Crete is one of the largest islands of the Mediterranean and one of the most favored tourist destinations of Greece. Keeping in mind it has over 4000 years of history, it is the cradle of one of the most significant civilizations – the Minoan civilization, it has an average 300 days of sunshine per year, a mild and dry climate, beaches that are among the most beautiful and clean in the world, majestic mountains and lush landscapes, famous hospitality and unique local products and celebrated Cretan cuisine, it is no wonder that Crete for many years has been and remains the central pillar of the Greek tourism industry.
The population of Crete is 600,000, and this number is multiplied each year in summer due to the tourist flow, which increases year by year.
The biggest cities of Crete are Heraklion, Chania, Rethymno and Agios Nikolaos. All of them are modern and vibrant cities with new infrastructure and a broad choice both for the tourists and permanent residents.
Alongside the urban centers of the islands one can find picture-perfect seaside and mountain villages, that manages to preserve both their history and architecture through the ages. Those looking forward to a calm vacation, hiking, nature and a relaxed pace, will find on this island exactly what they’re looking for.
Crete is connected to Athens, as well as the main European capital and other cities of Greece (mainly during summer months) via the airports of Heraklion, Chania, Sitia and Tympaki. The ferry connection between the island and the Port of Pireaus is crucial all year round, although its role during the summer months for purposes of connecting Crete with other islands of the Aegean is also high.
For Crete its infrastructure is crucial and is expanding and being updated every year in order for it to be in line with the ever-increasing demands of the foreign tourist flow, which is constantly increasing. The island has a wide and modern highway network, ports, marinas, large hospitals, universities, private schools, sports clubs, and in general everything that might be needed for a modern way of living.
Why invest in Crete?
Crete, along with Mykonos, Santorini and Corfu, is considered to be one of the most developed economies, especially in the tourist and real estate sectors. However, unlike Mykonos and Santorini, which are islands, whose investment market is directed exclusively to a certain target audience of certain wealth, Crete is an island that is open to any investors, irrespective of their capital dimension.
• has a well-developed tourism sector and real estate market
• has a developed internal market, given that it is a large island with thousands of permanent residents, many of which are foreigners,
who chose Crete as the ideal place for relocation
• is a center of gravity for new large investments in the tourism sector and infrastructure projects, which are expected to lead to a more rapid growth of the real estate market
• gives the option to invest in a wide range of sectors with reliable return
• has a broad network of professional and highly-skilled personnel, that ensure the highest level of services on the island
• offers seaside vacation houses at bargain prices, which in itself is a guarantee of added value for an investment
The properties offered for sale on Crete are of the widest possible range: from large hotel units, seaside houses, houses in mountain villages, apartments in apartment buildings, commercial property, land lots, villas, one-family houses etc.
The Cretan real estate market is in abundance of properties for sale, and therefore any investor can choose a unique offer with high profit margins. Buying both residential and investment properties in Crete is a safe investment with a secure profit margin, yet it does not require of the investor to commit big investment capital.