Chania Real Estate Studies and Reports

This section features the latest findings from our research and data analysis on the Chania property market. Discover useful insights and trends to assist your decision-making.

Chania Real Estate: Market Data, Insights & Reporting.

Make informed decisions based on actionable insights and data analysis from the most sophisticated research and real estate platform in the Chania real estate market.

Insights & Research

ARENCORES provides advice and analysis to a range of property buyers and investors for almost every property commercial, residential or industrial.

Our advice, research and tools facilitate both property buyers and property owners in proper decision-making. Our Chania property market research work covers a wide range of projects and is as diverse as project development economic feasibility, rental income prognosis, business development strategy and investment advice.

We are using data mapping, BIG DATA Analytics and catchment analysis to provide a reliable prognosis on the ROI and risks associated with property investment in Chania and Rethymno property market.

We also publish highly respected research reports for the Chania property market.

Effects on the Technology Innovations, Real Estate and Entrepreneurship in Crete, Greece.

Effects on the Technology Innovations, Real Estate and Entrepreneurship in the island of Crete, Greece.
From the Mythical Talos to the Prestigious Technical University of Crete.

After twelve years of turmoil and dramatic changes in the daily life of Greeks, Greece is looking toward a better future—a future of economic recovery, lower unemployment and rising living standards. Nevertheless, twelve years is a very long time in the world of technology. It is more than certain that recovery will make life much better, but it will not take Greeks back to the pre-crisis world of the mid-2000s.

As the Greek economy glided into recession, technological change and digital transformation in the world accelerated noticeably. Greece is returning to a global economy that has been radically changed.

On the island of Crete, there are some of the country’s most academically acclaimed and reputable multi-disciplinary, research-oriented institutions, located in the cities of Chania, Rethymnon and Heraklion.

The role of science and technology in the local society may be broadly stated as one of the most critical factors in terms of technological innovation and scientific advancement and of realizing long-term national goals for the next century.

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Crete Real Estate Market and Covid19-impacts (Chania Focused)

The recent health crisis was a major shock to the real estate market of Greece and Crete in particular. Uncertainties and risks about the duration of the current health crisis and its impact on the economy are very high and extremely difficult to predict.

However, countries like Greece with successful anti-pandemic programmes and Golden Visa schemes are more likely to be the focus of property investors once the current crisis is over and Crete should be (again) one of the most promising markets in Europe.

What are the new coronavirus restrictions in Crete?
What is the current situation for the housing market in Chania?
What are the future trends for the retail market?
Which sectors of the real estate market will be most affected and what opportunities are about to come?
How quickly can Crete’s real estate market recover?
The economic impact of COVID-19 in Crete
What does it mean for our clients?
Impact on real estate assets in Crete (by type)

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Chania Property Market Trends - Hotels & Commercial - Tourism Investments

One division of the property market in Chania which is going to be a fundamental factor of the future, especially within the next 10 years, is the private rented sector (PRS). Currently, around half of homes in Chania are rented, with that figure expected to grow by 20-30 per cent over the next decade.

As more and more people wish to spend several months in Chania, the need for high-quality rented housing (villas, luxurious apartments) will continue to grow so build-to-rent (BTR) property is going to play a significant role in supplying commercial-investment properties.

Tourism numbers for Greece expected
to hit an all-time high in 2020
Travel receipts
Average Spend Per Visit
The Most Important
Markets for
The Greek Tourism
And the winner is… Georgioupolis
Chania Real Estate Market
Top Blue Flag Beaches in Crete
The Climate in Crete
The Cretan Anaglyph, Flora & Fauna
Economy in Crete
Cretan Tourists’ Profile & Motives
HOTELS AND AIRBNB FACTS & TRENDS

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Chania Real Estate market Outlook 2019-2020

Within the tourist & logistics sector, which in Crete remains blisteringly hot, foreign investors and investment funds are racing to build economically viable real estate assets and services that can handle same-day fulfilment and high investment returns as efficiently as possible.

Innovative real estate services, property valuations and access to local real estate data continue to change what is feasible, reasonable and trustworthy.

Within the Chania real estate market, the luxury property sector has seen a revival in 2017 and 2018 and continues to thrive by offering a combination of choice, magnificent design options and leisure services.

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Chania Small Properties and Big Opportunities

Ambitious real estate prospects

ARENCORES predicts that the amount of money pumped into the Chania real estate market will increase by around 20-30% in the next couple of years. Many buyers and investors have underallocated in Greece due to concerns of economic slowdown; with clear signs of economic stabilisation, investors are expected to return. Chania will also continue to attract solid interest from all types of buyers because of attractive yields and good real estate opportunities. 56% of the most attractive small-sized properties are located on the outskirts of Chania.

