In the first 7 months of 2025, compared to the same period in 2024, property prices in Rethymno showed the highest increase (13.3%). In Heraklion, the increase was 11.3%, and in Chania it was 10.7%.
The following charts show the fluctuations in listing prices for properties for sale over the past 15 years:
Property prices in Chania have reached pre-economic crisis levels (2010). Therefore, the price increase appears lower compared to other regional units of Crete.
Prices in Heraklion are currently at 2013 levels. As with other major cities in Greece, prices are slower to return to pre-crisis levels. In fact, Heraklion’s property market was hit hardest when the crisis emerged, as seen in the steep decline in the graph.
Property prices in Rethymno have reached 2011 levels, and seem to have room to grow further, potentially reaching pre-crisis levels, similar to what occurred in Chania.
The following charts illustrate demand fluctuations for properties for sale over the past 15 years:
The largest increase in demand was recorded in Rethymno (15.5%), followed by Heraklion (15.4%) and Chania (12.7%).
Despite the market disruptions caused by the subsidized housing programs “Spiti mou 1” and “Spiti mou 2” (which increased demand in a market with limited property availability), property demand in July 2025 reached the highest level of the past three years across all three regional units of Crete.
Conclusion:
Property prices in Chania are already above pre-crisis levels, while Heraklion and Rethymno are close to reaching those levels. Demand is also increasing and follows this upward trend.