4 hours agoBay View Resort is a select development of villas, penthouses, bungalows, and townhouses, located in the Lassithi Prefecture, at the undiscovered eastern end of the Greek island of Crete, the most south-easterly corner of Europe.
The area has a long history dating back to prehistorical times, and the remains of Minoan, Cretan, Aegean, Roman, Byzantine, Venetian, and Ottoman settlements echo the tides of civilisation that have swept this land. Natural treasures include a scattering of uninhabited off-shore islands; the crystal-clear blue waters of the south-eastern Mediterranean; long sandy beaches, secluded coves, and rocky headlands; and a mountainous hinterland where occasional rivers cut deep gorges and irrigate lush green plateaux.
The whole area is punctuated by traditional Cretan villages, where the visitor can experience a warmth and hospitality unmatched in Europe. Long hot summers and short mild winters make this an exceptional destination for relaxation, and the whole area has a special beauty that reflects serenity and tranquility. Some of the best places on Crete can be found here, including Markry-Gialos, where Candia Developments is regenerating rare undiscovered land in a location that combines outstanding lifestyle with dynamic potential growth.
To assist you in offering your property as a holiday rental, if you so desire, Candia has set up many strategic relationships with tour operators and travel agencies to get as many rental guests to the Bayview developments as possible. Whilst rented, your properties are cleaned weekly, and a laundry service is provided. In addition, the property is checked after every rental. By renting out your property you will be able to cover your communal maintenance expenses and be able to earn a return on your investment, depending on occupancy rates.
Overseas property can provide a rental yield in addition to any capital appreciation and increase the investment's overall profitability. Coastal locations, particularly those with extremely good beaches like Makrigialos, feature highly when looking at this investment factor. Average rental yields on Crete are generally quoted at 4-6%, but can be considerably higher on attractive holiday property in premium locations. Holiday property rental is seasonal, but during peak summer months beachside property rental yields on the Greek islands can go as high as 30%. When considering the rental potential of investment property abroad, it is important to look at the length of the summer season, when holiday rentals are most viable.
South east Crete's climate is perennially mild, and the south coast is renowned for its extended summer due to its proximity to the North African coast. As the Makrigialos area has one of the best climates in Europe, with over 325 days of sun, an increased interest in winter rentals is notified during winter period.