Cheap property on Crete: It’s not a dream. With properties available under €60,000, which is less than £55,000, buyers can have the best of all worlds as there are also many commercial and business opportunities. Properties on Crete have increased gradually, whilst those of other European destinations have endured wild fluctuations. The steady prices are indeed one of the best things about the Greek property market, with an established local and international property market. The Greek property market has shown a small downturn of 1.5 per cent year on year, which means it, has performed well amidst the other European property markets. It is a great improvement on the UK market, which comes in with a downturn of 16.5 per cent year on year.
While it is true that there is no longer the same level of choice in low budget homes on Crete, nevertheless there are lots of cheap properties available if buyers look hard. This is a good time for those who wish to relocate to Crete, one of the most popular Mediterranean islands. Contact me if you want to know more.