Realty for sale on Crete in Greece (2024)

FAQs

Can foreigners buy property in Crete? ›

Generally, Non-EU citizens have the right to purchase property in Greece/Crete. For details of current regulations, contact the Greek consulate or embassy in your home country.

That is one reason why the harsh economic measures are hurting not only the property market but business in general. Indeed it has contributed to the falling property prices here so taking a contrarian position, it is the ideal time to buy a property in Crete. [2022 update …

Home hunters are spoilt for choice in Crete, probably the best island choice for year-round living, including retirement, but also a place well suited for family holidays too and plenty of sunshine. In fact, it gets a big fat Greek tick. Use the bar above to search for a property for sale in Crete.

Generally, the cost of living in Crete is low. As a guide, current basic living expenses (shopping, petrol, mid-day coffees, evening drinks, etc.) for a single person are around €700 – €1,000 per month – less if you want to live frugally.

Gavalochori is an old traditional village home to many foreign residents, many of whom have restored some of the fine old homes in the village. It is one of the officially protected traditional villages in Crete and many very old features including the old olive press are extant.

The Greek Golden Visa allows you and your family to live in Greece. There is no limitation to how long you can stay.

Heraklion City is the capital city of Crete and is also the seat of Crete's cultural and economic centre. Archanes, Krasi, Zaros, Vori and Agia Varvara are among the most beautiful villages in this area with many foreigners looking to purchase an investment or vacation property in any of these spectacular destinations.

Potential for Capital Appreciation: As the Greek economy stabilizes and grows, property values may appreciate over time, providing investors with potential capital gains. Improving Economy: Despite the challenges Greece has faced in the past, there are signs of economic recovery.

Most retiree couples could comfortably live on €2000 a month, excluding rent. The cost of living there, of course, depends on where you live and your lifestyle. For example, the islands are more expensive than the mainland regarding fuel and essential goods.

Which is the best Greek island to buy property? ›

With mild weather, pristine beaches, breathtaking landscapes, and hiking paths, Crete makes a great retirement destination.

The amount of money needed to retire in Greece varies depending on one's lifestyle, location, and individual preferences. On average, retirees may need between €800 to €2,500 per month to cover living expenses, including housing, food, healthcare, and leisure activities.

The water quality is regularly monitored through testing and analysis to ensure compliance with these standards. As a result, tap water in Crete is generally considered safe for consumption. Moreover, the picturesque island of Crete boasts a unique geographical advantage when it comes to water quality.

Here's what I learned. You can't flush toilet paper in Greece because the sewage pipes are much narrower than elsewhere in the world (2 inches in diameter vs. 4 inches in the U.S.!), and toilet paper can cause them to clog.

Any foreigner can own a home in Greece. The country does not apply any restrictions on the purchase. However, it is highly advised that you have legal assistance to hold your back.

If you buy real estate for a minimum of €250,000, you can be eligible for a Greek Golden Visa, which translates as residency in Greece. Although the Golden Visa process is very straightforward, there are some important things to consider when you're choosing real estate that qualifies for Greece Golden Visa.

You can get only a Golden Visa; it is impossible to obtain Greek citizenship by investment. The minimum investment amount for a residence permit is €250,000, which you can spend on real estate or land. It is also possible to rent a room in a hotel or an apartment in a tourist complex.

Make a 10% down payment, sign a preliminary purchase contract and have it certified by a notary, who will charge a fee of 1.2% of the transaction value. You will also have to pay a registration fee of approximately 0.5–0.75% of the transaction value.