Real Estate in Crete

Real Estate on the Island of Zeus

Crete is the largest of the inhabited Greek islands, with a total of around one and a half thousand. Moreover, it is the southernmost, which has determined its favorable Mediterranean climate. In addition to its natural wonders, Crete is famous for its history, dating back 5,000 years to the Mycenaean civilization. It's no wonder that this amazing island has become a magnet for tourists from all over the world. And many wouldn't mind returning there. With 310 sunny days a year and 25,000,000 olive trees, vast expanses, enchanting beaches, rugged snow-capped mountains in the mild winter, thrilling hikes, and trekking trails - all of this together makes Crete a wonderful place to visit and the best place to live and relax in your own home. If you are considering acquiring real estate in this magical place, the international real estate agency Hayat Estate will be happy to assist you in this endeavor. And the dream of buying affordable property on the island of Crete (Greece) will become a reality.

Real Estate Market Features on Crete

In terms of real estate demand, this island is a leader among all regions of Greece. The predominant categories of people interested in real estate are retirees who have accumulated funds over many years of work to finally retire from the urban hustle and bustle, annoying relatives, and live for themselves. Families with children looking for a second home and freelancers also make up a significant portion. Another category includes people buying property to obtain residency. Greece offers it in exchange for investments, including property purchases. The buying and selling of real estate on Crete are made as straightforward as possible and free from complex bureaucratic procedures. Moreover, the government does everything to encourage investment. For example, a few years ago, the National Bank of the country expanded its mortgage lending program, allowing non-residents to take out loans to purchase property. Administratively, the island is divided into 4 regions or nomes - Chania, Rethymno, Heraklion, and Lasithi, which, in turn, consist of 98 municipalities. Each of the regions has its own characteristics and advantages. Heraklion is the main city of the region and simultaneously the capital of the island. It is home to historical landmarks, beautiful architecture, and an international airport - the gateway to Crete. Rethymno boasts beautiful beaches, including the most famous beach in Crete, stretching for 16 kilometers and renowned for its dazzling white sand. The region is located in the mountainous part of the island, allowing for breathtaking morning views. You can stroll in the shade of the Venetian fortress, which is the hallmark of the Old Town. There is also an Orthodox monastery nearby. Lasithi, located to the east, is known for its leisurely pace of local life. It's an excellent place for those who love peace and quiet and don't want to constantly deal with noisy and intrusive tourists. Chania is known for its pink beaches and cypress forests. This part of the island is considered the most wooded and green. Here, the pristine appearance of Crete has been preserved as it was in ancient times. As for the cost, property prices on Crete start at 1,000 euros per square meter and depend on the location of the property and whether it is an apartment in a multi-apartment building or a private house (villa).

Realize Your Dream with Hayat Estate

You can try to buy a house in Crete independently - the locals are very hospitable and will show you where nearby apartments or plots are for sale. However, it is still better to use the services of a specialized agency like Hayat Estate. We know all the developers and will provide full legal support for the transaction.