New Development for sale in Rethymno, Crete Property

New Development for sale in Rethymno, Crete Property

The traditional village of Gavalochori is situated in the foothills of the White Mountains in an area of outstanding natural beauty. In this spectacular area 3 villas are constructed with traditional building techniques to blend harmoniously with the environment. The traditional style and the modern comforts are put together to ensure the unique Cretan way of life. Remarkable beaches are close by and the Chania International airport and Souda port are a few minutes drive.

More Info on this Crete Property

How to buy property in Crete?

· For older properties, a 10 per cent deposit is paid at the time of a pre-contractual agreement. Nothing should be paid until a legal search is carried out by a lawyer. It is advisable to update the "topograph" (plan) of the property, asking neighbours to agree and sign on the property's limits.

· The purchase contract is always executed in front of a notary and registered with the Land Registry. You must declare your property every year to the government via an E9 document.

· Taxation is very complicated. Put simply, purchase costs are 10-14 per cent on an older property. Stamp duty is calculated on the "assessed" or "tax value" of the property, which is usually much less than the market price. 19 per cent VAT is payable on newbuilds.

· Capital gains tax is payable on properties bought after January 2006 - on a sliding scale,for example, 20 per cent in five years.

Panoramic Loutra: New Development for sale in Chania, Crete, Greece From 97740 euros

The small attractive village of Loutra nestles in a verdant landscape of low hills with spectacular sea views to the north. Approximately six kilometers southeast of the city port of Rethymno, on the road to the historic monastery of Akardi, it sits bathed in reflective sunlight from the silver-green olive trees cultivated here since Minoan times. Arranged around its pleasant and convivial public square; and with ample shopping facilities for residents and visitors alike, Loutra is noted for its surviving period architecture. Here you can find many fine examples of Venetian period buildings.

The project Panoramic Loutra is located just seven minutes walk from the village square. Here we are developing four unobtrusive residential apartment complexes and one family house. In all there are sixteen modern, luxurious units of between 54m² and 117m² area; each having either its own private pool and/or access to a communal pool. There is ample private and communal space for all to enjoy the typical Cretan al fresco lifestyle, with the shaded terraces, balconies, patios with pergola and small garden areas.