Apartment complex for sale
€450,000
|
€710 per sqm
sqm
634
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We will forward your request to the listing publisher and they will get back to you soon
Your details will be shared with Creta service so they can contact you about this property.
By submitting this form, you accept our Terms of Use and Privacy Notice.Price list for municipality Sitia
Price per sqm
Total price
sqm
Used price per sqm
Monthly rent
10-39
€1,100
€9
40-64
€1,326
€7
65-89
€1,404
€5
90-119
€1,424
€5
120+
€1,545
-
Prices do not represent ground floor or basement apartments, which are often lower by tens of percent. This list is not an official source or a substitute for professional advice.
Key metrics
New price per sqm
-
Used price per sqm
€1,401
Monthly rent
€397
Gross yield
6.18%
Neighborhood statistics reflect listings collected up to December 2025. They are not updated in real time and may not reflect current prices or availability.
Neighborhood statistics reflect listings collected up to December 2025. They are not updated in real time and may not reflect current prices or availability.
Sitia is a municipality in Crete and the surrounding area with an area of 699.0 sq km. Average used price per sqm is about €1,401 with a gross yield of 6% On GREI there are 12 properties for sale in Sitia from a wide range of local agencies.
Property surroundings
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Neighborhood insights
Sitia Hospital Hospital is located in the neighborhood
Property description
Investment Development Project with Panoramic Sea Views – Only 5 Minutes’ Walk from the Beach An excellent investment opportunity in Makry Gialos, set in a privileged location with stunning sea views and only 5 minutes’ walk from the beach. The project is developed on a plot of approximately 1,000 sq.m. and benefits from a building permit for a total of six residential units, with a total approved building area of approximately 634 sq.m. The approved development consists of: * 4 independent houses / maisonettes * 1 additional two-storey building comprising 2 independent apartments, one on the ground floor and one on the upper floor In total, the development provides 6 independent residential units, offering excellent flexibility for holiday rentals, long-term investment, or the future resale of the individual properties. The project is already at an advanced stage of development. Two of the buildings have already been constructed, while the third building is currently unfinished. The remaining buildings can be completed by the new owner in accordance with the existing building permit. A particularly important advantage for investors is the opportunity for further expansion of the development. Directly adjoining the existing plot, and owned by the same owner, there are an additional two plots of approximately 1,000 sq.m. each available for purchase. These adjoining plots benefit from a similar building potential to the existing project, making them especially attractive to a buyer or developer interested in creating a significantly larger investment. This means that there is the possibility to acquire up to approximately 3,000 sq.m. of adjoining land in total, all enjoying the same excellent location, the same impressive sea views and the same proximity to the beach. The possibility of combining the three plots creates outstanding potential for the development of a larger residential or tourism complex, allowing an investor to create a substantial residential, holiday accommodation or hospitality development in one unified location. The exceptional position, easy access to the sea and impressive open views make this project particularly suitable for the development of a boutique holiday complex, luxury holiday residences, serviced apartments or a high-potential investment development. Makry Gialos is an attractive and continuously developing coastal destination in Crete, with increasing tourism and investment interest. The combination of its proximity to the beach, excellent sea views, existing building permit and the significant amount of construction already completed makes this property a highly attractive opportunity for investors and developers. Key Features * Main plot: approximately 1,000 sq.m. * Total approved building area: approximately 634 sq.m. * 6 independent residential units * 4 independent houses / maisonettes * 2 apartments within a separate two-storey building * 2 buildings already constructed * 1 building currently unfinished * Existing building permit for completion of the overall project * 2 additional adjoining plots of approximately 1,000 sq.m. each * Similar building potential on the adjoining plots * Possibility to acquire up to approximately 3,000 sq.m. of adjoining land * Outstanding sea views * Only 5 minutes’ walk from the beach * Ideal for tourism development, residential investment or a larger-scale development project * Located in an area with strong future development and capital appreciation potential A rare opportunity to acquire an already established coastal development project in Crete, with the added possibility of substantial expansion and excellent prospects for future investment returns.
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Airbnb
A registration number can be issued and the property may be rented short term legally.
Golden Visa
This property does not meet the threshold for a Golden Visa in Greece.
Disclaimer: This property assessment is calculated automatically from available listing data and is only an estimate. It does not guarantee actual eligibility or licensing outcome and should be verified with local counsel and the relevant authorities.
Airbnb
Short-term rental is allowed subject to AMA registration. Note: new Golden Visa properties in Greece are broadly barred from Airbnb.
Golden Visa
The investment threshold is EUR 800,000 for a single property of at least 120 sqm. Long-term rental only (no Airbnb).
Disclaimer: Regional information is indicative only, may change, and should not be treated as legal, regulatory, tax, or investment advice. Please verify with the relevant authorities.