🌅 Why Heraklion?
Heraklion, Crete’s capital, blends ancient history with a growing real estate market. Known for its Mediterranean lifestyle, sea views, and strong tourism sector, it’s ideal for buyers looking for investment properties, holiday homes, or relocation.
🌍 Can Foreigners Buy Property in Heraklion?
Yes — both EU and non-EU citizens can legally purchase real estate in Heraklion. While the process is fairly streamlined for EU citizens, non-EU buyers may require Ministry of Defense approval for sensitive zones — but this rarely applies within city limits.
📝 Legal Process
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Get a Greek Tax Number (AFM)
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Open a Local Bank Account (optional but useful)
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Hire a Real Estate Lawyer for Due Diligence
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Use a Notary to Finalize the Sale Contract
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Register the Property at the National Cadastre
💸 Real Estate Market Snapshot
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City Center Apartments: €1,400–€2,000/m²
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Suburban Homes or Seaside Villas: €2,000–€3,500/m²
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Rural Houses (Renovation Needed): From €600/m²
Demand is growing due to digital nomads, tourism, and retirees — but prices remain below those in mainland urban centers like Athens or Thessaloniki.
🏖️ Popular Neighborhoods
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Kornarou & Lakkos: Up-and-coming, artistic, close to amenities
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Karteros & Amnissos: Beachfront, ideal for holiday rentals
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Knossos Area: Residential, quiet, with historical charm
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Pankritio & Mastampas: Local living, good value for money
🛂 Golden Visa Options
Heraklion still qualifies for the €250,000 minimum investment threshold under the Greek Golden Visa program (in 2025), allowing property buyers from non-EU countries to secure residency.
⚠️ Common Buyer Mistakes
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Not verifying property title or zoning restrictions
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Overlooking building permit status for older homes
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Assuming all properties qualify for Golden Visa
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Skipping legal support for negotiation and registration
📈 Investment & Rental Outlook
Heraklion sees high seasonal tourist flows and long-term rental potential thanks to its universities and hospitals. Yields range from 3% to 5% annually, with room for appreciation in undervalued areas.
💼 Need Help Buying in Heraklion?
From beach homes to rental investments, our Crete-based legal experts ensure your property purchase is safe, compliant, and aligned with your goals.
💬 Contact BorderlessLawyers.com
Trust our experienced team for your property acquisition in Crete. Transparent legal guidance in English, Greek, French, and Spanish — tailored for international buyers.