The Emerald Villas are closely related to the Porto Elounda Resort complex in the municipality of Elounda, in Crete, Greece. The complex is a fenced community of six private plots, with an internal road connecting all six Emerald Villas to two public roadways: the main road to the city of Aghios Nikolaos and the municipal road to the Porto Elounda Resort. The owner of the plots and the resort are corporations that are wholly owned by the family of Spyros and Eliana Kokotos, who have created the resort of Elounda 40 years ago.

The villas are offered to owners under a freehold title, i.e. deeds that are fully saleable, inheritable, pledgeable (for mortgage purposes) etc. There is no exclusion of buyers based on nationality, but non-EU citizens will have to obtain clearance from the authorities in order to sign the final deed, which normally takes a couple of months (please refer to the FAQ section for further details).

The purchase process is 2-step:

» First, a preliminary deed is signed at the notary between the buyer and Elounda Real Estate Development S.A, with a sufficient down payment to cover the value of the land and any technical works executed up to that point on the plot, thus securing the title, ownership and irrevocability of the transaction.

» Second, when the villa is completely finished and delivered turn-key, and the owner has obtained border clearance (if required by law), the final deed is signed in the presence of the notary and the final payment is simultaneously made.