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• Mortgage region located in Panormos Mylopotamos at "Panormos". • Has 10% coveragerate for residential and 20% for tourist facilities. • Maximum height 7.5 meters for houses and 10.50 for tourist facilities . • The view is excellent and the property is like an amphitheatre ( not flat ) so you will have always available this view. • There is already water and electricity near the property . • One more advantage is that you can use best quality stones , with no effect from time , from the local marketwith very low cost to buy and to construct . In this way , you can build a traditional village with architectonic importance. • Panormo is located about 20km east of Rethymno, in the province Milopotamos. It is aquiet resort, which has grown strongly in recent years, without losing its traditional form.This has contributed to the wild beauty of Cretan landscape, the picturesque village, the beautiful beaches in the village and easy access • Panormo is located in a historic district, and here placed the ancient Panormus. The existence of an ancient city and confirmed by the discovery of the basilica of St. Sophia,the 6th AD 500m southwest of the century village. Indeed, the basilica is considered as one of the greatest early Christian in Greece and the largest in Crete.Mob 6930140236