Invest in Crete, acclaimed as one of Europe’s premier tourist destinations, offers compelling investment opportunities in its flourishing hospitality sector. Boasting stunning landscapes, rich cultural heritage, and world-renowned cuisine, Crete attracts millions of visitors annually.
Since the 1960s, Crete has stood as a premier tourism destination. This magnificent Mediterranean island boasts spectacular sandy beaches and an extraordinary cultural history, encompassing ancient sites like the Minoan-era palace of Knossos and the medieval Venetian Town of Chania.
Additionally, it holds the distinction of being the birthplace of renowned Greek artists such as writer Nikos Kazantzakis, the author of “Zorba the Greek,” and the painter El Greco.
Situated at the southernmost point of Europe, Crete benefits from the mildest winter climate on the continent, fostering its transformation into a major agricultural producer and exporter.
Its fertile lands yield an abundance of fresh fruits and vegetables, olives and olive oil, dairy products, cheeses, and distinctive wine vintages. With consistently moderate temperatures and abundant sunshine, Crete’s climate is a blessing throughout the year.
Crete, the fifth largest island in the Mediterranean, stands proudly as one of Greece’s premier tourist destinations, consistently ranking among the top five in the world for travellers.
In 2023 alone, Crete welcomed over 6 million visitors, comprising approximately one-sixth of Greece’s total tourist arrivals, and accounted for a significant 20% of the nation’s tourism receipts. Renowned for its unparalleled beauty and cultural richness, Crete continues to attract investment from prominent international travel entities, with plans underway for the development of several expansive resorts and hotel complexes.
The Greek island of Crete witnessed a notable surge in international air arrivals in 2023 compared to the preceding year. Particularly, the months of July and August saw the most remarkable figures, with over one million and 967 thousand international visitors, respectively.
Crete maintains its leading role in advancing energy and climate-friendly construction practices throughout Greece. Furthermore, the island is actively engaged in two groundbreaking power interconnection initiatives.
The first, the Crete-Attica interconnection, represents a monumental investment totalling €1 billion, aimed at enhancing energy connectivity between Crete and the Attica region. Additionally, Crete is spearheading the Crete-Peloponnese submarine AC interconnection project, a transformative endeavor valued at an estimated €324 million.
These initiatives underscore Crete’s commitment to sustainable energy development and regional connectivity.
After years of anticipation, Crete is poised to undergo a transformative upgrade to its infrastructure. Anchoring this development is the construction of a new airport at Kasteli, strategically located south of the island’s bustling capital, Heraklion. Complementing this endeavor is the ambitious plan for a new highway traversing the scenic north shore of Crete.
These major public works projects promise to not only enhance connectivity across the island but also unlock vast opportunities for economic growth and development. Now is the time to invest in Crete’s promising future.
Crete is on the brink of an economic resurgence fueled by substantial investments in its electricity grid infrastructure.
Two distinct projects, each valued at around €1 billion, are set to revolutionize connectivity between the island and the mainland’s electricity grid. These strategic initiatives not only signify a monumental leap forward for Crete’s energy sector but also herald a new era of economic growth and opportunity.
With these investments, Crete is poised to soar to new heights, solidifying its position as a key player in the region’s energy landscape.
Crete, the fifth largest island in the Mediterranean, boasts a population of around 634,000 and is a top tourist destination, welcoming over 6 million visitors in 2023.
Known for its rich cultural history, including the Minoan palace of Knossos and the Venetian Town of Chania, Crete is also the birthplace of notable figures like Nikos Kazantzakis and El Greco. The island enjoys a mild Mediterranean climate with over 300 sunny days annually, supporting its thriving agricultural sector.
Major infrastructure projects, such as a new airport at Kasteli and significant electricity grid upgrades, are set to further enhance Crete’s economic growth and connectivity.
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GDP in 2023, in current prices
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| Unique Nature Treasures 30 gorges, 20 bays, 8 lakes | Blue Flag Beaches: 34 | > 70 Destinations | Low Crime Rates: 0.05% | Sunny Days: 325 |
Information and advice about property investment in Chania.
We are providing a tailored service to corporate investors in the Chania real estate market.
We are offering expertise, consultancy and advice to property developers in Chania.
A tapestry of landscapes, where pristine beaches, rugged mountains, and lush valleys converge to create a breathtaking panorama. Explore the diverse beauty of this Mediterranean haven, where each turn reveals a new, enchanting vista, blending natural splendour with rich cultural heritage.
Whether you’re hiking through scenic gorges, lounging by the crystal-clear sea, or wandering through charming villages, Chania’s varied landscapes promise endless discovery and delight.
Endless stretches of coastline, inlets and islands of extraordinary beauty and sandy beaches tucked away at the foot of forbidding mountains. Impenetrable yet such imposing gorges, holy caves from the Minoan times, blessed rivers and lush, green plains thickly covered with olive and orange. lemon and citrus trees.
The prefecture of Chania which overlooks the Aegean and Libyan Sea is a land of never-ending natural beauties.
Invest in Chania with the Greece Golden Visa Program, offering a gateway to European residency through real estate investment. By purchasing property valued at €400,000 or more, investors and their families can obtain a renewable five-year residency permit.
This program provides access to the benefits of living in Greece, including excellent healthcare, education, and a high quality of life, while also enjoying visa-free travel within the Schengen Zone. The Greece Golden Visa is an attractive option for those seeking a strategic investment and a vibrant lifestyle in one of Europe’s most beautiful countries.
The Greece Golden Visa Program involves several fees and costs associated with the application process and maintaining residency. Here are the key fees:
The Greece Golden Visa Program offers numerous benefits for investors and their families:
The Greece Golden Visa Program is a strategic and attractive option for those seeking both investment opportunities and a vibrant lifestyle.
Housing prices include housing rent prices indices, real and nominal house prices indices, and ratios of price to rent and price to income. In most cases, the nominal house price index covers the sales of newly-built and existing dwellings, following the recommendations from the RPPI (Residential Property Prices Indices) manual.
1. Abysmal 2. Poor. 3. Fair. 4. Good 5. Excellent
Rising Property Values: Over recent years, Greece has experienced a steady increase in property prices, driven by economic recovery, increased foreign investment, and the popularity of the Golden Visa Program.
Urban Areas Leading Growth: Major cities like Athens and Thessaloniki have seen significant price hikes, with prime locations and luxury properties particularly in demand.
Regional Variations: While urban areas are experiencing rapid growth, some rural and less-touristic regions have slower price increases, offering more affordable investment opportunities.
Tourist Destinations in Demand: Popular tourist areas such as Crete, Mykonos, and Santorini are witnessing strong demand, pushing property prices higher due to their appeal to both investors and holiday home buyers.
Positive Outlook: The overall outlook for Greece’s housing market remains positive, supported by economic stability, tourism growth, and continued foreign interest.
Rental Yields: The rental market is also thriving, with high demand in tourist hotspots and major cities, resulting in attractive rental yields for property investors.
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.
Visitor arrivals in Greece saw a significant increase of 26.0% in February 2024, up from a 16.0% rise in the previous month. This data, updated monthly, spans from January 2006 to February 2024. The highest growth rate was recorded in April 2022 at 884.3%, while the lowest was -97.7% in May 2020
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