House 103 Vassiliki

Lefkada, Greece

Single Family

Full ownership

Price - $176,350

Expected Rent - $23,940

Property

3

Bedrooms

2

Bathrooms

2006

Year Built

1,205

Property sq. ft.

4,843

Lot sq. ft.

$146

Price per sq. ft


Location

Vasiliki is a well known windsurfing spot during the summer months due to a local thermal wind known amongst windsurfers as 'Eric'. There are often over a hundred windsurfers in the bay at any one time. The area is also popular with other sailing craft and mountain bikers. Several holiday companies operate in Vasiliki providing windsurfing and sailing equipment for their guests to use.


Market

Median Age - 43

The Greek Market “Data collected from credit institutions shows that nominal apartment prices fell by an annual average of 5.1% in 2015, compared with contractions of 7.5% in 2014 and 10.9% in 2013. From the beginning of the current crisis in 2008 until the end of 2015, the cumulative decline in apartment prices averaged 41.2% in nominal terms. Tourism property, which has attracted considerable investor interest, particularly during 2014, continued in 2015 to be regarded by market participants as the single sector with a promising prospect for fast recovery, as the buoyant tourism industry holds potential for high capital gains and yields despite the negative economic climate.“ (Governor’s Annual Report 2015, Bank of Greece)


Finance

The rent price is estimated according to other assets in the area provided by the seller and does not guarantee actual rent price. The price is 165,000 Euro. The calculated price rate was 1.07 USD = 1 EUR as to date 18/01/2016. Note, that currency value may vary, please check the up-to-date price by today's currency rate.

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