Property in Rhodes
We feature property for sale on the island of Rhodes in the Dodecanese.
Property in Rhodes has been escalating in price over the past 3 years but the south of Rhodes has seen a new property boom with places like Plimmiri showing excellent investment growth as more and more high calibre hotels and developments spring up.
Why invest in property in Rhodes?
- One of the fastest growing property markets in Europe.
- The area of South Rhodes has been achieving on average an annual increase of 30% over recent years.
- Property prices still lower than many other European countries.
- Sharp increase in golf course investment.
- No annual property tax.
- No tax to pay if property bought and sold in same calendar year. Great news for the investor looking to invest short term.
- Low Capital Gains tax.
- Strict building laws in Greece prevent overdevelopment, keeping the investment safe. Peace of mind that your property is always appreciating in value.
- UK pension Tax Free on Rhodes.
- On average 330 days of sunshine a year make it a comfortable and enjoyable place to live.
- Low cost of living makes for an improved quality of life.
- High standard of living with good facilities.
- Practically a zero crime rate.
- Friendly people make it a desirable place to visit or live.
- Excellent medical facilities and education.
- Growing tourism market. Good news for investors looking for a triple 'T' market. Tested , Trusted and Timeless brand.
The Property Rental Market in Rhodes The ‘sleeping giant’ begins to awaken!
There is an extremely high interest in rental property on the island of Rhodes in the winter time as well as the main summer season.
Rhodes has a shortage of high quality accommodation for rent. Since most of the rental units have been built to meet the needs of traditional tourism, these consist of with hardly any exceptions, only one or two rooms.
Larger rental apartments and villas are mainly Greek homes that rarely meet the demands of more permanent residents with regards to location, design, and quality in general.
The fact that more and more people wish to purchase a property on Rhodes naturally increases the demand for rental units.
This potential rental market means that if you invest in a new unit on Rhodes and you wish to let it out for periods of time, the possibilities are vast.
Due to this increase in the market, our agents will be offering a full property management facility to its clients as from 2009.
|