Retirement or second home in Crete

Crete, with its over 5,000-year history, is the largest island in Greece. With more than 300 days of sunshine, it has always been and still is a magnet for prospective buyers from northern and central European countries for a retirement or second home.

Due to the crisis since 2008, property prices in Crete have also fallen to a very low level.

According to many real estate and financial experts, however, prices may have bottomed out. Reasons for this are certainly the increased demand for real estate as well as the beginning construction activity of new properties. Certainly, the stabilisation of the political situation, the upcoming refinancing of the Greek banks and the legislative changes such as the legalisation law, the reform of the cadastral system are also helpful, making the purchase of a property more attractive and secure.

We - Team Immolymp - also believe that now is certainly a good time to fulfil the dream of owning a retirement or second home in Crete. Speculators believe that prices will continue to fall.

But we are of the opinion, good properties in a good location, with a good infrastructure and with sea view will not experience further price drops. Of course, this does not only apply to properties in Crete. Therefore, you should be on the lookout for your dream property now. Because as the saying goes, "If you're too late, you'll miss out on the best."

Other criteria that speak for Crete.

• The good transport connections. Crete has two central international airports in Heraklion and Chania, as well as a third in Sitia, which continues to expand. The accessibility and destinations from all over Europe are between 2-3 hours.
• Crete is located in one of the best climates in Europe with over 300 days of sunshine and has a very mild winter.
• Crete has one of the lowest crime rates in Europe and is known for the hospitality of the Cretan people.
• Crete has a low cost of living and has several, larger towns (inhabited all year round). Thus, it has year-round functioning structures of everyday life.
• Crete offers a wide range of leisure and cultural activities.
• The ports are accessible from several islands as well as from the mainland.
  
  Let us advise you. We are happy to accompany you from the enquiry to the conclusion of the purchase and beyond. We show you what you should consider when buying your Greek property.

Your IMMOLYMP team