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Real estate in Sfaka
Kriti, the largest island in Greece, is a popular destination for prospective property buyers and investors from around the globe. Nestled in the northeastern part of the island, Sfaka, a charming mountain village, should unquestionably be on your radar if you're in the market for a dream home or a vacation property in a captivating locale, adorned with pristine beaches. This picturesque village in Lasithi province, noted for its olive groves and traditional stone houses, has been fondly christened the "Stone Village" due to its unique architecture and landscape. Prior to reaching out to a local property broker, it's helpful to familiarize yourself with the current market conditions in this area, what types of properties in Sfaka are available for sale, and the cost of acquiring a holiday property in this exceptional destination. Being informed about the local real estate market will ensure that you get the most out of your investment. Sfaka’s unique array of stone houses and villas, coupled with a breathtaking view of the Aegean Sea, make it an idyllic place to own a home. The authenticity of Kriti life is preserved in this village, giving it a feel of serenity and tranquility that is hard to find elsewhere.
Sfaka properties: Market trends overview
The real estate market in Sfaka, Kriti, Greece has shown steady and consistent growth in prices, attracting foreign investors and buyers from countries such as Norway, the United Kingdom, Germany, and the United States, among others. Sfaka’s desirable location in the Cretan region of Eastern Crete boasts a unique blend of tranquility and vigorous activity thanks to its numerous entertainment centers and golf courses, as well as its close proximity to the lively city of Agios Nikolaos. Sfaka, situated in an exceptional coastal landscape, offers rich cultural tapestry and superior life quality. Over the last several years, local authorities in Sfaka have ramped up investment in urban development, offering a variety of real estate options to satisfy both local and foreign real estate buyers. This includes a selection of modern and practical duplexes, apartments, contemporary-style villas, traditional Greek-style houses, and luxury penthouses. It's effortless to find property and apartments for sale in Sfaka, Kriti, Greece, to match any budget or lifestyle preferences, contributing to the village's reputation as one of the most inviting places for foreign buyers. This Greek village, known for its charming traditional architecture painted white, is truly a welcoming sight for any home buyer.
Average price of a property for sale in Sfaka
What is the average price for properties on the market in Sfaka, Kriti? The price range can vary due to multiple factors such as the type of property, proximity to historical sites and beaches, available amenities, as well as individual requirements (high-end features, size, accessibility and so on). Recent data indicates that the maximum listing price for properties in Sfaka, Kriti was €2,364 per square meter. The priciest properties are typically found in the Sfaka-Mirtos area. On the other hand, more affordable prices, with an average cost per square meter of €1,734, can be found in the Selakano-Armeni region. The current average asking price for a house is approximately €500,762.
Types of properties can you find in Sfaka
In Sfaka, Kriti, you'll find an array of property options that perfectly embody the charm and allure of Greece. The real estate market in Sfaka is replete with a variety of property types, including cozy apartments, luxury penthouses, extravagant seafront villas, and classic Greek cottages. The most desirable properties are located within secure residential compounds. Potential homeowners can find apartments with 3-4 bedrooms complemented by expansive verandas, as well as two-story homes. Remarkably, each story in these homes has its own independent entrance, spacious verandas, and a personal kitchen. Alternatively, you can invest in a brand-new villa situated in a favorable location in Sfaka, offering mesmerizing views of the sea. With the beach only a short walk away, it's truly an ideal location to call home.