Beautiful Crete, with its wonderful Greek sun, its historic cities, its local treats and its legendary Cretan raki, attracts thousands of tourists each year and many of them yield to the temptation of making this love for the island official, by purchasing property in Crete: their own vacation home!
Crete stretches over 8,303 square kilometers, full of local plants, different species of orchids and beneficial therapeutic herbs. The 1,046 kilometers of its shores are surrounded by the Cretan Sea, welcoming the island’s lucky visitors each summer.
The hospitable Cretans, 623,065 permanent residents with a population density of approximately 75/km2, offer a warm welcome to tourists and new residents who can’t wait to add their own numbers in the above figures, enticed by the largest island of Greece.
The island’s two airports and its multiple hotels accommodate visitors and they radically increase the island’s accessibility.
Although the financial crisis has deeply affected Greek economy, Crete’s real estate market still follows a dynamic course, in spite of adversity. Turning these negative conditions into opportunities, Crete offers the advantage of very competitive prices in comparison to other Greek islands.
In other words, Crete is the ideal solution for anyone looking for low-cost but luxurious property!
Property in Crete: From modern, newly-built apartments or crete villas to cozy, stone-built detached houses, Crete’s real estate market offers interested buyers a multitude of options.
What is it that makes the purchase of property in Crete such an attractive option? Crete is like a mosaic of cultures and lifestyles: on your very first visit you can experience the island’s Venetian influences combined with Byzantine and Muslim ones. In this multifaceted island, you can feel free to choose between a more cosmopolitan lifestyle and absolute relaxation, coming in touch with nature.
A Greek beacon of culture, Crete is the birthplace of El Greco, Nikos Kazantzakis, and Odysseas Elytis. It’s home to some of the most magnificent natural landscapes in all Greece, with its towering Psiloritis and the dazzling beach of Elafonisi. An island with countless options for dining, drinking, entertainment or even water sports!
Northeastern Crete is undoubtedly the most popular side of the island, while the southeastern part boasts several unexploited areas, close to idyllic beaches and archaeological sites. Good news is that the real estate transfer tax is now lower than ever, so this should be no problem, bringing you one step closer to your goal. Still, German buyers are encouraged to be a little careful with the Land Registry process, which is a little different in Greece but in any case, the result will be totally worth it! More information about properties in Griechanld on our website.
European or not, all buyers are welcome in the Crete market and Greece in general, in an effort to reinforce the Greek economy. In order to make Greece more attractive as an investment location, the land transfer tax has been reduced from 10% to 3% in recent years, while purchase costs are at a very low level compared to other European countries (additional costs around 7%). Still, German buyers are encouraged to be a little careful with the Land Registry process, which is a little different in Greece but in any case, the result will be totally worth it! More information about properties in Griechanld on our website.