Development The construction sector in Crete responded well during the pandemic and has come out strong in the post-recession recovery period. Total construction spending recovered and is expected to peak a record high (approximately 8% higher than 2019 average levels) signalling consistent expansion in construction projects and real estate investments in Crete. The evolution of the private sector in Crete is tightly linked with the demand for tourism-related investments. Moreover, the recovery of the tourism sector is expected to lead to further growth in housing prices and rental demand.
development the construction sector in crete responded well during the pandemic and has come out strong in the post-recession recovery period total construction spending recovered and is expected to peak a record high (approximately 8% higher than 2019 average levels) signalling consistent expansion in construction projects and real estate investments in crete the evolution of the private sector in crete is tightly linked with the demand for tourism-related investments moreover the recovery of the tourism sector is expected to lead to further growth in housing prices and rental demand