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Properties for Sale in Rethymno, Kriti, Greece

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Real estate in Rethymno

The region of Kriti, Greece, is a magnet for international home-buyers and investors, with Rethymno standing out as a top choice for those hunting for an idyllic home or an apartment on sale. This alluring town is located on the north coast of Crete, and boasts a beautiful blend of traditional Venetian architecture and pristine beaches. The town's stunning Venetian Harbor and Fortress, as well as the distinctive pastel-colored buildings lining the old town streets, have won it the nickname "Venetian Living Monument.” Before you get in touch with a local real estate agent, take some time to understand the real estate market in Rethymno, the kind of properties that are available for sale, and the price ranges for buying a vacation home in this distinctive location. Rethymno's real estate market is as diverse as the town itself, ranging from cozy apartments in the heart of the old town, to luxury villas with panoramic sea views. This quaint town with its mixture of historical charm and modern amenities offers potential homeowners and investors an amazing opportunity to be part of the timeless Greek lifestyle.

Rethymno properties: Market trends overview

The Rethymno real estate market has been experiencing consistent price appreciation, which makes it enticing to foreign investors and buyers, particularly from Scandinavian nations, the UK, Germany, and the USA. The stunning coastal location of Rethymno allows for a mix of relaxed living with a lively and dynamic holiday due to a variety of leisure centers and the ease of access to the bustling city of Heraklion. Rethymno has a vibrant coastal setting, rich historical legacy, and an exceptional quality of life to offer. In recent years, the Rethymno authorities have invested heavily in the town's development, providing a wide variety of property choices for domestic and overseas buyers. These options include functional contemporary townhouses, apartments, modern-style villas, traditional Greek cottages and luxury penthouses. It's easy to find a property or apartment for sale in Rethymno, Greece, that suits any budget and lifestyle preferences, making the scenic town highly sought-after by foreign buyers.

Average price of a property for sale in Rethymno

What kind of budget should you plan for when purchasing property in Rethymno, Kriti? There isn't a definitive answer due to various factors that come into play, including the property category, proximity to the historic center and beaches, available amenities, and personal preferences such as luxury features, size, accessibility, and so forth. Recent data indicates that the highest listed price for Rethymno properties was € 2,604 per square meter, found predominantly in the Rethymno Old Town area. In contrast, the most budget-friendly options, with a price per square meter averaging around €1,947, can typically be found in the Kriti suburban areas. Currently, the average listing price for a home stands at approximately €524,630.

Types of properties can you find in Rethymno

Rethymno, Greece, real estate presents a variety of property types, inclusive of condos, lavish rooftop apartments, high-class seaside villas, and classic Greek village houses. The most sought-after properties for sale are located within secure residential compounds. There are options of 3-4 bedroom condos with spacious balconies, and split-level residences are available as well. Each floor of these multi-story homes comes with its own entrance, a generously sized balcony, and a private kitchen. You might also consider buying a newly-built villa situated in a prime location in Rethymno, Greece, granting a breathtaking view of the Aegean Sea, a convenient walking distance to the beach, and an overall perfect place to reside.