The new trend is towards country houses in the south of Crete

The new trend is towards country houses in the south of Crete: Your Guide to Ideal Holiday Homes.

south coast of Crete near Ferma
On the eastern south coast of Crete near Ferma.

Shift in Demand

This year, there has been a noticeable change in demand patterns among property buyers. Many are moving away from areas with high tourist traffic and are seeking out locations that offer more potential for growth. This shift is largely due to the saturation seen in popular tourist destinations, resulting in a desire for more privacy among prospective buyers.

With land becoming scarce and often expensive, the final sale prices are climbing. In this context, buyers are increasingly looking towards lesser-known regions, which not only boast stunning natural beauty but also provide a sense of authenticity. This authenticity, along with lower congestion in these areas, serves as a strategic advantage for the Greek market for holiday homes over other crowded markets in southern Europe.

New Destinations

Foreign buyers are gravitating towards alternative locations that were previously considered off the beaten path. These new destinations offer unique charm and significant opportunities for investing in holiday properties. Key features sought after by buyers include homes that are independent and newly built, measuring between 70 and 95 square metres. Many of these properties come equipped with amenities such as swimming pools and outdoor barbecue areas.

These features are appealing not only for personal enjoyment but also for their investment potential. By selecting properties in areas with lower tourist density, buyers can create a peaceful retreat without sacrificing the essential qualities of a desirable location. This choice aligns with the increasing preference for homes that provide both comfort and an immersive experience in the local landscape.

Selling Prices

The price range for these sought-after holiday homes typically falls between €270,000 and €400,000. Properties within this range are attractive due to their combination of high-quality construction and desirable features. Buyers often look for options that enhance outdoor living, promoting a lifestyle centred around privacy and relaxation.

Factors such as construction quality, landscape integration, and strategic location significantly influence the selling prices. As demand rises for these properties, particularly in southern Crete, the value of well-constructed holiday homes reflects their appeal. Thus, potential buyers are advised to be prepared for competitive pricing as interest in these new destinations grows.


Frequently Asked Questions

country house in the south of Crete

What are the legal requirements for acquiring a coastal property in South Crete?

In South Crete, potential buyers must ensure compliance with various legal requirements when purchasing coastal properties. These may include obtaining a tax number, verifying property boundaries, and securing necessary permits. Additionally, it is advisable to engage a local lawyer who is familiar with Greek property laws to assist throughout the transaction.

What is the typical price range for houses in the South Crete seaside real estate market?

The average cost of homes in the South Crete area can vary considerably. Generally, properties can be found in the price range of €200,000 to €400,000, depending on the location, size, and amenities. Luxury homes and those with prime beachfront access may command higher prices.

Are non-Greek nationals allowed to purchase vacation properties in Crete, and what limitations exist?

Non-Greek citizens can indeed buy holiday homes in Crete. However, they should be aware of specific regulations that can apply, such as restrictions on purchasing land in certain zones or additional taxes. It is essential for international buyers to conduct adequate research or consult with local professionals to navigate these rules.

Which locations in South Crete are popular for purchasing a holiday home?

Certain areas in South Crete are particularly desirable for holiday home purchases. Locations such as Plakias, Agia Galini, and Loutro attract buyers due to their scenic landscapes, proximity to beaches, and vibrant local culture. Each area offers unique features catering to different preferences and lifestyles.

How does the process of buying property in Crete differ for foreign buyers?

The purchasing process for foreigners in Crete includes additional considerations compared to local buyers. International purchasers may face extra bureaucracy, such as obtaining a residence permit, opening a Greek bank account, and understanding tax obligations specific to foreign ownership. Engaging knowledgeable real estate agents or legal advisors can help ease this process.

What extra expenses should be taken into account when buying a holiday home in South Crete?

When purchasing a holiday home in South Crete, buyers should consider additional costs beyond the property price. These can include property transfer tax, notary fees, legal fees, and ongoing maintenance costs. Homeowners should also budget for utilities, insurance, and potential renovation costs if the property requires updates.

Oval@3x 2

Don’t miss the daily tips and news about Crete!

We don’t spam! Read our privacy policy for more info.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Crete Tip
Scroll to Top