Property Prices in Heraklion, Greece

Index Info
Price to Income Ratio: 15.86
Mortgage as Percentage of Income: 119.59%
Loan Affordability Index: 0.84
Price to Rent Ratio - City Centre: 33.02
Price to Rent Ratio - Outside of Centre: 34.15
Gross Rental Yield (City Centre): 3.03%
Gross Rental Yield (Outside of Centre): 2.93%
Rent Per Month
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Apartment (1 bedroom) in City Centre 430.00 € 400.00-600.00
Apartment (1 bedroom) Outside of Centre 352.22 € 300.00-450.00
Apartment (3 bedrooms) in City Centre 837.50 € 650.00-1,100.00
Apartment (3 bedrooms) Outside of Centre 708.33 € 600.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 298.45 € 278.71-371.61
Price per Square Feet to Buy Apartment Outside of Centre 256.64 € 232.26-343.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 941.54 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.42 4.30-5.00

These data are based on 80 entries in the past 18 months from 20 different contributors.
Last update: November 2024

Sources and References
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