With the increase of independent-minded tourists looking for tranquil holidays in idyllic locations, the rental potential of villas in Crete has risen sharply. This makes the purchase of a villa in Crete a perfect investment. Whether you intend to cover the cost of the villa and your mortgage, or to actually supplement your income, since managed properly, your villa in Crete can do this for you.

However, it is essential to obtain a license from the Greek National Tourism Organization, known as EOT in Greece, if you intend to rent your villa to various tenants. Greek National Tourism Organization has strict rules with reference to the suitability of each property, which ensures that tourists are not renting second rate accommodation during their stay in Greece. The standards for construction of villas in Crete and their swimming pools’ have to be met before the GNTO will issue a license for the villa to operate as rental accommodation.

The criteria for the approval of the EOT license tend to vary over time and this is why it is necessary to appoint someone familiar with the procedure and fluent in Greek, to do all the essential paperwork for you. Europlan cooperates with professionals who can carry out the whole procedure needed always with the assistance of our qualified architects. There is also the purchase of certain safety features to be considered, such as fire extinguishers, emergency lights, exit signs, pool depth markers, etc. These added extras ensure that buildings and pools meet safety standards. For rental villas there is a key system in place, similar to the star system for hotels. One key being the basic category for simple rented furnished accommodation, while the highest category is for luxury villas.