Belonging now the European Union has made rather simple in buying real estate in Greece for EU nationals and they began to buy. At first it was a few people here and there. Subsequently, people have passed the word: Crete is a good place to live . They gradually began to flow and have even resulted in some areas a real explosion in real estate . It is therefore not surprising that prices have increased by a non-negligible ... the order of 20% per year which made real estate very attractive in terms of investissementt.
demand in real estate has not been maintained only by foreigners: up to 15 years there are still few Cretans had a car (they were too expensive). Then, almost at once, certain fees were abolished, and inflation has declined making stamped and bank loans at low rates possible and in the next 10 years car owners have tripled (it is estimated ... at least what it appeared). With cars, coming and going were possible and more and more city dwellers have begun moving into rural areas and to build large modern houses. Some villages like Kounoupidiana (on the Akrotiri peninsula) or Daratso and Galatas (west of Chania) are becoming real suburbs of Chania and prices have risen very quickly in these areas. So now people are looking a little further a field as the car journeys are becoming more accepted.
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