The Current Property Prices in Crete
While the show highlights what buyers can achieve with a $150,000 budget, the reality on the ground in Crete depends on location, condition, and proximity to the sea. In today’s market, this budget can still secure traditional village homes, renovation projects, or smaller apartments in less tourist-driven areas. In some cases, buyers may also find well-maintained properties with outdoor space or sea views, particularly when working with local expertise. For those actively considering a purchase, the currently available listings in Crete can be found here.
The Additional Costs
Beyond the purchase price, buyers should account for additional costs when acquiring property in Greece. A common rule of thumb is to budget approximately 8–10% on top of the agreed price. This typically includes transfer tax, notary fees, legal costs, and registration expenses. International buyers will also need a Greek tax number (AFM) and often grant power of attorney (POA) to complete the process remotely. While these steps may seem complex at first, working with a structured, legal-first team helps ensure that the transaction progresses smoothly and without unnecessary delays.
FAQ: Buying Property in Crete
1. Can foreigners buy property in Crete?
Yes, non-Greek buyers—including Americans and EU nationals—can purchase property in Crete without major restrictions.
2. What budget do buyers typically need?
Budgets vary, but €100,000–€200,000 remains a common range for entry-level properties, depending on location and condition.
3. Do I need a Greek bank account?
In most cases, yes. A local bank account is typically required to complete the transaction and manage ongoing expenses.
4. What is an AFM?
An AFM is a Greek tax identification number required for any property purchase.
5. Can I buy remotely?
Yes, many transactions are completed remotely using power of attorney, allowing the legal process to proceed without the buyer being physically present in Greece.
Where to Watch World’s Bargain Dream Homes
World’s Bargain Dream Homes airs on HGTV and is also available on major streaming platforms, including Discovery+ and HBO Max. Viewers in the United States can access episodes through HGTV’s network schedule or on-demand via Discovery+. As HBO Max continues its expansion across Europe, including markets such as the Netherlands, Germany, France, Italy, and Greece, the show is expected to reach a broader international audience. This accessibility reflects the growing global interest in property investment abroad, particularly in destinations like Greece, where lifestyle and affordability continue to attract buyers.