islands.
As it happens, we have the details on a particularly attractive seaside property that includes two buildings and multiple luxury units. And purchasing this property, or another at this price point, would qualify your for a Golden Visa residency permit.
But first about the area.
Beaches, mountains and history
The seaside community of Episkopi is located in Messenia (also spelled “Messinia”) the olive-rich southwestern region of the Peloponnesian peninsula of Greece. It is about a three-hour drive from Athens and less than a one-hour drive from the city of Kalamata and Kalamata International Airport.
In Episkopi and its surrounding areas, you will find long, wide, sandy beaches and lots of other natural and human-made Greek wonders. There are nearby mountains, rivers, wildlife refuges, archaeological sites and castles in the Messenia region.
Messenia’s weather is typically mild in the winter and warm (or hot!) in the summer.
Property description
Construction is on-going, but the finished architectural designs are available for immediate viewing. The property will be handed over when it’s completely ready for its residents. The developer is a Greek-Australian with strong roots in the area and reliable connections to the builders who completed the phases of construction.
This boutique complex contains two architect-designed buildings with a total of 10 luxury suites with front and back balconies. Each unit has sea views and views of the surrounding silvery-green olive groves.
Upon completion, each suite will have a separate bedroom, bathroom, kitchen and lounge. Each unit will be equipped with high-quality appliances and high-end furniture, beds and bedding. The common areas will include a reception area, swimming pool and pool bar, landscaped gardens and exclusive beach access. Private parking spaces will also be provided.
The potential ROI on this development is significant, with strong resale potential. The area’s real estate market already is on an upward trajectory and prices are projected to rise as the region is marketed and gains international buzz. Rental income offers another investment strategy. These luxury suites can be leased out on a short-term or a long-term basis, catering to the growing number of wealthy visitors to the area.
Pricing and Payment Terms
The asking price for this property is 2.2 million euros.
A 50-percent deposit will be required upon the signing of the purchase agreement. Upon receipt of deposit, the owner will complete the suites and hand them over in turnkey condition. The remaining 50 percent of the price will be due upon the completion of all contractual obligations.
An investment in this project would also qualify purchasers for a Golden Visa.
Need more information?
If you require more information, feel free to send me an email with your questions. Christina Hudson, [email protected].
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See more about real estate here in Dispatches’ archives.
A Pittsburgher by birth, Christina T. Hudson is also half Greek and has – so far – spent most of her life in Athens, the chaotic but captivating capital city of Greece.
