The "BEST" types of real estate in Crete Greece to invest into may vary depending on the reason for the purchase, be it pure investment or a mix of personal use thrown in.
There are many types of investment real estate for sale that come under the residential bracket such as houses, apartments, condos and townhouses, and these types are often in demand, especially in growing areas.
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.
When looking to obtain investment loans, investors may find residential properties easier to finance, usually due to residential markets providing stable returns.
Office buildings, retail spaces, warehouses and industrial buildings come under the Commercial Real Estate (CRE) bracket, and while needing larger capital and upfront investments fees, often the long-term leases lead to more predictable higher income return.
Distribution centers, warehouses, logistics facilities, manufacturing plants fall into the Industrial Real Estate sector and will normally be let-out under long-term contracts to stable tenants generating reliable cash flow.
Under Retail Real Estate comes shopping centers, malls, retail stores, often which can demand high-traffic, leading to potential for high returns, as tenants often sign long leases, which can provide stability.
With vacation and holiday properties such as purchased to rent through Airbnb or Vrbo, these can provide high returns, especially in focussed tourist locations, plus there is the flexibility for the investor or owner to use the property personally when not renting it out as an investment.
Raw land, farmland and potential development land can appreciate significantly in the right location in listed by owner or agent, and the land plot can sit undeveloped for long periods waiting for the right market conditions.
Mixed-Use properties combine residential, commercial, and sometimes even industrial spaces in one building or development which can provide multiple streams of income.
Student housing rental properties located near universities or colleges, where apartment complexes or houses in high demand in university towns, can provide income for 9-12 months of the year.
Factors when deciding on the top type of real estate in Crete Greece to focus on are such aspects as location - is the area declining or undesirable area may not offer the same returns as a less-than-ideal property in a booming area.
Different property types require different levels of capital - residential properties typically require less upfront capital compared to commercial or industrial properties.
More specialized properties may offer higher returns but also come with higher risk so if looking for Crete Greece investment property for sale the focus passive income from rental properties, capital appreciation, such as land or development, or a combination of both?
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.
Real Estate Agents and Property Developers in Crete, Greece
