The proposed house is located 500 meters from the beach, in one of the most picturesque corners of Sithonia — the village of Ormos Panagias. The total area of 140 m2 includes four bedrooms, two bathrooms, a kitchen area and a living room. The layout is suitable for permanent residence, seasonal holidays or tourist accommodation. Given the demand for the area, the facility is easily rented out — the average yield per season reaches 6-8% per annum, especially for short-term daily rentals. The house is suitable for family holidays, as well as for purchase in order to obtain a residence permit under the Golden Visa program valid in Greece with investments starting from 250,000 euros.
About the region and infrastructure
Ormos Panagias is a small resort village with a developed coastal area, taverns, a marina for yachts and good transport access. It is located on the eastern coast of Sithonia, the second "finger" of the Halkidiki peninsula. The region has a Mediterranean climate with warm summers and mild winters. Due to its natural beauty, proximity to beaches and clean ecology, the area is in demand among families with children and tourists from Europe.
Advantages of the purchase
The purchase of this house gives the buyer the opportunity not only to obtain real estate by the sea in the EU jurisdiction, but also to obtain a residence permit. The house requires minimal maintenance costs due to energy efficiency category A. The area allows you to organize several zones: family housing, guest rooms, a separate studio for rent. The demand for high-quality housing is steadily growing in the village, especially within walking distance from the sea.
Real estate market analysis
Over the past five years, the real estate market in Halkidiki has shown steady growth. The average increase in the cost per square meter was about 28%, while houses with a distance to the sea of no more than 500 meters increased in price by 34%. The demand for facilities near beaches, with a full-fledged living space and land, continues to grow in conditions of a stable tourist flow and limited supply. Investments in such houses demonstrate a low level of risk and high liquidity during resale.