6 Options For Property Investing In Greece + A Big Bonus
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Read moreCrete is a Greek island located in the Mediterranean Sea. It is the largest among Greece’s nearly 6,000 islands, at 161 miles long by 37 miles wide. Crete is thought by many to be one of the most beautiful locations in Greece, if not the entire world. The island offers a lot for both tourists and residents, including sunny, sandy beaches, and hospitable people.
Most all of the tourist areas and cities in Crete will have an abundance of shop owners who understand and speak English. Even the lesser traveled areas on the island will have English speakers scattered around and if not, the locals are easy to work with and can help you with whatever you need.
The island is known for having excellent infrastructure. Many of the cities on the island have been developed around tourism and thus have developed high level infrastructure to match, including nicely paved roads and walking paths.
Many businesses and homes in Crete have installed solar panels, helping to alleviate many of the electrical infrastructure issues facing other islands around the world.
You have a few different options for getting here, whether you are coming from mainland Greece or another country.
Crete has three airports. Heraklion Airport (HER), Chania Airport (CHQ), and the Sitia Airport (JSH). All are international airports but Sitia is smaller than the other two. Heraklion Airport benefits from regular busses between the airport Eleftherias town center. Chania Airport has a bus service but it is less frequent and a taxi is usually the best option. Expect to pay around 15 euros. Sitia airport has no bus service andis a 10 minute taxi ride from the town center.
Another option is by boat or ferry. For international travelers, there are often cruises that tour the Mediterranean and stop on the island, in places like Souda, where you can easily explore Crete’s second largest city, Chania. Ferry services are widely available to all of the main towns on the island.
Here is the monthly budget for a retired couple living in Chania, Crete, Greece:
Expense | Monthly Cost | Notes |
---|---|---|
Rent | € 400 | Unfurnished, two-bedroom apartment. |
Gas | € 30 | For cooking. |
Transportation | € 70 | Bus/metro pass for two, occasional taxi. |
Electricity | € 50 | A/C usage. |
Water | N/A | |
Telephone | € 35 | |
Internet | € 15 | Bundled with TV |
Cable TV | N/A | Bundled with Internet |
Groceries | € 250 | Basic items for couple. |
Entertainment | € 210 | Social outing, 8-30 euros p/person |
Total | € 1,060 | US$1,178 |
Click here for currency conversion at today’s exchange rate.
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© 2008-2021 - Live and Invest Overseas - All Rights Reserved.