The whole property for sale is 176.000m², whereof 28.000m² are inside the city plan and 148.000 m² are on the outer side of the boundaries.
The 148.000m² have a building allowance of 22.000 m² which can be used for tourism development. The remaining 28.000m² have a building allowance of 11.200m² for houses and another building permit has been issued for an extra 2.000m² for apartments which have been already priced at 2.500¤ per m². There is already a plan for permit being arranged for an extra 2.000m², which will be used for additional apartments.
It is evaluated that the area will become more popular
when the National Airport of Sitia opens up for charter flights and
there are plans for a golf course in the future.
The beach is only 150m away, Ierapetra 25km and Sitia about 40km.