Savills | Development project on Kefalonia island, Razata, Kefalonia, Ionian Islands | Property for sale
175,000 sq m
Asking price €1,070,000

Development project on Kefalonia islandRazata, Kefalonia, Ionian Islands

  • Freehold

Key features

  • Land plot of 175,000 sqm in total
  • Divided in 36 adjacent plots
  • Allowed to construct buildings of 7,200 sq.m in total
  • Situated on a verdant hillside with sea views
  • Great investment opportunity

Investment opportunity for property developers and investors.

About this property

  • This land plot is an exceptional property situated on the beautiful island of Kefalonia, in the Ionian island complex in Greece. The property is situated in a quiet part of the island, a treasure of calmness, away from the typical urban environment. The amphitheatrical terrain will offer privacy to any kind of development, while every resident would be favoured with easy access and outstanding views. This property consists of 36 separate and adjacent plots, instead of a single land area, which allows the developer to construct buildings of 7,200 sq.m in total, since based on Greek law every 4,000 sqm plot can built a residence up to 200 sqm. Another unique advantage is the possibility to obtain separate building permits for each plot as opposed to the special permit which would be required to develop the land in its entirety as one property. There are already construction licenses for 2 of the 36 plots. Despite the fact that Villa type accommodation in Kefalonia is more popular than hotel rooms, it currently faces shortage compared to demand levels. In addition, there is a complete absence of an organized complex of villas in Kefalonia, with communal spaces, sports facilities and administrative services, while operating independently of a hotel unit. In fact, such absence is evident across all of Greece. These facts make this a great investment and development opportunity.

Local information

  • The island of Kefalonia named 'the jewel of the Ionian sea' has become an extremely popular holiday destination, while maintaining its original culture. Blessed with more than 300 days of sunshine a year and hot summer seasons with pleasantly fresh climate. Plenty of international direct flights connect Kefalonia to most of Europe’s largest cities. The island of Kefalonia, unlike several other parts of Greece, strategically followed a non-mass tourism approach developing a villa holiday offering. This places Kefalonia in a very advantageous market position, compared to other Mediterranean mass tourism destinations allowing the island to retain its local culture and traditions. Opposed to restricting hotel rooms, the unspoiled character of Kefalonia attracts families and groups of friends preferring privacy, space and the affordable luxury of a private villa.

Additional information

  • Razata village

  • 10 min drive from beaches

  • 19 km from Sami port

  • 6 km from Argostoli town

  • 10 km from Platis/Makris Gyalos beach

  • 14 km from Kefalonia’s airport