Holiday homes and immigration Crete's mild climate attracts northern Europeans who want a holiday home or residence on the island. EU citizens have the right to freely buy property and reside with little formality.On the Rights of Citizens of the Union, EC Directive 2004/58 EC (2004) EUR-Lex In the cities of Heraklion and Chania, the average price per square metre of apartments ranges from €1,670 to €1,700. A growing number of real estate companies cater mainly to British immigrants, followed by Dutch, German, Scandinavian and other European nationalities wishing to own a home in Crete. The British immigrants are concentrated in the western regional units of Chania and Rethymno and to a lesser extent in Heraklion and Lasithi.
hOlIDay homes and ImMigratIon crete's mild climATe attRacts NORTHeRn EurOpeAns whO wanT A holiday Home oR residence on the islAnd eu cItizENS Have thE righT to fReELy buy PrOPERTy ANd reSidE with liTTlE forMAlitYon thE rIGhtS Of citizenS of thE UNioN eC DirecTive 2004/58 ec (2004) eUR-lEx In tHE cities Of heraKlIon AND ChanIa tHe averaGe pRIce per sQuare meTrE of apartments Ranges from €1670 tO €1700 a gROwIng number Of reAl estatE compANies caTer mAInly to bRitish immigRaNts FollowEd By DutcH geRman scaNdiNAVIAn anD OtHeR EuRopEaN natioNaLitieS wishInG TO OWN a home In crete the bRitisH iMmIgRaNts aRE cOnceNtrATed in tHe WEstern rEgIoNal uNits oF chanIa ANd rethyMno anD to a lessEr ExteNt iN herakliON anD lasitHi