Am looking to buy a house with a view to moving to Crete. Yay! Have just retired and thinks it’s probably a better investment than just sitting in the bank. Any advice on Estate Agents? I’ve emailed one about a property and they haven’t replied. Should I give up on that one? Is there one that people recommend?
I have given a lengthy reply to another recent post about following their dream to come and retire in Crete.
The essence of my reply was, as a Brit there are only 4 months left before the UK is fully independent from the European Union – #Brexit. The important point is that to gain any true benefit, you have to be resident with a permit before December 31, 2020. The conditions of residency for an EU national and a non-national are simply staggering and difficult for many regular Brits on the basis of the cost of doing so after Brexit. This applies to the whole EU not just Greece. Ireland is the exception due to its links with Britain that are both historical and pre-date the forming of the EU.
Just to remind you how Crete works administratively.
There are four prefectures Chania, Rethymnon, Heraklion and Lassithi.
Life and activities are very much focussed on the one you wish to be in.
Professionals tend to be most active and knowledgeable of the prefecture they are registered in too.
What I am trying to explain is that you have to define where you seek to live, and we will then try to suggest possible good estate agents. They too generally specialise in their surrounding area in the prefecture they have their business. Although that is not always the case, especially since the Greek government liberated where professionals can practice and obtain licences, etc several years ago. But traditions and habits die hard.
By the way, Crete time is not UK time. But be polite and persistent and contact your realtor again. OK?
Hope that helps in the first instance, as you are retired as well.
The Greek economy is in tatters as a result of the virus and demand for properties is at risk of falling if Brexit cuts off the flow of British buyers. Crete’s a great place to be (as long as things don’t go wrong) but if you’re looking for an investment rather than a home it might not be a good option.
There was a rapidly inflating property bubble before the financial crisis a decade or so ago but that bubble subsequently deflated and from my casual observations of the market prices seem to have stagnated for a long time. But perhaps I’m wrong, I don’t pay much attention to the housing market.