I wonder if Socrates and Plato took a house on Crete during the summer.

Woody Allen

Why Crete?

Properties in Crete are known to be a solid long-term investment with a strong ROI for landlords from all over the world. Furthermore, the average buying prices are quite low, but the rental prices attractively high due to year-round tourism. Crete takes leading positions in the lists of “Top of Most Profitable Cities in Europe to Buy an Investment Property in 2020”.

Crete is, by far, the most popular of the Greek islands in terms of tourism numbers and international sales of Cretan property. It was ranked one of the 3 best world’s destinations in TripAdvisor’s https://www.tripadvisor.com/TravelersChoice-Destinations
“Best Destinations in the World – Travelers Choice 2020” awards thanks to the great climate, beautiful beaches, fascinating historical sites, wild and breath-taking nature, and gastronomy . 2019 was a record year for tourism entering the island: the number of visitors from abroad reached 9.1 million! The leading visitor’s markets were Germany, France, the UK, the Netherlands, Italy, Belgium, Switzerland, and Russia.

Crete is the largest and the most populated island of Greece and is the fifth largest in the Mediterranean Sea, with an area of ​​8,336 square kilometres. It is a totally self-sustained island and together with the nearby small islands, they form the Crete Region, which is one of the 13 top-level administrative units of Greece. Heraklion, located on the northern shore of Crete, is the capital and the largest city of the island. There are two modern international airports, making flying to Crete quite easy.

It is divided into 4 regional units:

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The Chania region is located on the west side of the island. It has an area of 2,376 square km. This region is famous for its impressive White Mountains, the National Park and for its beautiful long beaches, making the Chania region a perfect holiday destination.

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Rethymno is the smallest region of the island located between White Mountains and Mt Psiloritisand.It is famous for its amazing mountain landscapes, marvellous beaches, historic monasteries and monuments. The region is also famous for its charming villages and bustling towns. Its capital is undoubtedly one of Crete’s most delightful towns.

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Heraklion is the largest of Crete’s regions and is one of the most popular destinations on the island. It is located on Crete’s north coast. The region is famous for the archaeological treasures including the Minoan palace of Knossos. The city of Heraklion is also the largest on the island of Crete and is one of Greece’s major urban centres.

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Lasithi is Crete’s easternmost region. Due to the gorgeous beaches with crystal clear waters, this region attracts a lot of tourists. It is also well-known for one-of-a-kind in Europe Palm Tree Forest at Vai beach. This area of Crete is also famous for its rural villages, historical monuments, archaeological sites, and natural beauty.

The capital of each regional unit has the same name, except Lasithi – the main town of this prefecture is Agios Nikolaos. Crete region general secretariat is based in Heraklion.

Key Factors for Investing in Crete

The strength of the tourist market. No. 1 tourist attraction in Greece: the largest island in Greece has everything for the perfect vacation: long sandy beaches, rocky bays, mountain villages & nightlife. It offers well-developed tourist areas and resort hotels

A low-cost living

An affordable European residency program

Low upkeep costs

The most beautiful beaches in Greece – a coastline of over a thousand miles and an easy access to all parts of the island

High resale value and rental yields

Vast variety of charter & scheduled flights almost all year long

Relaxation and peace of mind – Crete is one of the safest destinations in Europe

The longest tourist season – Crete is considered the southernmost point of Europe and enjoys 300 days of sunshine a year

For the last couple of years, the island’s infrastructure has undergone massive development due to the significant financial support from EU

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