Chania Real Estate Magazine

ARENCORES MAGAZINE

Chania is the Best Place to Invest and Live. ARENCORES MAGAZINE is filled with detailed information on current trends in Chania real estate, newest styles, best places to be, must-haves and the latest news about the property market in Chania, Crete. This is the ultimate read for the discerning real estate lover.

Chania, Crete: The Best Place for Living and Investing

There are great real estate investments overseas. There are also some incredible places to live. At ARENCORES, we looked at dozens of factors like climate, cost of living, accessibility. But the ones that really carry the most weight for us are these three: quality of life, real estate potential and safety.

WE’LL HELP YOU FIND A NEW PLACE TO CALL HOME.

Chania Property Buyers and Investors Facts - ARENCORES

Chania is the Best Place for Living

  • The best conditions among other European countries for obtaining residence permit via the “Golden visa” program.
  • The lowest crime rate (0.5%) among the most popular EU destinations.
  • Absence of language barrier due to the ever-growing use of English, French and Russian.
  • The sunniest weather in Europe with more than 320 days of sunshine annually.
  • One of the cleanest seas in the world: More than 32 beaches were awarded with the Blue Flag.
  • Efficient development rules which guarantee that high-rise structures will not be constructed near your property and picturesque view will not be hidden.
  • Cost of living is 40% lower than in London UK and 20% lower than in other European capitals.
  • Greek rules for companion pets entry are one of the most tolerant in the European Union.
  • Chania International Airport connects the region with more than 70 destinations.

Chania is the Best Place for Investing

  • Easy opening and control of bank accounts.
  • Stable economic growth.
  • High Return of Investment potential on real estate projects.
  • One of the highest rental rates of return in the EU.
  • High demand for rental properties from Europeans, Israelis, Russians and Americans.
  • Greek tourism market grows by 10-15% per year (this is not the case for 2020 because of the Covid-19 pandemic).
  • Exceptional sustainability standards.
  • Professional teams of engineers, architects and construction specialists.
Chania Property Investing - ARENCORES

WHY DO WE WORK WITH CHANIA REAL ESTATE

Crete is the safest, one of the richest and most fertile regions in Greece.

Unique Nature
Chania Blue Flag Beaches
Chania Airport
Chania Safety
Chania Sunny Days
Unique Nature

Blue Flags
Excellent Links
Crime
Sunny Days
30 gorges, 20 bays, 8 lakes
42
<70 destinations.
0.05%
320

Discover the Spectacular Beauty and Unmatched Charm of Chania

Chania is one of the top destinations in the entire world, not only due to its unique architecture and unparalleled natural beauty. It is a combination of different details and personal touches, leading to the perfect outcome that can be admired from the very first moment you visit the area.

A PERFECT CLIMATE

Experience the perfect Mediterranean weather & climate.

Spring in Chania

Spring on Crete truly begins in April, when the island is awash in flowers. Temperatures aren’t too hot at this point, making it a great season for hiking and cycling. By April, the water temperatures are warm enough for swimming.


Summer in Chania

Summer is almost pure sunshine in Crete and often warm temperatures, as heatwaves from Africa can cause the mercury to rise. Interior temperatures can sometimes exceed 38 degrees Celsius. Summer is also quite dry and it’s common to go for weeks, if not a month, without rain. If there’s a breeze, temperatures still feel quite bearable even if the thermometer says otherwise.


Fall in Chania

Chania experiences a late summer, with warm temperatures and seawater often through November. This is also a great time to hike or explore other activities on the island without throngs of people. Late fall can be rainier than the rest of the year, but still dry overall.


Winter in Chania

If you want to see Chania without tourists, visit during the winter. While there might be a bit more rain than other seasons, the island remains warm overall, although sometimes cold winds can make it feel colder than it actually is. Winter is also a nice time to visit if you’re interested in the local spirit, Raki, or the olive harvest.

