Property Prices in Heraklion, Greece

Index Info
Price to Income Ratio: 14.81
Mortgage as Percentage of Income: 111.88%
Loan Affordability Index: 0.89
Price to Rent Ratio - City Centre: 27.89
Price to Rent Ratio - Outside of Centre: 24.28
Gross Rental Yield (City Centre): 3.59%
Gross Rental Yield (Outside of Centre): 4.12%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre €574.89 450.00-950.00
1 Bedroom Apartment Outside of City Centre €442.89 350.00-700.00
3 Bedroom Apartment in City Centre €981.25 700.00-1,500.00
3 Bedroom Apartment Outside of City Centre €898.00 600.00-1,100.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre €317.42 260.13-371.61
Price per Square Feet to Buy Apartment Outside of Centre €230.40 185.80-343.74
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) €995.22
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.44 4.30-7.00

These data are based on 86 entries from 15 contributors over the past 18 months.
Last update: 20 May 2026

Sources and References
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