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Introduction
If you’re looking for a land blessed by the gods, rumour has it Kefalonia is the place. Kefalonia is a city in Greece. A sun-kissed Mediterranean country rich with historic and cultural treasures, Kefalonia is an irresistible destination for many tourists, travellers and ex-pats. If you’re dreaming of life in Kefalonia or an escape to one of the beautiful Greek islands, you’ll need to start looking into buying property in Kefalonia.
Property ownership in Kefalonia is incredibly common, with over 75% of residents owning their homes thanks to a strong culture of family and inherited property. But don’t worry there are still plenty of properties left on the market, so you can snap up a little piece of Kefalonia paradise as your own.
Kefalonia is the biggest Ionian Sea Island, which is situated in western Greece between Lefkada and Zakynthos; the island’s administrative capital is the town of Argostoli. The island’s turquoise crystal blue water, bordered by magnificent white sand beaches, is filled with several stunning coves and bays, creating an unusual shoreline. The island’s north shore is rocky, with modest, pristine, quiet sandy beaches; the island’s south coast has huge, extended sandy beaches. Kefalonia is a relatively unknown place in terms of mainstream tourism, yet it maintains an integral element of traditional Greek culture.
The island gained international fame 15 years ago when the film ” Captain Corelli’s Mandolin” was shot there. Since then, as interest in Kefalonia has grown, it has been added to the list of must-see destinations in Greece. Today, the island is gaining appeal among those who appreciate gorgeous beaches. Myrtos beach is one of the most beautiful beaches. There are dramatic natural landscapes and easy trips in Kefalonia. The island offers peaceful relaxation in every season, and its magnificent scenery and nutritious cuisine complement the rest with wonderful sights and flavours.
If you’re ready to take the property in Kefalonia, this guide will walk you through everything you need to know to buy property in Kefalonia.
Kefalonia Real Estate
As a whole, Kefalonia is a great place to invest in real estate, not just for income, but also for long-term living. In recent years, Kefalonian real estate has seen a surge in interest from investors. For many years, the island has been a popular location for Europeans looking to buy the main house, visit sometimes, or invest in residential and commercial real estate with the hope of making a consistent profit. More and more people are looking to buy property in Kefalonia, with demand increasing by nearly fourfold in the previous five to six years.
Advantages of buying property in Kefalonia.
There are many advantages of buying property in Kefalonia. Some advantages are mentioned below:
Breath-taking beauty and a rich history
Massive areas of sandy beach are mixed among mountain ranges and dramatic coastline cliffs; thick jungles change the look of the land seasonally. Archaeological sites, churches, and museums on the island have maintained the island’s interesting and beautiful history. Kefalonian culture may be explored by visiting the island’s many charming villages, each with its own distinct character and architecture. Visitors can also take part in local festivities to learn more about how Kefalonian life is and has been throughout the centuries.
Agriculturally-friendly weather
Summers are bright and sunny in the subtropical environment winters are moderate, but not uncomfortably so. More than 300 days of sunshine are available every year. The island’s distinctive microclimate creates favourable conditions for the island’s flora, thanks to the warmth and comfort provided by the southerly breezes throughout the winter.
Infrastructure for tourism
Kefalonia is a place that serves a small group of tourists rather than a wide audience. Excellent lodging, dining, water sports, and diving facilities can be found on the island.
Stability
With the country’s participation in the European Union, Greek real estate owners who have opted to make the island their home may enjoy a tranquil existence.
Price of Real Estate
When compared to other islands, one of Kefalonia’s benefits is the low-price level of high-end real estate. One of the many benefits of purchasing a property in Greece is the availability of low-cost lodging on the islands.
Friendly Environment
The island’s inhabitants are renowned for their warmth and friendliness. Anywhere in Greece may be considered to have something in common. However, in Kefalonia, the genuine curiosity and kindness towards the “new” inhabitants, foreigners, can be easily discerned new neighbours for the Kefalonians frequently become friends.
Security
According to current government figures, crime rates in Greece and Kefalonia are among the lowest in Europe. As a result of the people’s friendliness and willingness to work together, the island has developed a sense of security and belonging.
Is it safe to buy property in Kefalonia?
Yes, but some people have an easier time with it than others. Non-EU citizens may be required to establish both their connections to Kefalonia and their plan to utilise the property in order to purchase property in Kefalonia. Submission of documentation and verification is the bulk of this application to the Ministry of National Defense.
Does Kefalonia allow foreigners to purchase the property?
Fears about investing in Kefalonia real estate have been fuelled in part by the country’s volatile economy, notably the catastrophe of 2009. It is, however, safe to purchase property in Kefalonia if you follow the tips above and seek the assistance of a real estate professional. A responsible buyer will do their research, avoid going into debt, and take precautions to keep their money safe and secure.
Final Words
Real estate agents can help you find the ideal location for your new home or business in Greece, so don’t hesitate to get in touch.
There are several real estate agents in Kefalonia that provide excellent services to their clients when it comes to purchasing the property. When a deal is completed, they will help with the paperwork involved in the transfer of the property in Kefalonia, as well as arranging for a visit to the property.