Kefalonia, which is the largest of the 6 main islands of the Ionian Sea, is green and peaceful, has beautiful towns and villages with small luxury homes & villas, and tourists are attracted to the islands for their beautiful beaches and mountains. The whitewashed villages are combined with stunning beaches that host caretta-caretta turtles, surrounded by the clear Ionian Sea. In addition, there is the lure of archeological sites that trace the history of life on the islands from 1200 BC.
With the famous beach of Myrtos, the all year long good weather, the endless sunshine, the mild climate, the excellent cuisine and the friendly locals, Kefalonia is one of the best Greek islands to buy or build a villa. You can use the villa as a holiday home, or as a main residence, but also as an investment. Because the majority of tourists in Kefalonia prefer to rent a villa for their summer vacation, due to greater privacy but also extra luxury than one can find in a large hotel or resort, one can get an extra serious income, by renting his/her villa during the summer months as a holiday home, to tourists who want to enjoy a magical vacation on a beautiful Greek island.
What is considered a villa in Greece?
Usually, a villa is a property with the following main features:
The villa is usually large, has at least three bedrooms and possibly an equal number of bathrooms, a fireplace, large terraces, large and manicured garden with pergolas, outdoor seating etc. Also the villas have a pool, sea view (usually), and normally have various other facilities that make the stay more enjoyable such as barbecue, tennis court etc.
As in most markets of the world, in Kefalonia the sales of villas stopped during the first months of the pandemic. Then, in May & June 2020 people began the struggle to acquire a house or a villa. The pace has not slowed down as sales activity and sales price numbers, continue to rise.
In Kefalonia, there is a plethora of villas for all tastes and all budgets where even the most demanding buyer will surely find what suits him/her.
Experts look forward to seeing the final results of 2021 and what lies ahead for 2022. “Early indicators continue to show market strength, with sellers looking for the opportunity window to get the most value from their villas and buyers be willing to enter a market, where they see a strong appreciation of value “.
The prospects for the coming years are very encouraging. The relevant studies show that there will be intense interest from Europe for Greece. Greece, along with the rest of the countries of the European South, will receive more and more Northern Europeans. It is certain that Northern Europeans will want to acquire a property, usually a villa, either as a permanent residence (retirees, working people, digital nomads, etc.) or for holidays. This fact, of course, is expected to push up property prices. So it would be good to look carefully at the existing offers in villas.
Another motivation for acquiring a villa in Kefalonia, is that in Greece with the purchase of real estate, a non-European can obtain one of the most affordable so-called Golden Visas in Europe. The plan enables investors from non-EU countries to acquire Greek residence through the purchase of real estate with a minimum value of 250,000 euros. The application process should not take more than two months, after which the residence permit lasts for five years. Holders of Greek residency benefit not only from the right to reside and work in Greece, which extends to family members, but also from visa-free travel within the Schengen Area, which covers most of the EU.
There are many reasons why you should consider buying a villa in Kefalonia. You get to own a beautiful and usually quite large house, it is an investment opportunity that can generate an additional income for you and your family and it is an awesome place to enjoy your holidays.