Sell INVEST IN Thermal Springs And Spas

INVEST IN Thermal Springs And Spas You May Also Be Interested In: golf courses hydrotherapy springs
Thermal springs and tourism products such as hydrotherapy and spas are in high demand. These are not subject to seasonality and are largely immune to economic cycles because they are directly related to health services.

Greece has 752 thermo-metallic springs (most of which are surrounded by natural and often historic beauty) . Many have been classified as therapeutic by the National Institute for Geographical and Mineral Research. (See Map) . Investments for the development of such projects are strongly encouraged by EOT. They can be combined with other forms of tourism such as golf courses, conference centres, health and beauty farms, etc.

Most of these springs are underdeveloped or operating with outdated facilities. However, directives with detailed specifications from EOT will encourage the upgrading of these facilities.

For example, in the Peloponnese, the Kyllini Springs are being upgraded by a private investor, following a bid in 1997, while in Aedipsos, Evia, a spa hotel is already in operation. In Central Greece, four springs with large properties will be developed according to ETA's programme.

Incentives for Thermal Springs and Spas Investments (under Law 2601/98)
Cash grant 40%
Loan interest subsidy 40%
Leasing subsidy 40%
Tax allowance 100%
Loan interest subsidy 40%