Development

The Plots: Proximity & Potential

Four factors make these plots a perfect choice to invest:

Stunning Views: The plots offer an expansive, unobstructed panorama stretching from north to south. A divine sensation washes over you as you look out over Attica, with Athens nestled behind Mount Hymettus, while the distant vistas of southern Euboea and eastern Peloponnese unfold before you. Down below you can relax by gazing at the passing vessels.

Location: The plots are conveniently close to essential island locations including the port, the main village (Ioulis), several beaches, and the entertainment hub of Vourkari. Within 10-15 minutes, you can reach the island’s most important spots for both logistics and entertainment. Here are some distances:

Port (Korissia): 6 km (12-minute drive)
Main village (Ioulis): 8 km (15-minute drive)
Entertainment hub (Vourkari): 8 km (15-minute drive)

Club beach & diving (Vroskopos Bay – One&Only resort): 4 km (9-minute drive)
Beach (Kalogiros): 4 km (10-minute drive)
Closest unspoiled beach (Kalamitsi): 3 km (7-minute drive)

Petrol station: 4 km (10-minute drive)
Supermarket (AB or Kritikos): 5.4 km (12-minute drive)

Significant Developments: Two exclusive developments nearby, One&Only Resort and Hills & Sea, signify the beginning of the transformation of the area. With resort properties selling for €14,000 per square meter, properties outside the resorts can be developed profitably at a fraction of the price, offering significant returns to developers and savings to buyers.

Westward Inclination: The plots’ westward slope (35-42%) allows for subterranean house construction, more than doubling the building allowance and providing natural insulation and protection through bioclimatic design to the benefit of the developer and the homeowner, respectively.

Simplified Budget

There are several factors that affect development costs. The following table is a simplified budget. A developer will have to make his own estimations and calculations.

Cooperation Framework

We own a summer house near Ioulis and, with teenage kids needing funding for their education abroad, we require liquidity. Therefore, we are looking to liquidate some of our investments. Otherwise, we would hold onto these plots for another 3-5 years, anticipating a price increase of over 50%.

That said, I am open to a partnership to co-develop all three properties. This would largely ease the upfront plot purchase burden in exchange for sharing some of the development profit.

The following topographic DWG files are available. To gain access to them, a Memorandum of Understanding (MoU) must be in place.