Cave House for Sale Santorini

Measuring a total of 110m² on plot 220m² with stunning views to the traditional village of Karterados is truly an amazing property which can only be improved with its remaining buildable ability to offer more square meters.

This cave house for sale in Santorini offers a daily rental income of 200-250 euro and has a 70% occupancy

The nearest airport is Santorini (Thira) Airport, 3.7 km from the property.

It is close to all amenities and facilities, an ideal and tailored investment opportunity!

Cave houses info

Because of its geographic position the island of Santorini always used to be an important center of shipping within the Mediteranean. Until the beginning of the 20th century there even was a wharf in the bay of Armeni underneath Oia with a fleet of approx. 130 sailing boats, traveling and trading. This is why shipowners and their crews used to live in this area. For the crew members who mostly because of poverty where not able to build their houses on top of the hill, the peculiarity of the volcanic terrain of Santorini offered a much cheeper alternative: it allowed the inhabitants to carve most of a building or even the entire one in the earth.

The caves were the small and poor homes of Santorini, where the crews of the ships and the poorer families lived, as opposed to the two-story neo-classical mansions built by the wealthy ship owners. They were cave-like residences, carved into the Theraic earth, without foundations. Theraic earth is an excellent building material. It was mixed with lime stone and formed a powerful plaster which solidifies with humidity and in time becomes even harder. The layer of Theraic earth also contains pumice, a very porous, froth-like igneous rock and a bad conductor of heat and sound, so the Santorini cave houses are kept warm in the winter and cool in the summer. Important is they show great resistance to earthquakes.