#1547
Apartments complex for sale in Matala Location: Matala
875.000€
FACILITIES
Description
This property is located in the famous area of Matala at the entrance of the village with the crowded beach only 5 min away. The property is located on a land of 657 sqms total, while the building itself extends over 4 floors with the apartments located on the upper floors and the reception area on the ground floor. It consists of 14 studios-apartments that can accommodate two to four persons. All studios are equipped with a small kitchen area with mini electrical devices, that can prepare perfectly meals for the guests. All rooms have air-condition units, balconies and windows with views in the main street and the village of Matala. On the ground floor there is a large sitting area with tables and chairs, a small playground for the young guests and a reception area with storage rooms. It's a perfect option for investors who want to experience the beauty of south Crete.
Selling Price:
875.000€
COST & TAXES
Estimated Total
Buying Cost
| Asking Price | 875.000€ |
|---|---|
| 3% Transfer Tax | 26.250€ |
| 3% Notary / Land Registry | 26.250€ |
| 2.5% Real Estate Fees (not inc. VAT 24%)* | 21.875€ |
| * Minimum commission of 1500€ | |
| 2% Estimated Lawyers's Fees (optional - not inc. VAT 24%) | 17.500€ |
| Total potential expenses | 91.875€ |
LOCATION
Matala
Matala is located around 75 km southwest of Heraklion, on the southern coast of Crete. The village is set in a dramatic natural bay framed by sandstone cliffs, famous for their artificial caves carved into the rock. These caves date back to the Neolithic period and were later used during the Minoan era, when Matala served as the port of ancient Phaistos. Originally a quiet fishing village, Matala became internationally known in the 1960s when its caves were occupied by the hippie community, a period that still defines much of its identity today. This unique history is celebrated every year during the Matala Beach Festival, a three-day event that revives the village’s bohemian spirit. Today, Matala is a small coastal village that relies mainly on tourism, combining its archaeological heritage, iconic landscape, and countercultural legacy into one of southern Crete’s most recognisable destinations.
DISTANCES FROM
AIRPORT:
71km
PORT:
74km
HOSPITAL:
61km
SHARE
This property is located in the famous area of Matala at the entrance of the village with the crowded beach only 5 min away. The property is located on a land of 657 sqms total, while the building itself extends over 4 floors with the apartments located on the upper floors and the reception area on the ground floor. It consists of 14 studios-apartments that can accommodate two to four persons. All studios are equipped with a small kitchen area with mini electrical devices, that can prepare perfectly meals for the guests. All rooms have air-condition units, balconies and windows with views in the main street and the village of Matala. On the ground floor there is a large sitting area with tables and chairs, a small playground for the young guests and a reception area with storage rooms. It's a perfect option for investors who want to experience the beauty of south Crete.
