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Real Estate in Heraklion, Greece | Expat Exchange
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Real Estate in Heraklion, Greece

By Joshua Wood, LPC

Last updated on Jun 07, 2024

Summary: Expats and retirees talk about real estate in Heraklion, Greece? How do you find a home in Heraklion? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Heraklion?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Heraklion, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Heraklion to find one that suits your lifestyle and preferences. Some areas may be closer to the city center, while others may be more residential or closer to the beach. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Heraklion, such as Spitogatos, XE, and HomeGreekHome. These websites allow you to filter your search based on location, price, size, and other factors. In addition to online searches, you may also want to consider hiring a local real estate agent. They can provide valuable insight into the local market and help you navigate the process of finding and securing a rental. When you find a place that you're interested in, it's important to visit it in person before making any commitments. This will give you a chance to inspect the property and the surrounding area, and to ask any questions you may have. Finally, once you've found a place that you're happy with, you'll need to sign a lease agreement. Be sure to read this carefully and understand all the terms before signing. You may also need to pay a deposit at this time. Remember, finding a place to live can take time, so it's important to be patient and not rush the process. With a bit of research and perseverance, you'll be able to find a great place to live in Heraklion," explained one person living in Heraklion, Greece.

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What is a typical expat home or apartment like in Heraklion?

"A typical expat home or apartment in Heraklion, is often located in the city center or near the coast, offering stunning views of the Aegean Sea. These homes usually have a traditional Greek aesthetic, with white-washed walls, blue accents, and terracotta roof tiles. The interiors are often spacious and airy, with high ceilings and large windows that let in plenty of natural light. Many homes feature open-plan living areas, with a combined living room and dining area, and a separate kitchen. The kitchen is usually fully equipped with modern appliances, including a fridge, oven, and dishwasher. Bedrooms are typically large and comfortable, often with built-in wardrobes and en-suite bathrooms. Many homes also have a balcony or terrace, perfect for enjoying the warm Greek weather. Some luxury apartments may even have a private pool or access to a communal pool. Despite the traditional exterior, many homes are equipped with modern amenities such as air conditioning, heating, and high-speed internet," said one expat who made the move to Heraklion.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

Learn MoreGet Quote

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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What is the average cost of housing in Heraklion?

If you are thinking about moving to Heraklion, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Heraklion can vary greatly depending on the location and size of the property. For instance, in the city center, the price for a one-bedroom apartment can range from moderate to high, while a three-bedroom apartment in the same area can be quite expensive. Outside of the city center, the prices for apartments of similar sizes tend to be more affordable. For those looking to purchase property, the average price per square meter can also range from moderate to high, depending on the location and condition of the property," said one expat who made the move to Heraklion.

Should I buy or rent a home in Heraklion?

If you have not spent a lot of time in Heraklion, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Heraklion, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Heraklion for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. On the other hand, if you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting offers more flexibility and less responsibility for maintenance and repairs. It also requires less upfront capital than buying a home. Consider the local real estate market as well. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are stagnant or falling, it might be better to rent. Lastly, consider your financial situation. Buying a home requires a significant upfront investment for the down payment, closing costs, and other expenses. If you don't have enough savings or if you prefer to invest your money elsewhere, renting might be a better option. In conclusion, the decision to buy or rent a home in Heraklion, Greece, should be based on your personal circumstances, financial situation, and long-term plans. It's important to carefully consider all factors before making a decision," said one person in Heraklion.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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