Real estate in Crete Greece

Real Estate in Crete | property for sale
October 9, 2014 – 07:02 am

Real Estate in CreteCrete is the southernmost and the biggest island in Greece. Its coast line runs for a thousand kilometers, and its shore is indented with numerous coves, grottos and sheer rocks. This unique island is bathing in warm water of the Mediterranean. As a tourist destination, Crete is more popular than other Greek islands, and every visitor will find something to do here that would match his personal tastes. Beach and sun lovers will enjoy its excellent beaches and secluded coves and its active sea coast villages warmed by the sun 300 days a year. Crete’s highly developed infrastructure, its luxuriant sea resorts and hotels and its amazingly untouched nature make the island a popular spot where lots of people buy property. Apart from its stunning views blending with horizon, Crete is famous for its rich history. If you are keen on history, you will enjoy visiting its numerous sights and memorial places. It was here that Europe’s most ancient Minoan civilization came into being, and it laid the foundation to Ancient Greek and European culture. Its artifacts are exhibited in Knossos, Festa and Gortina museums.

Real Estate in CreteCrete looks like a miniature universe full of beauty and various treasures. You may get an impression that your life is too short to explore and to discover all parts of the island. But if you buy real estate there, you’ll win a magic ticket that will allow you to visit Crete again and again.

Crete is 13th Greek periphery; it is divided into 4 regions: Heraclion, Chania, Rethymno and Lassiti, with its administrative centre in Agios Nikolaos. Knossos was its ancient capital, and archeological excavations discovered its magnificent architectural ensemble, with its palace, numerous villas, roads and colonnades. Since Knossos palace is closely related to Minos, its legendary king, ancient Crete civilization was also called Minoan. The Greek settled down here much later, but they also held Minoan culture in great respect. And perhaps that is the reason why they believed that Zeus the Thunderer’s mother chose one of Crete caves to hide her newborn baby from its father, and the almighty god spent his childhood years in Crete as well.

Real Estate in CreteCrete climate is considered one of the mildest and healthiest in Europe. The island is also famous for its unique ecological situation: the nearest factory is located a couple hundred miles away from Crete. Swimming season starts end of April here and it lasts till mid-November. Crete winter is short and mild, and the temperature never drops down below +13-18C. And even in the middle of winter the water temperature stays round +16C.

Crete real estate has been long since discovered by the fans of luxurious and sophisticated vacations spent far away from the fuss of big cities, amongst ancient ruins and untouched nature. The sea stays as transparent and crystal clear as it used to be in those times when Olympic Gods came to swim there. And local nature features untouched spots famous for its virgin fauna and flora. Villa and apartment prices here are not higher (and sometimes even much lower) than in mainland Greece. Each part of Crete has its own peculiarities regarding its natural landscapes and the property offered for sale.

Real Estate in CreteHeraclion is the largest Crete region, and its capital also bears the same name. It’s the island’s administrative centre as well. In this region there are lots of large sea coast tourist centers such as Khersonissos, Malya, Stalida and Agia Pelagya. The coast line is indented with a large number of picturesque coves and bays, and different types of good hotels are located on their shore. It’s a weighty argument for buying property which you plan to rent out. Heraclion International airport is quite large, and it operates hundreds of regular and charter flights all year round. Numerous churches dating back to various ages have survived here, as well as elegant neoclassical houses decorated with Balkan style ornaments. Once they belonged to local wealthy families. The city is also famous for its fountains - a legacy from Venetian and Turkish era. And the world famous Knossos palace is located a few kilometers from Heraclion. The jewel with a bee image which became the Crete talisman was found here, and local jewelers make lots of modern copies of this jewel. Crete property prices (near Heraclion) start from 1150 Euro per square meter.

Real Estate in CreteLassiti region includes Agios Nikolaos, Elunda, Istron, Ieroperta and Sitya cities. The region lies in the very east of Crete and it features fertile valleys and spacious beaches. The famous Finikodassos beach – the one surrounded with palm groves – is also located here. Every person who visited this area once dreams of buying property here. Agios Nikolaos, the administrative centre of the region, is located in the north western part of Mirabello bay, the largest bay in Crete. The most fashionable sea resorts are situated here as well. Sometimes they are called “The Crete St Tropes”. The symbol of Agios Nikolaos, its capital, is the Vulyagmeni (Drown) Lake. A channel connects it to the sea, and an ancient legend says that Athena the Goddess herself took her baths here. If you consider buying property here, you would find it useful to know that you will have to pay at least 220 000 Euro (or more) for a townhouse or an apartment in Lassiti.

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Popular Q&A
What is the best way to learn about the real estate market in Greece? - Quora

Different Greek regions have different levels of protection from foreign investment and purchasing. In some regions a foreigner cannot purchase property in order to preserve property prices and culture.
In most of Greece, unlike some other countries, property isn't seen like a commodity to be traded. If you own land you probably won't sell it, even if you don't need it. Land in Greece is seen more as something you hand down to your children. Land is generally measured in 'strema' which I think is about 1000sqm. In rural areas if you want to build a house you sometimes cannot exceed a rat…

How can someone in Greece get an American document notarized for a real estate transaction in the US

You can visit the US Embassy or Consulate. They will help you get the document notarized. Thanks for asking

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