2 Luxury Cave Houses at Caldera Santorini, Caves in Ia Santorini

Luxury Cave Houses at Caldera Santorini, Cave in Ia Santorini, Santorini Real Estate, Properties Santorini Greece, Cave Houses for Sale Oia

Price not negotiable

2 Caldera Cave Houses of 85 sq.m in total, with 2 bedrooms, 2 bathrooms, in total, in a plot of 60 sq.m. These renovated Caldera Houses with 2 cave suites are located right on the cliff, in the heart of ΟΙΑ with outstanding view to the Caldera.

These luxury villas sit in a quiet and exclusive Caldera setting in the heart of vibrant Oia village and from their terraces they offer tranquillity and uninterrupted views of the Caldera, its volcanic islets and the Aegean.

These traditional Santorini cave houses have been refurbished by their owner and were designed to create contemporary interiors combining chic elegance with timeless Mediterranean style. The ultra-sleek design reflects the architect’s attention to quality including spacious lounges with sober furnishings, beautifully designed en suite bedrooms and kitchenettes with fabulous ocean views.

Their private terraces have uninterrupted Caldera views and perfectly complete the layout of these rarefied retreats.

The two properties are adjacent self-contained luxury villas with all the facilities.

A very thorough and substantial refurbishment was made to the villas. The total cost of this was approximately 130,000 EUR.

Each Cave House generates a Daily Income of 400 – 500 euro.

Santorini has the longest Summer Season. You must estimate 220 operational days with a 70% of Room Occupancy.

Both Houses generate a Seasonal Income of 100.000€- 130.000€ the last 4 years

Below their Financials:

The increase in number of nights rented during the last two seasons is due to the fact that:
* The villas now accept a minimum of two nights instead of five nights previously

*Since 2018 villas management kept the low rates even though they lowered the minimum stay to two nights

You can buy one of the cave suites. See the advertisement here

VIDEO: Caldera of Santorini Greece

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Telegraph: The Greek Government to Ban the Construction of New Hotels in Santorini Authorities plan to suspend all building permits in the caldera zone of Santorini, where hordes of tourists gather to pose for sunset photos. Santorini, home to 25,000 residents, is overwhelmed by 3.4 million tourists each year, a situation contributing to environmental degradation and water shortages. The issue of overtourism came to the forefront last month when a tour guide shared images of throngs of tourists disembarking in Santorini, packed shoulder to shoulder along narrow streets between the whitewashed houses. The growing number of visitors to Santorini is part of a larger trend throughout Greece, with projections for 2024 expected to surpass last year’s record of 33 million arrivals. The ban on new buildings along the caldera also responds to calls from the mayor of Santorini for action.

Property Purchase in Santorini – Special exception for NON EU Citizens  Santorini– Special exception for NON EU Citizens : Santorini is at the same status as the Greek borders. For this reason, there is one additional requirement only for non-European citizens.  The potential non European investor must first get a permit from the authorities, that he/she is allowed to purchase a property in Santorini.  This permission is given only for a specific property, it is not a general one. Your lawyer will submit the necessary documents to the authorities requesting permission (CV, permanent residence, occupation etc) along with the property documents.  This process takes from 1-3 months. Then you can proceed in purchase.

Property Purchase in Santorini – Special exception for NON EU Citizens  Santorini – Special exception for NON EU Citizens : Santorini is at the same status as the Greek borders. For this reason, there is one additional requirement only for non-European citizens.  The potential non European investor must first get a permit from the authorities, that he/she is allowed to purchase a property in Santorini.  This permission is given only for a specific property, it is not a general one. Your lawyer will submit the necessary documents to the authorities requesting permission (CV, permanent residence, occupation etc) along with the property documents.  This process takes from 1-3 months. Then you can proceed in purchase.