Distressed and Foreclosed Properties in Crete Greece

Looking for distressed or foreclosed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Where is Crete in Greece, why buy luxury properties in Crete, or invest into real estate in Crete.

Crete is the largest island in Greece, one of the most famous destinations in the Mediterranean and world, and is situated to the south of the Aegean Sea, separating it from the Libyan Sea, about 160 km south of mainland Greece. This central position in the Mediterranean makes Crete an attractive location to consider for both tourism and rental returns, personal use property, investment or a mixture of both.

With transportation to Crete straightforward via international airports in Heraklion and Chania, with direct flights from major European cities, and connections to North America, the Middle East and Far East it is a location to consider.

There are many places to find distressed or foreclosed properties in Crete Greece, for example you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

If you are in the area you are focussed on, you can drive around neighborhoods looking for vacant properties, and you may find cheap distressed Crete Greece property for sale with broken windows, or online you may find contacts for attorneys, property managers, and bankruptcy lawyers who may know of distressed or foreclosed real estate in the area.

If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.

Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.

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