Focus on small-sized properties

The results of our research show that there are significant opportunities for small-sized plots and houses. Additionally, our research shows that a growing number of buyers from Scandinavia, Israel and Germany have been interested in Cretan properties, capitalizing on lower prices and higher returns of investment compared to other real estate markets in Greece. Real estate investors’ main target in Crete has been Chania — one of Greece’s most mature and promising real estate markets.

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Chania Property Legilsation

The right to property, as a fundamental right, is under the protection of the State, as provided in the Greek Constitution, Article 17, whereas it is stipulated that property rights cannot be exercised against the public interest.

Within this context, the Constitution imposes a restriction or deprivation of property (expropriation) for the sake of public interest, always under the prerequisite of a prior compensation of the owner.

In today’s highly competitive real estate market, investment strategies and activities must not only deliver superior returns but also meet more stringent regulatory requirements and transaction policies. At the same time, operations are under pressure to improve procedures efficiency, ensure transparency, achieve compliance and enhance decision-making.

ARENCORES PLI is an integrated application suite that automates front, middle and back-office legislation processes for investors and shareholders, including partners and service providers. To meet the increased demands of investors and simplify the processes of the Greek property law ARENCORES helps transform data into intelligence, enabling them to accelerate procedures, enhance decision making and improve return on investment, while reducing costs, uncertainties and risks.

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Greece Tax Highlights - Real Estate Focused

To attract investment and achieve compliance today’s real estate firms need a sound operating framework that provides insight on the transaction taxes and fees.

A firm’s investment and property portfolio management has a critical role in the day-to-day activity, performance, sourcing, business development and search for valuable assets. Greece Taxation Highlights is an attempt to provide an insightful analysis of the Greek tax system.

In Greece, tax collection performance lags behind the European average, while complexity and ineffectiveness are posing obstacles to fiscal consolidation.

The Greek tax system is characterised by high tax rates which do not result in the anticipated revenue. At the same time, while total annual tax revenues remain fairly stable the tax parameters are constantly changing, leading to a number of peculiarities

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Foreign Investors Choose Traditional Houses in Crete, Greece,

Chania is a key destination for foreign investors from Germany, Great Britain, Denmark, Sweden, Norway, and Austria as well as the USA and Israel, with popular destinations like Vamos, Douliana, Gavalohori and Agios Pavlos, Plaka, Almyrida, Kabia, Kokkino Horio, Kaina, Kefalas, and Paleloni being very popular.

It should be denoted that German, French, British and Belgian real estate investors prefer traditional stone buildings in old settlements.

CONTENTS:

Despite the economic crisis and diachronic indicators such as bureaucracy, tax/legal system, instability and lack of incentives, which have currently been intensified because of the increased austerity measures, Greece’s real estate sector is very promising and attractive among overseas investors.

Between the years 2013-2016, almost 650 million euros were invested in Greek real estate by foreign investors, with the emphasis given to summer houses and traditional stone-built constructions in particular. The majority of the investment funds have been directed to the island of Crete and the magnificent island complex of Dodecanese in south-eastern Aegean.

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What You Should Know About Real Estate Appraisal

The valuation procedure is a systematic process the appraiser follows to answer a client’s request about the value of a property. The magnitude of this important source of information generates an indispensable requirement for well – informed and reliable appraisals to support decision making including, real estate disposition, value estimation, marketability, and the rights inherent in ownership.

However, the appraisal process faces a number of challenges and competing priorities: a) The level of compliance for all real estate assets is increasing with new bodies, standards and regimes b) How to effectively manage risk and costs without impacting returns c) How to seize (seize upon) new opportunities in domestic or international markets d) How to harness innovation and respond to the recession of the market.

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Active Vs Passive Investents in the Real Estate Market of Chania, Crete.

We often come across the dilemma about “passive investment or active investment”; so much so that it has outgrown the need for further explanation.

When people say that old-style real estate is being “disrupted” by intelligent and sophisticated platforms such as Smart Property Sourcing and Qualitative Appraisal, it is reasonably clear that the real estate sector is not facing small-scale shaking, but rather off-the-charts seismic action that is tearing down the walls of the old-style investment approaches.

The same applies to traditional commercial or private investments, which are being disrupted by performance measurement systems, portfolio theories, tax efficiency metrics, transparency barriers and all varieties of country-dependent regulations and ever-changing market policies.

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Chania Short Term Rentals Taxes and Info

Since 1 January 2017 the income from the renting of immovable property in the context of the sharing economy is taxed in accordance with the provisions of Article 39A of Law 4172/2013.

Specifically for every tax year, income from the short-term lease of real estate in the sharing economy will be declared separately and on a centralized basis on the income tax return forms of the tax year concerned.

ARENCORES MAGAZINE - ISSUE N.7

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.

