For every client we apply a unique decision support tool in conjunction with performance reports for active asset management, allowing landlords to identify poorly performing assets and examine the options available to deliver the best outcomes for themselves and their tenants.
Whether working across rural, residential or commercial assets, our experts always tailor their services to your needs, with the main objective of achieving value for money at the forefront of their advice.
Chania’s residential market has survived two property price crashes since 2008. In the last five years, residential property prices have boomed, owing to strong economic growth and low-interest rates. The most recent data shows prices increased by more than 11.0% in the third quarter of 2022.
Price growth in Chania’s residential property market is expected to slow in 2023 after racing ahead for five years amidst a broader slowdown in the economy.
Economists note that house price increases are typically in line with the rate of GDP growth. Some experts, however, say that housing prices generally trail GDP growth by 1-2%. This was not the case in Greece between 2018-2021 due to the accumulated demand from the country’s economic crisis years, but if this is the case in 2023, then the price hikes in Greek residential real estate will be minimal.
Apartment prices rose 14.5% in the third quarter from the corresponding period a year earlier, ARENCOS’ Big Data Platform shows, and the pace was up from a 10.5% increase in the second quarter.
The uptrend benefited all areas of the real estate market, including old and newly built apartments, and all regions of Chania, although price gains in Apokoronas and Platanias led the way.
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.
|Distance to Chania Airport||14 km|
|Distance to Souda Port||6.6 km|
|Distance to Heraklion||142 km|
|Season||January-December (12 months)|
|Popular Areas||Nea Chora, Agia Marina, Agios Mathaios, Halepa, Perivolia, Sodi, Souda|
|Cost of Living||4 out of 5|
|Average Property Price||312.000 euro|
|Property Investment Potential||High|