Average Temperatures and Climate in Chania, Crete, Greece
Average Temperatures and Climate in Chania, Crete, Greece
Chania Average temperatures and precipitation - ARENCORES
Chania Average temperatures and precipitation

The landmass of Crete is large enough to have a wide range of weather zones, which change as you go north and south or east and west across the island. Moreover, since Crete is a mixture of lowland and mountainous regions, there are also weather and temperature variations based on altitude.

Cloudy, sunny, and precipitation days
Cloudy, sunny, and precipitation days in Chania
Maximum temperatures
Chania Maximum Temperatures

A TAPESTRY OF LANDSCAPES

In Chania, at every season – an amazing array of biodiversity and ecological value will unfold before your eyes.

Chania Nature Info And Facts - ARENCORES

Endless stretches of coastline, inlets and islands of an extraordinary beauty and sandy beaches tucked away at the foot of forbidding mountains. Impenetrable but yet such imposing gorges, holy caves from the Minoan times, blessed rivers and lush, green plains thickly covered with olive, orange. lemon and citrus trees.

But that is only one side of the coin.

The prefecture of Chania which overlooks the Aegean and Libyan Sea is a land of never-ending natural beauties.

Samaria Gorge - ARENCORES

GOLDEN VISA PROGRAM

A long-term passport to the amazing island of Crete, Greece.

Greece Golden Visa - Chania Real Estate ARENCORES
Greece Golden Visa

Benefits

Greece has one of the powerful european passports in the world with visa free access to 183 countries. Greece has Visa Waiver Program (VWP) with United States, Canada, United Kingdom. Greece issues permanent residency rights to foreign to investors based on real estate investment or property purchase in Greece. As of 2018, Greece has become one of them most popular and cheapest golden visa schemes in Europe. The Greek government announced it may expand the scheme by introducing government bond and bank deposit options for €400,000.

  • Immigrate to Europe with family
  • 100% Real estate investment in Greece
  • Travel freely within Schengen area
  • Immediate permanent residency in Greece
  • No language tests, no business experience, no medical tests
  • Greece has still lowest property prices in Europe
  • Citizenship after 7 years
  • No minimum residence requirements

Greece has the lowest property prices in Europe EUR 1500/sq.m, compared to other EU countries. This also means you can get more than 150 sq.m. of apartments for the 250,000 EUR golden visa investment in Greece.

Program Fees

For the minimum of EUR 250,000 property investment, the total costs are:

  • Approximately 6.5% (16,000€) for property transfer tax, legal fees, land registry and notary
  • EUR 2,000 for the Golden VISA stamps for every person that will apply for the golden visa program
  • if you want the house to be furnished  (for short-term rental platforms), additional EUR 10,000 for furniture etc.
  • Background check of the property in the competent land registry office: 250 Euros plus VAT 24%
  • Handling all the necessary procedures for signing the contract of the property purchase: 1.000 Euros plus VAT 24%
  •  Applying for a residence permit: 300 Euros plus VAT 24% for every person applied.

Total costs: In general one should expect additional costs 8%-10% of the total EUR 250,000 real estate investment.

GET IN THE LOOP

Buyers can now discover exclusive Chania off-market properties for sale before the masses. And, be the first to know about them! ARENCORES and Chania Real Estate introduce a Passive Listing approach which replaces ‘search’ with properties that match your searching criteria.

HOUSING INDEX IN GREECE

Housing Index in Greece increased to 66.00 points in the first quarter of 2020 from 65.60 points in the third quarter of 2019.*

*House Prices after COVID-19

The rapid and complete shutdown of the property market resulting from coronavirus lockdown could cause house prices in Greece to fall by as much as 15-20 per cent this year, as references to the 2008 financial crisis.

However, our research shows that while we can expect a severe economic shock in the immediate term, there are certain fundamentals that set the current crisis apart from events in recent memory, leading our team to forecast a robust recovery by the first quarter of 2022 and a cumulative rise of around 10 -15 per cent in three to five years, in line with our previous forecast of November 2019.