ISSUE N. 7 CONTENTS

TOURISM, REAL ESTATE DEVELOPMENT AND OPPORTUNITIES
INVESTORS WANT STABILITY IN POLITICS & TAXATION
CHANIA RENTAL PROPERTY MARKET SURVEY
REAL ESTATE PHOTOGRAPHY MIGHT BE THE MOST IMPORTANT PART OF YOUR LISTING
THE WHITE MOUNTAINS: MYSTERIOUS & BEAUTIFUL

We’re featuring stories about Chania Real Estate® in a market changing fast, as well as all that goes into finding success inside and outside of business – celebrating the deals, giving back, discovering risks and opportunities, and everything between.

Are you looking to buy or build your own home? Do you own or are you planning to sell a property? If so, then it is worth keeping a close eye on the Chania property market. By doing so, you will develop a feel for price trends and how they vary from region to region.

This is the summer edition of ARENCORES MAGAZINE. This issue focuses on the Chania real estate market with focus on the short-term rental properties and reports on the most critical trends of the market. ARENCORES MAGAZINE provides a comprehensive guide on real estate scenarios in and around Chania to facilitate property buyers and investors to discover reliable and high ROI opportunities.

The current issue covers subjects from tourism and real estate development opportunities to what
property investors want to realize in Greece before investing. Moreover, this issue is filled with expert insight on trends and issues affecting all property types in Chania.

We’re stepping up our game, talking about dynamic issues and people you need to know about and having some holistic approach along the way.

One market, different views.

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.6

ARENCORES MAGAZINE is a print and online magazine for Chania Real Estate. With news, insight and commentary, the in-depth articles found in this publication are amongst the tops in the real estate magazine space in Greece.

There are two versions: One for property buyers and investors and the other for property owners and brokers.

ISSUE N. 6 CONTENTS

WHAT YOU NEED TO KNOW BEFORE BUYING PROPERTY IN CHANIA
EXTENSIVE CHANGES A FOOT IN 2019 IN THE TAXATION OF PROPERTIES
CHANIA PROPERTY MARKET INVESTOR INTENTIONS
HOME-SHARING TOURISM DRIVING LOCAL PROPERTY MARKET RECOVERY
GOLDEN VISA, AIRBNB DRIVE GREEKS OUT OF HOUSING MARKET

In this issue, we’re doing a deep dive into the current state of the Chania Property Investors market: Where are houses currently being built, and what policy changes might encourage more development?

We’ll also take a look at the home-sharing as a property-buying option. Plus, we catch up with interior design professionals to talk design, chemistry and why storytelling matters in real estate.

This is the sixth edition of ARENCORES MAGAZINE. This issue focuses on the Chania real estate market with special edition issues and reports on the most critical trends.

ARENCORES MAGAZINE provides a comprehensive guide on real estate scenarios in and around Chania to facilitate property buyers and investors.

It focuses on current market trends for residential and commercial properties, ongoing projects, prices for land, villas and apartments, guideline values, budget highlights, rules governing property investment, investment in real estate, taxation and legal matters.

One market, different opportunities.

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.5

This issue is all about RESTful our brand-new property market data, exclusively dedicated to the Chania property market.

This ain’t for exclusively listed properties! RESTful is all about connections and interactions, with a plethora of real estate opportunities opportunities, thought-provoking content, BIG DATA analytics, and immersive experiences. This issue also goes in-depth with important information about the most critical parameters on the Chania Old Town properties.

ISSUE N. 5 CONTENTS

DEVELOPMENT PROJECTS ARE MAKING MONEY IN GREECE
CHANIA OLD TOWNHOUSES TO BUY: LESSONS LEARNED.
INTERVIEWING A CHANIA REAL ESTATE AGENT
REAL ESTATE TRENDS IN THE CHANIA PROPERTY MARKET
WHY DEMAND FOR HOTELS IN ION GREECE IS SET TO RISE?

What’s going on with the property prices in Chania, Crete? Nothing new, you might say. But a snapshot of the market reveals some curious trends, which we’re attempting to make sense of. Overall, the latest data from our statistics shows that property prices in Chania are recorded their biggest rise of the last decade last year.

This is the fifth edition of ARENCORES MAGAZINE. Are you paying close attention to the growing number of real estate investors who want to change the way properties are sold?

This issue is dedicated to the Chania property market with several articles on Chania real estate market trends, opportunities and insights. We also provide our latest research paper to facilitate decision-making for those interested in buying a property in Chania next year. Discover the unexpected with the only real estate magazine in Crete

One market, different challenges.

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.4

Discover how to navigate the Chania property market effectively and focus on critical factors for successful property investment.

ARENCORES MAGAZINE prioritizes practical guidance, offering numerous examples and questionnaires to help you streamline your investment prospects.

