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My Property Greece LimitedThe aggregator provides over 3402 housing options, which can be sorted by location, size, number of bedrooms and villa prices on Crete. The website features projects from leading developers and listings from real estate agencies with extensive experience in the real estate market. You can browse the catalogue to find the perfect house on Crete and contact the seller directly.
- Lowest house prices on Crete: EUR 90000
- Most expensive villa for sale on Crete: EUR 10.5 million
| Number of bedrooms | Minimum price (EUR) | Maximum price (EUR) |
|---|---|---|
| 1-bedroom | 55,000 | 411,000 |
| 2-bedroom | 128,000 | 500,000 |
| 3-bedroom | 85,000 | 1.92 million |
| 4-bedroom | 86,000 | 3.75 million |
| 5-bedroom | 175,000 | 3.5 million |
| 6-bedroom | 320,000 | 10.5 million |
- Smallest size of a villa on Crete: 25 m²
- Largest area: 1,600 m²
Foreign investors can obtain residency in the republic by purchasing villas in Greece worth at least EUR 400,000. This minimum amount will increase to EUR 400,000 after August 31, 2024. The golden visa is granted for five years and can be renewed upon expiration. Foreigners from certain countries may also be eligible for a Greek residence permit if they hold a second passport from another country.
Villas for sale on Crete
Crete is Greece’s largest island, surrounded by several warm seas. It’s one of the country’s key economic regions, thanks to its developed tourism, comprehensive infrastructure and luxury resorts. Its rich history attracts holidaymakers eager to learn about the Minoan civilization, explore the Knossos Palace and visit excavation sites. The island also boasts renowned beaches, museums, parks and gardens. With multiple universities, two international airports and numerous entertainment venues, the island offers a comfortable environment for permanent residence.
The market offers a wide range of properties, from renovated houses to exquisite modern mansions. Most accommodations include bedrooms, bathrooms, living rooms and kitchens, with some featuring balconies, terraces and private areas. Premium villas for sale on Crete come with panoramic windows, swimming pools, gardens, fireplace rooms, parking spaces and direct access to well-maintained beaches. The properties are fully furnished and equipped with household appliances.
The most attractive locations for buying a villa on Crete are as follows:
- Chania: A large city in the north of the island, famous for its Venetian-style buildings. Buyers can choose from renovated houses for sale on Crete, Greece, as well as modern sea-view mansions;
- Heraklion: The capital of the region, well-known for its numerous museums, cathedrals, restaurants and entertainment venues. Nikos Kazantzakis International Airport is located in the suburb. There are mid-priced villas on Crete for investment;
- Rethymno: A location with a calm atmosphere, a marina and historical sights. The real estate market offers both modern options and traditional houses;
- Agios Nikolaos: An exclusive resort area with luxurious mansions. Golf courses, yacht clubs and premium restaurants can be found in some parts of the region.
The cost of a villa on Crete depends significantly on the condition of the housing, its size, amenities and proximity to the coast. When investing in a house on Crete, the most expensive properties are found in the resorts of Lasithi, Heraklion and Chania. More affordable options can be found in Rethymno, Stavromenos and Elounda.
Reasons for investing in a house on Crete
Greece has long been a sought-after destination in Europe for real estate investors. This is due to its developed housing market, which offers options at various price points and can provide high rental income during the peak season. Purchasing an investment villa on Crete is particularly advantageous given the property values: they increased by 14.14% in major cities to the second quarter of 2023.
Property in Greece is highly sought-after by foreign investors, as evidenced by the 80% share of purchases in the first half of 2023. Foreign direct investment reached EUR 1.1 billion, marking a record increase of 39.9%. One of the main attractions of Greece is its resident visa programme, which allows investors to live in the country with their family members and travel to other Schengen Area countries.
You can buy a villa on Crete as a long-term investment. Renting out your overseas property can provide a passive stable income, as Crete is a popular holiday destination. Tourists flock to its sandy beaches and numerous historical attractions. Additionally, both local and foreign professionals and businessmen are drawn to the island for its pleasant climate, well-developed infrastructure and abundant walking areas. The rental cost of a villa on Crete is higher during the peak tourist season, which runs from April to October. The return on investment in Greece averages 4.82% per annum, though this can vary by location.
If your plans to rent out or live in your house for sale on Crete change, you can sell it, which may be a wise decision given the rising prices. However, it’s important to note that if you sell your overseas property, foreigners who have a residence permit to buy a house on Crete will lose their visa and will not be able to renew it after the initial five-year period.
Buying a villa on Crete
The Global-Property.Investments aggregator updates its catalogue with new ads regularly, allowing buyers to view the latest parameters and costs of villas and houses on Crete. The website offers mansions and apartments in Greece suitable for profitable investment and personal residence. The online portal features various housing options from sought-after developers in popular locations throughout the country. Searching for the right property is made easier with filters for housing type, location, number of bedrooms, area and price range. The built-in currency converter allows you to quickly convert values into dollars or euros.