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Sale, Land, Island

ITHAKI - FRIKES

Property Code: 259123

Area 993900 m2

6000000

or by acquiring a mortgage €/ΜONTH

6.0368246302445 € / m2

Modify Date: 31/03/26

Description

MAKRI ISLAND Makri Island is located in the Echinades complex in the Ionian Sea. The island's total area is 993,000 sq.m. and its coastline is approximately 7,100 meters. Based on current legislation and actions taken regarding the definition of the shoreline and coastal zones, as well as the design of road axes, Makri Island can be developed as a tourist or residential complex in the following ways or a combination thereof: i. Development of a high-end tourist unit with various facilities that will be unique in terms of location and services. ii. Development of holiday home settlements, with a maximum capacity of 71 independent residences. A residence with a total area of approximately 150m2 can be built on each of these properties. For all the aforementioned exploitation methods, actions have commenced and the necessary decisions have been issued by state authorities, reducing the significant delays caused by such processes. Therefore, in the case of investments in the tourism-residential sector, these can be executed smoothly and within a short timeframe. It should be noted that if the tourism investment option is chosen, development laws can be utilized to make the investment more attractive.

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Zone : Outside the zoning area
View : Sea, Unlimited
Position : Facade
Building width : 7280
Building existence : No
Building(s.m.) : 30000
Distance from the sea (m) : 1
Good condition : Yes
Slope : Level, Amphitheatrical
Urban condition : Outside the zoning area
Structure factor : 0.2
Cover factor : 0
Energy Class : F

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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