Our emphasis is always on actionable steps towards becoming a successful property buyer or investor, with new paradigms and survey results to assist you in making informed decisions.

ISSUE N. 4 CONTENTS

CHANIA SMALL-SIZED PROPERTIES AND BIG OPPORTUNITIES
CHANIA PROPERTIES ATTRACT MANY FOREIGNERS
ACQUISITION AND OWNERSHIP OF REAL ESTATE IN GREECE
CHANIA REAL ESTATE TRENDS
BONUS: CHANIA PROPERTY MARKET OUTLOOK 2019

In this issue, we’re examining the rising popularity of small properties and their associated opportunities. We’re also highlighting the most critical steps on the property acquisition and ownership and the importance of working with professional real estate agents.

This is the fourth edition of ARENCORES MAGAZINE. This issue is dedicated to Chania’s small properties and the associated investment opportunities. We’re doing a deep dive into the current state of the Chania property prices and we identify the most critical factors: Hidden opportunities, policy changes and taxes.

We’ll also take a look at the rise of private property investors and what they are looking for.

One market, different investors.

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.3

The third issue of the first and only Chania Real Estate Magazine – ARENCORES MAGAZINE looks back at the major real estate trends of 2017 and the risks associated.

We also review the highlights of the short-term rentals in Chania, research, and provide initiatives all designed to benefit property buyers, sellers and investors thrive. Plus, learn how to focus your property search techniques and catch up on the latest Chania real estate market news!

ISSUE N. 3 CONTENTS

CHANIA SPATIAL PLANING AND LAND USE PERMITS
FOUR CHANIA REAL ESTATE TRENDS TO WATCH IN 2018
THE TRENDS THAT WILL IMPACT BUYERS, SELLERS AND REAL ESTATE AGENTS WHO SERVE THEM
HOW NEW ENTRANTS AND PROPERTY INVESTORS ARE AFFECTING THE PROPERTY MARKET

In this issue, we delve into the highlights of short-term rentals in Chania, presenting research and initiatives tailored to benefit property buyers, sellers, and investors. Explore techniques to refine your property search and stay updated with the latest Chania real estate market news.

Okay, 2017 was quite the tease in the Chania property market. The year started out hot, only to taper off halfway through. But plenty of investors still traded their for sale signs for sold ones, and they’ll usher in the new year from the comfort of their new homes. So will 2019 bring more of the same results? How will the property market in Chania shake out in the current economic climate in Greece?

Whether you’re selling, buying or staying put, here are the 2018 real estate trends you need to know!

Be sure to download and enjoy our new issue.
One market, limitless opportunities

Our flagship publication, ARENCORES Magazine has been creating an unprecedented level of visibility to property buyers, investors and sellers of high-value properties since 2017.

All information provided in ARENCORES MAGAZINE is sourced from trusted reliable outlets, but it may be subject to errors, omissions, changes in price, prior sale, or withdrawal without prior notice.

ARENCORES and its affiliates make no representation, warranty, or guarantee as to the accuracy of any information contained herein. For an independent verification of any properties, it is advisable to consult your property adviser.

Dedicated to your Satisfaction

“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, and accessibility. But the ones that carry the most weight for us are these three: quality of life, real estate potential, safety, and the opportunity to invest in Chania.

Chania Real Estate Studies and Reports

Chania Real Estate: Market Data, Insights & Reporting.

Insights & Research

Effects on the Technology Innovations, Real Estate and Entrepreneurship in Crete, Greece.

CONTENTS:

Crete Real Estate Market and Covid19-impacts (Chania Focused)

CONTENTS:

Chania Property Market Trends - Hotels & Commercial - Tourism Investments

CONTENTS:

Chania Real Estate market Outlook 2019-2020

Chania Small Properties and Big Opportunities

Chania Property Legilsation

CONTENTS:

Greece Tax Highlights - Real Estate Focused

Foreign Investors Choose Traditional Houses in Crete, Greece,

What You Should Know About Real Estate Appraisal

Active Vs Passive Investents in the Real Estate Market of Chania, Crete.

Chania Short Term Rentals Taxes and Info

CONTENTS:

Chania Real Estate

ARENCORES ISSUE N.7

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.7

ISSUE N. 7 CONTENTS

Chania Real Estate

ARENCORES ISSUE N.6

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.6

ISSUE N. 6 CONTENTS

Chania Real Estate

ARENCORES ISSUE N.5

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.5

ISSUE N. 5 CONTENTS

Chania Real Estate

ARENCORES ISSUE N.4

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.4

ISSUE N. 4 CONTENTS

Chania Real Estate

ARENCORES ISSUE N.3

Ideas. Tips. Knowledge Sharing. Profitable Property Investments.

ARENCORES MAGAZINE - ISSUE N.3

ISSUE N. 3 CONTENTS

Dedicated to your Satisfaction

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