Buying luxury real estate in Crete Greece for personal use or as an investment will be down to each individuals financial goals and needs.
Owning a luxury piece of real-estate may come with a swimming pool, home theater, gym, and much more, and can serve as status symbol to the owner.
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.
Buying luxury real estate in Crete Greece for personal use or as an investment will be down to each individuals financial goals and needs.
Owning a luxury piece of real-estate may come with a swimming pool, home theater, gym, and much more, and can serve as status symbol to the owner.
Luxury properties purchased in sought-after areas can appreciate in value as part of a natural capital appreciation, even if not using the real estate as an investment tool.
As an investment though, rental income short or long, can yield high returns in luxury markets, especially homes purchased in high-demand locations.
High-net-worth individuals worldwide are often interested in luxury properties in key cities such as located in Crete Greece, and this international buyer demand can keep property values stable or even rising.
While demand for luxury real estate is always present, economic changes both locally and internationally can affect values, and legal paperwork for an international investment can be more complex.
If considering buying a luxury real estate Crete Greece investment or for personal use, always perform due diligence and use lawyers to manage the purchase agreements.
Choosing a luxury real estate investment in Greece by location and type is also down to the investors aims and end financial goals, be it regular rental income, capital appreciation or 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
