Aptly named ‘The Jewel in the Ionian’, the island of Kefalonia has become an extremely popular holiday destination. Blessed with over 300 days of sunshine a year, the Island enjoys a typical Mediterranean climate with long warm summers and mild winters.
The tourist industry in Kefalonia started developing in earnest during the 1980s and visitor levels have continued to increase ever since. The Southern and Western coasts of the island offer the most popular tourist resorts and stretches from Skala on the southern coast to Lassi on the west coast.
With tourism increasing year on year, so does the demand for accommodation, whether that is in the form of high class hotels, affordable self-catering accommodation, or the increasingly popular private villa market. There is also a higher demand now on flights into the Island, and with more countries offering direct flights to Kefalonia in the summer, and scheduled internal flights improving from Athens, with daily flights available all year round.
Kefalonia has proved a strong investment for our clients, as it continues to offer a true and exclusive market, steady growth and a sustainable income stream.
More and more people are now realizing that not only can they build their dream home on this wonderful island of Kefalonia, the property can actually earn them very lucrative rental returns during the Summer period, and can become a self-funding investment.
Due to the exclusivity of Kefalonia as a holiday destination, luxury villa owners can command very high rental returns compared to most Mediterranean resorts. Many of our existing clients rent their homes to prospective holiday makers, and we estimate a seasonal income of between 25,000 to 35,000 Euros, depending on the size, location and amenities of a particular luxury villa. Please visit our luxury villas section to see the type of properties which command the highest rental returns, and browse through actual examples of villas which we have constructed for our discerning clients.
We can advise you on how to maximize your income as an independent owner, or alternatively we can assist in contracting your villa out for the summer season. We have a close working relationship with a number of tour operators who specialize in villa rentals, and because of the quality and location of the luxury villas we construct, they will be happy to contract with you for the entire season!!
All our projects have been designed to work with the current market forces, but most importantly to create a high return investment without the risk. As a result of the quality and location of our projects, there is often the opportunity of rental contracts with various villa companies, either on a guaranteed or allotment basis.
Now is the right time to buy property in Kefalonia either as an investment opportunity or as a holiday home, ideally for both, or as a permanent residence. We would always recommend that each property investment should form part of a long-term strategy to achieve your financial goals.