GREECE’S VISITOR ARRIVALS GROWTH

Greece's Visitor Arrivals Growth

Tourist infrastructure of Crete is one of the best in the world. Crete is also considered to be one of the most popular vacation destinations. Moreover, 30 percent of foreign tourists coming to Greece take a holiday in Crete.

According to Wikipedia, the Gross domestic product (GDP) of the region was 9.4 billion € in 2018, accounting for 5.1% of Greek economic output. GDP per capita adjusted for purchasing power was 17,800 € or 59% of the EU27 average in the same year. The GDP per employee was 68% of the EU average. Crete is the region in Greece with the fifth highest GDP per capita.

Chania & Tourism Trends

Crete is most often visited by tourists from Germany. Over 1.4 million German tourists visited the island in 2018, ranking Germany as Crete’s biggest travel market by far.

Other visitors include those from France, the UK and the Netherlands.According to the SETE Institute (INSETE), the research department of the Greek Tourism Confederation (SETE); Athens, Thessaloniki, Fira on Santorini, as well as Georgioupolis and Rethymno on Crete, are among the most popular tourist destinations among German vacationers in the spring of the last year. British tourists prefer Athens, Fira, and Imerovigli on Santorini, Corfu, and Thessaloniki.

The fact that Georgioupolis is one of the top destinations preferred by German tourists is not a surprise: in this area with a strong tradition in welcoming vacationers from this part of the European mainland, German vacationers feel at ease and find the best facilities and amenities for a comfortable stay including high-class facilities.

CHANIA

One of The Best Places in Europe to Live and Invest

According to the statistics of RESTful, our Big Data Analytics, Research and Investment Platform, the real estate market of Chania is the most attractive in the Mediterranean area, with its high return on investment rates in comparison with the immediate competitors in the South Eastern Europe. This high demand for commercial and residential property in Chania, Crete can be easily explained by the many benefits this region offers:

Golden Visa Program for residence permit by ARENCORES, Chania Real Estate Experts

“GOLDEN VISA” PROGRAM

 

The Greek “Golden Visa” program offers the best conditions to obtain residency for the whole family. Residency cost through the “Golden visa” program — 250 000 euros.

Seaside and Blue Flag Beaches in Chania, Crete.

SEASIDE & BEACHES

 

Greece ranked second place in the world on the 2019 Blue Flag quality award list for beaches and marinas, among 47 countries. Of theses, 42 Blue Flags go to Chania beaches.

Weather in Chania, Crete by ARENCORES

Sunniest Prefecture

 

With 320 sunny days per year, the island of Crete enjoys the sunniest weather across Europe. It has one of the healthiest climates as it is quite humid near the sea, with short mild winters and cool summers.

Chania Cost of Living - ARENCORES

Cost of Living

 

Cost of living index in Chania is 44.99% lower than in London and 20 % lower than in other European countries. Chania is still very very safe, comparing with other European cities.

Chania Real Estate Investments - ARENCORES

HIGH RETURNS

 

Rental and real estate commercial business yields in Chania, Crete are among the highest in Europe. The demand for rental property among the Europeans is high since the tourism market grows by 10-18 % each year.

Greece Banking System - ARENCORES

BANKING SYSTEM

 

Greece has one of the most efficient and customer-friendly banking systems in Europe, making it easy for real estate clients to open and administer bank accounts.

Good Properties for Sale in Chania, Crete, Greece.

Luxury Estates

 

The region of Chania provides exceptional collection of luxurious villas, vacation homes and residences with high return of investment potential.

Chania Airport Transport Links ARENCORES

LINKING THE WORLD

 

Chania International Airport “Ioannis Daskalogiannis” links the region to multiple domestic and international destinations. Most charter flights to European destinations run from April to the end of October or early November.

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