Property Prices in Heraklion, Greece

Index Info
Price to Income Ratio: 17.58
Mortgage as Percentage of Income: 132.55%
Loan Affordability Index: 0.75
Price to Rent Ratio - City Centre: 35.54
Price to Rent Ratio - Outside of Centre: 37.34
Gross Rental Yield (City Centre): 2.81%
Gross Rental Yield (Outside of Centre): 2.68%
Rent Per Month
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Apartment (1 bedroom) in City Centre 412.50 € 400.00-600.00
Apartment (1 bedroom) Outside of Centre 352.50 € 300.00-450.00
Apartment (3 bedrooms) in City Centre 814.29 € 650.00-1,100.00
Apartment (3 bedrooms) Outside of Centre 666.67 € 550.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 310.06 € 278.71-371.61
Price per Square Feet to Buy Apartment Outside of Centre 272.90 € 232.26-343.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 892.14 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.42 4.30-5.00

These data are based on 75 entries in the past 18 months from 21 different contributors.
Last update: June 2024

Sources and References
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