Before the 2008 financial crisis, property values were on a steady rise due to high demand from both local and international buyers.
However, the crisis caused a sharp decline, with prices dropping by as much as 40-50%. In recent years, the market has been recovering gradually, with property values slowly increasing as the economy stabilizes.
By exploring these historical trends, you can better navigate the market and potentially secure a more advantageous deal on your residential property in Chania.
Navigating the real estate market in Chania can be complex, but we’re here to help. Our team offers comprehensive services to assist you in buying a house or apartment in Chania.
We provide detailed market analyses, historical price data, and current trend insights to ensure you make a well-informed decision. From finding the perfect property to guiding you through the buying process, we’re dedicated to making your investment journey smooth and successful.
For our Occupier Strategy and Solutions team, it’s crucial to be a business partner to our clients rather than merely a service provider. We function as an extension of our clients’ corporate real estate departments, adding value to their portfolios and crafting tailored solutions to help them meet their business goals.
Property Valuation and Advisory services in Chania provide essential insights into the local real estate market. These services accurately assess property values by considering location-specific factors, market trends, and property conditions unique to Chania.
Whether you have questions about property prices, taxes, or any other aspect of purchasing a home in Chania, Crete, we’re committed to helping you every step of the way. For more detailed insights and personalized assistance tailored to your needs, we invite you to send us a message.
| Property Type | Avg. Price* (€) |
|---|---|
| 1 bedroom | 70,000 – 120,000 |
| 2 bedrooms | 90,000 – 220,000 |
| 3 bedrooms | 118.000 – 290.000 |
| 4 bedrooms | 150.000 – 345.000 |
| Village House – 3 bedrooms | 50,000 – 200,000+ |
| Detached Villa – 3 bedrooms | 220,000 – 500,000+ |
| Luxury Villa – 4 bedrooms | 350,000 – 1,000,000+ |
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1.5 LT Fresh Milk: € 2.45 | 500 gr Bread: € 0,97 | 6 Eggs: € 3.00 |
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400 gr. Gouda-Edam: €3.59 | Basic Lunchtime Menu: € 12.00 | Glass of Beer: € 3.5 |
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Standard Men’s Haircut: €15.00 | 1 liter (1/4 gallon) of gas: €1.97 | Utilities 1 month: € 184.00 |
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Public Transportation (monthly ticket): €60.00 | Cost to Chania Airport: €26.00 | Ferry to Piraeus: €39.00 |
Residential property prices in Greece saw an 11.76 percent increase in December 2023 compared to the previous year. On average, from 2007 to 2023, residential property prices in Greece rose by 0.11 percent. The highest increase recorded was 15.36 percent in the first quarter of 2023, while the lowest point was a decrease of -12.77 percent in the fourth quarter of 2012.
Banks and professionals in the real estate market foresee a modest decline in home sales prices in 2024. They anticipate that the upward trend of the past two years is reaching its conclusion.
Despite this, the general consensus is that property values will still increase overall, albeit at a slower rate. Moreover, certain regions may experience decreased demand, leading to slight reductions in sales prices to encourage transactions.
Throughout the years following the economic recession (2008-2018), we’ve witnessed a notable surge in demand for detached houses, apartments, and land plots with buildable rights. This resurgence has propelled these property types to their highest levels yet.
It’s worth noting that while average asking prices are currently on the rise, they may not always reflect the true pragmatic value of the property. Factors such as location, market trends, and property condition can significantly influence the actual worth, making it imperative for buyers and sellers alike to carefully consider all aspects before making decisions.
All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price or research updates without notice.
ARENCORES make no representation, warranty or guaranty as to accuracy of any information contained herein. You should consult your property advisors for an independent verification of any information.
iPRO
If you don’t find what you’re looking for, you can use our off-market properties for sale platform to let us know your criteria and requirements, save your requirements and create a property watch-list, making it even simpler for you to find your next property in Apokoronas or Chania.
We currently have many properties not publicly listed, including, building plots, family houses, villas, apartments and small hotels. A very large portion of our real estate transactions are now being conducted off-market.
Please note that iPro is a premium service offered by ARENCORES, ensuring confidentiality and personalized assistance. To access our curated property lists and in-depth market reports, you need to complete the personal identification process and sign an engagement letter.
From understanding the local market trends to navigating the legal and financial aspects, we've got you covered.
Understanding the real costs, taxes, and fees when buying property in Chania is essential for making informed decisions and avoiding unexpected expenses.
With a deep understanding of the local market our team of experts is here to help you find your perfect property in Chania.
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ARENCORES provides useful and practical tools and resources to assist property owners and investors realize and understand the latest perspectives and insights on the performance of property asset values across Crete, Greece.
| Property Type | Availability | Price | Demand | Supply Trends | Price Trends |
|---|---|---|---|---|---|
| Apartment |  |  | | | |
| Detached House |  |  | | | |
| Villa | | | | | |
| Hotel | | | | | |
| Plot | | | | |  |
| Agricultural Land | | | | | |
RESTful
ARENCORES RESTful is a state of art research platform in our approach of adopting a well-founded, inclusive, and pluralistic view of Chania real estate market.
We stand as the foremost authority in residential and investment real estate assets in Chania, Crete. Leveraging a comprehensive array of services, unparalleled, yet unique insights, and extensive data coverage across all facets of the real estate sector, we craft tailored solutions to meet the unique needs of our clients.
Regardless of their scale or complexity, we can ensure that every aspect of their requirements is meticulously addressed and optimized for maximum effectiveness.
RESTful
ARENCORES RESTful is a state of art research platform in our approach of adopting a well-founded, inclusive, and pluralistic view of Chania real estate market.
We stand as the foremost authority in residential and investment real estate assets in Chania, Crete. Leveraging a comprehensive array of services, unparalleled, yet unique insights, and extensive data coverage across all facets of the real estate sector, we craft tailored solutions to meet the unique needs of our clients.
Regardless of their scale or complexity, we can ensure that every aspect of their requirements is meticulously addressed and optimized for maximum effectiveness.
| Property Type | Availability | Price | Demand | Supply Trends | Price Trends |
|---|---|---|---|---|---|
| Apartment | | | | | |
| Detached House | | | | | |
| Villa | | | | | |
| Hotel | | | | | |
| Plot | | | | | |
| Agricultural Land | | | | | |
| Property Type | Avg. Price* (€) |
|---|---|
| 1 bedroom | 70,000 – 120,000 |
| 2 bedrooms | 90,000 – 220,000 |
| 3 bedrooms | 118.000 – 290.000 |
| 4 bedrooms | 150.000 – 345.000 |
| Village House – 3 bedrooms | 50,000 – 200,000+ |
| Detached Villa – 3 bedrooms | 220,000 – 500,000+ |
| Luxury Villa – 4 bedrooms | 350,000 – 1,000,000+ |
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