Should I Buy a House in Chania, Crete?

Buying a house in Chania, Crete? Important things to put on your checklist.

Are you contemplating, “Should I buy a house in Chania, Crete?” Purchasing a home abroad is a significant decision that requires careful consideration. How do you determine if buying a home is the right choice for you?

In this guide, we will help you identify key signs that indicate you might be ready for homeownership. Additionally, we’ll address some of the most frequently asked questions that prospective home buyers in Chania, Crete often have before beginning their search.

Should I Buy a House in Chania, Crete - ARENCORES Real Estate
Should I Buy a House in Chania, Crete - ARENCORES Real Estate

How To Know If The Answer To “Should I Buy A House?” Is “Yes”.

Why Owning a Home in Chania, Crete Might Be the Right Move

Owning a home abroad is a significant decision that brings additional responsibilities, concerns, and obligations. However, being a wise decision-maker and a savvy property investor can make this endeavor meaningful and worthwhile.

Assessing Your Objectives

Before you start searching for a property or decide to buy a house in Chania or any foreign country, it’s essential to be clear about your objectives.

The primary question should be whether you’re buying a home in Chania primarily as an investment asset or as a lifestyle choice aimed at enhancing your life satisfaction and overall well-being.

Urban vs. Rural Living

Chania offers diverse living environments, from vibrant urban settings to serene rural landscapes. Consider the following:

  • Urban Convenience: Do you prefer a pedestrian-friendly, walkable city where you can live downtown without needing a vehicle?
  • Rural Tranquility: Are you drawn to the isolated beauty of areas like Akrotiri, Kissamos, Apokoronas, or Platanias?

Ask yourself:

  • Is owning and driving a car in Chania practical for you?
  • Do potential security concerns in isolated locations worry you? Personal security is a core element of well-being, and in Chania, about 88% of people feel safe walking alone at night, higher than the OECD average of 68%.
  • Would you feel safe walking alone at night? Greece’s homicide rate is 0.8 (Crete 0.6), lower than the OECD average of 3.7, indicating a relatively safe environment.

What matters the most ?

Building a Community

A strong social network can provide emotional support, and access to activities, services, and other opportunities. In Chania, 89% of people believe they have someone they can rely on in times of need.

A weak social network abroad can lead to limited social opportunities, lack of contact with others, and feelings of isolation. Socially isolated property owners might struggle to integrate into society and fulfil personal aspirations.

Establishing Equity

Paying a mortgage can feel similar to paying rent, but there’s a crucial difference: building equity. Every month, a portion of that house, villa, or apartment in Chania becomes your financial asset.

Over time, this equity can generate more wealth and capital, making homeownership a significant financial advantage.

Making the Right Decision

Buying a home in Chania, Crete, is a decision that requires careful consideration of various factors.

By understanding your priorities, assessing the urban vs. rural debate, building a community, and focusing on equity, you can make an informed choice that aligns with your long-term goals and lifestyle preferences.

Urban or Rural Properties - Chania Real Estate Experts
Urban or Rural Properties - Chania Real Estate Experts
aremcores abstract

Can you really afford to buy a house in Chania, Crete?

There is a plethora of things to consider when deciding if you can really afford a house. For example, you’ll need a significant amount of money to invest for your down payment and closing costs. Most property buyers in the Prefecture of Chania put anywhere from 5 to 15 percent down, and at closing, you can expect to spend about 2 to 6 percent of the property sale price.

Moreover, consider monthly utility payments and ongoing property management costs. In addition to the standard costs, you’ll have homeowner’s insurance, property taxes and loan insurance. Repairs and maintenance costs will vary widely, but you can expect to spend around 0.5 -1.0 percent of the home sale price every year—and more if it’s a fixer price from a property management company.

You can discover mope in our Property Buying Gude or learn what taxes are associated with the real estate transactions in Greece.

Even with all that info, it can be difficult to do a side-by-side comparison of home ownership costs with your current property costs in your home country.

You've Found a Neighborhood You Love!

When you own a home, you’re committing to living in one location for a while. In a recent Chania Real Estate survey, we found that eight out of ten respondents said finding the right neighborhood in Chania was equally, if not more, important than finding the right house.

Many respondents mentioned they’d overlook property features—like swimming pools, storage space, a garage, or a spacious garden—in exchange for a great neighborhood and easy access to the beach.

Indeed, homeowner joy and satisfaction rely heavily on where that home is located. A great way to understand what it’s like to live somewhere before you commit is by reviewing our “Living in Chania” guide.

When you find a place in Chania, Apokoronas, Akrotiri, Kissamos, Agia Marina, Platanias, or Palaiochora that you can’t wait to call home, you’re ready to start looking for the ideal property there.

Chania Real Estate Magazine - ARENCORES


Stay updated with the most recent developments and insights in the Chania real estate market with ARENCORES Magazine. Our publication offers comprehensive coverage of market news, trends, and analyses, helping you make informed decisions and stay ahead in the dynamic real estate landscape of Chania.

Empowered Together

With services, insights,data and know-how that span every dimension of the real estate and construction market of Chania, Crete, we design and deliver solutions for clients of every size, budget and preference.

