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Kandanos Properties - Statistics 2019 (1*)
The property market in Kandanos-Selino saw a gentle recovery during the first half of 2018 (1H18), following the stable economic conditions in Greece and the positive macro-economic prospects of the real estate market in Crete. Generally speaking Kandanos’ property market is still moving at little more than snail’s pace with property sales running at just above half the rate considered normal for a healthy property market.
On the downside, huge property rate disparities, overtaxation and vague regulatory frameworks continue to hinder the dynamic of the market.
Kandanos Properties - Statistics 2019 (2*)
The selected residential and commercial property prices are harmonised as much as possible with recommendations in the EU Handbook on residential property prices, an internationally agreed framework for classifying property price issues. The series have been constructed using data provided by various sources, including national statistical offices, research institutes, private real estate firms and investment companies.
* ARENCORES is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in our platforms is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
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The study of prices actually achieved reveals that increases slowed dramatically in Chania between 2012-2017, where an affordability threshold seems to have been reached in the second half of 2016.
Price inflation has also fallen to around 12.4% in some areas but in some other areas of Chania there have been some significant increases in the same period, an indication that the property market is still wildly out of kilter.
However, the fact that price increases have significantly slowed in Crete last year, traditionally one of the country’s most expensive areas, and in Chania, where a large number of new hotels and villas are being built, is the first sign that the property market may be starting to stabilize.
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| Population | 6,700 |
| Accessibility | Easy |
| Distance to Chania Airport | 52 km |
| Distance to Souda Port | 44 km |
| Distance to Heraklion | 192 km |
| Season | April-October (7 months) |
| Popular Areas | Sougia, Palaiochora |
| Cost of Living | 3 out of 5 |
| Average Property Price | 148.000 euro |
| Property Investment Potential | Medium |
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. Chania Real Estate and 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.