Property Prices in Heraklion, Greece

Index Info
Price to Income Ratio: 15.37
Mortgage as Percentage of Income: 115.85%
Loan Affordability Index: 0.86
Price to Rent Ratio - City Centre: 34.53
Price to Rent Ratio - Outside of Centre: 30.03
Gross Rental Yield (City Centre): 2.90%
Gross Rental Yield (Outside of Centre): 3.33%
Rent Per Month
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Apartment (1 bedroom) in City Centre 450.00 € 400.00-500.00
Apartment (1 bedroom) Outside of Centre 358.75 € 320.00-400.00
Apartment (3 bedrooms) in City Centre 841.67 € 700.00-1,000.00
Apartment (3 bedrooms) Outside of Centre 725.00 € 600.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 320.51 € 278.71-371.61
Price per Square Feet to Buy Apartment Outside of Centre 230.40 € 185.80-343.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 964.62 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.42 4.30-5.00

These data are based on 79 entries from 18 contributors over the past 18 months.
Last update: 12 May 2025

Sources and References
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