Whether you’re a first-time buyer, seasoned investor, or property owner looking to design, renovate, build or sell, our team at ARENCOS is dedicated to delivering excellence in every aspect of your real estate and construction journey.

ARENCORES is the real estate division of ARENCOS, an architectural and engineering firm specializing in biophilic and sustainable design in Crete. As the real estate arm of Arencos, ARENCORES leverages the firm’s expertise in innovative and eco-friendly design principles to offer clients comprehensive real estate solutions.

Creating the real estate solutions of tomorrow

Understanding Property Purchase Costs in Greece

This guide is tailored for individuals contemplating the purchase of a residential property in Greece. While particularly beneficial for first-time buyers, even seasoned property investors can gain insights into the evolving buying process by understanding its key steps.

Greek Real Estate Taxation

The following section outlines the primary taxes and key considerations pertaining to the acquisition, ownership, and disposal of real estate assets in Greece. It focuses on residential, commercial, and investment properties, providing essential insights into taxation.

Residence Permits & Greece Golden Visa

This section addresses all potential questions regarding eligibility for the Greek Golden Visa program and details the procedure for obtaining a residency permit.


The materials presented in the Greek Real Estate Data Sources and Research (REDS) guide are distributed by ARENCORES – Chania Real Estate as an information source only. While every effort has been made to ensure the accuracy and completeness of the information, no guarantee is given nor responsibility taken for errors.

As the information is for general use and not intended to serve as advice, no warranty is given in relation to the accuracy, reliability, or appropriateness of any information. The information does not constitute professional advice and should not be relied upon as such. Users are therefore encouraged to consult with their chosen professional advisers before making any decision.

We do not accept any liability for any loss or damages arising from the information or advice provided on this website or incorporated into this website by reference, or which is incurred as a result of the use of, or reliance upon, the information and advice contained on this website.

Dive into Greek Real Estate Data Sources and Research (REDS), an encompassing resource delving into the intricate nuances of Greek Property Law, Property Ownership, Real Estate Rights, and the Hellenic Cadastre registration process.

This comprehensive guide not only elucidates these fundamental concepts but also addresses crucial gaps in understanding associated liabilities for buyers, sellers, and real estate investors, offering insightful paradigms and invaluable tips.

Innovation and Intelligence

In 2014, ARENCOS established ARENCORES to facilitate property buyers’ decisions and holistically research the risks and opportunities of the Chania real estate market. Working closely with property investors, buyers and sellers ARENCORES provides professional, scientific and technical services dedicated to the Chania property market.

ARENCORES’ Chania Estate Agency services are dedicated to simplifying the understanding of the relationship between real estate intelligence, achievement and innovation.

RESTful Platform

Our RESTful platform – Chania Estate Agency consultancy – operates on a fee-for-service basis. Whether you require advice on engineering and architectural matters, inquiries at the Land Registry office (Ypothikofilakeio), dedicated property pricing valuation, or a re-evaluation of your current real estate needs, we are here to assist you.

Additionally, you may simply want to incorporate ARENCORES’ Chania Estate Agency services into your property management, long-term rental strategies, marketing efforts, or sales process.

iPRO Platform

Introducing iPRO, our state-of-the-art platform featuring exclusively curated properties for sale in Chania, listed nowhere else. Each listing comes with all necessary documents meticulously organized to guarantee a seamless process, streamline decision-making, and ensure a successful property transaction.

To gain access to this innovative platform, prospective clients are required to sign an Engagement Letter along with providing a copy of their valid ID or Passport. Experience the pinnacle of real estate selection and transaction efficiency with iPRO.

Valuation & Advisory Real Estate Services in Chania

We provide uniquely informed perspectives on real estate valuations and property consulting, leveraging rich data from the Chania real estate market and delivering consistent, reliable service.



ARENCORES: Looking Beyond The Obvious

Unlock the value in every dimension of your real estate in Chania, Crete. Using Big Data Analytics and Advanced research, we provide bespoke real estate services that drive superior outcomes.

Knowledgeable, transparent and tailored real estate advice.

It’s unrealistic to expect a property developer to possess expertise in every aspect of a real estate project. At ARENCORES, we recognize this and offer specialized services to meet diverse needs.

We distinguish ourselves from traditional real estate agents by prioritizing comprehensive solutions over simplistic promises. Instead of merely focusing on high sales prices and basic marketing, we emphasize accuracy and strategy in pricing to ensure successful outcomes for buyers and sellers.

With nearly 15 years of experience in the Chania property market, we bring extensive industry knowledge to the table. Our research-driven approach considers current market conditions and pricing objectives, ensuring practical expectations and realistic budgets for our clients.

Our Property Marketing strategy, “List to Sell,” is designed to align with market dynamics and pricing goals, facilitating successful real estate transactions. Additionally, we understand that needs may vary, so we offer a range of professional services tailored to your requirements:

1. Master Agent: ARENCORES oversees all aspects of property management, marketing, and sales channels.

2. My Agent: A dedicated agent exclusively works on your property and project sales.

3. Consultancy: We offer fee-for-service pricing and marketing strategy consultancy to address specific needs and challenges.

Invest, Finance & Value

As a property development and investment firm, our experience has helped us perfect how to maximize returns of investments by spotting the marginal gains in the Chania real estate market. 

Compare listings