Kefalonia Villages Cheap House Guide
When people think of Greek islands, they think of expensive villas. However, islands like Kefalonia have a "dual market". The coastal, sea-view areas command premium prices, but the inland, mountain villages often have abandoned traditional homes selling for very low prices.
The Reality of the Offer
Following the devastating 1953 earthquake, many villages were abandoned or rebuilt elsewhere. Today, you can find pre-earthquake stone ruins (which require complete rebuilding) or post-1953 concrete homes needing heavy modernization in the €25,000 to €60,000 range.
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What to verify first
- Forestry Department: Ensure the land is not designated as forestry, which heavily restricts or bans building.
- Archaeological Restrictions: Some areas have strict rules if ancient remains are suspected.
- Topographical Survey: Always get an independent engineer to conduct a fresh topographical survey before buying to confirm the plot size and buildability.
Buyer considerations
Renovating on a Greek island is logistically challenging. Materials often need to be shipped from the mainland, which increases costs. During the peak summer tourist season, finding contractors can be almost impossible as they are busy with lucrative hotel maintenance.
Best next step
Engage a local civil engineer (Michanikos) who will be crucial for navigating Greek building permits, legalizing any unauthorized structures, and managing the renovation.