Investment Property in Heraklion

Invest in Real Estate in Heraklion

Investment Property in Heraklion
Investment Property in Heraklion

Heraklion property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Heraklion .

Search Map of Heraklion Investment Real Estate

Heraklion or Iraklion ( hih-RAK-lee-ən; Greek: Ηράκλειο, Irákleio, pronounced [iˈraklio]) is the largest city and the administrative capital of the island of Crete and capital of Heraklion regional unit. It is the fourth largest city in Greece with a population of 211,370 (Urban Area) according to the 2011 census. The population of the municipality was 177,064.

The Bronze Age palace of Knossos, also known as the Palace of Minos, is located 5.5 km (3.1m) southeast of the city.

Heraklion was Europe’s fastest growing tourism destination for 2017, according to Euromonitor, with an 11.2% growth in international arrivals. According to the ranking, Heraklion was ranked as the 20th most visited region in Europe, as the 66th area on the planet and as the 2nd in Greece for the year 2017, with 3.2 million visitors and the 19th in Europe for 2018, with 3.4 million visitors.

The financial stability of Heraklion has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.


Buy to Rent in Heraklion


Renting out your Heraklion buy-to-rent investment property can grow wealth and income.


Whatever your goals with investment property in Heraklion are – preparation is key.


  • Set goals based on how much rental yield will be required and the local rental yield rates in Heraklion and be prepared to change your initial outlook.
  • Thoroughly research the Heraklion location with a special emphasis on fringe areas outside the main Heraklion metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Heraklion.
  • Ensure that your target investment property in Heraklion appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.


With our expert guidance, investing in Heraklion provides the secure knowledge that your money is working harder than it would in a local Heraklion bank and that future generations of your family will be left with substantial capital growth assets.


We are always happy to advise on buying investment property in Heraklion, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Heraklion property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Heraklion

Flipping property in Heraklion


Flipping property is when we advise clients to buy a Heraklion property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Heraklion market has a time to react to the renovation.


The Flipping Strategy in Heraklion


Investment property flipping in Heraklion is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Heraklion real estate investments are sometimes referred to by professionals as ‘distressed’ Heraklion real estate.


What is distressed Heraklion property:


  • Heraklion property in need of renovation
  • Heraklion real estate with a change of purpose and use
  • Oversold Heraklion property
  • Bank repossessions in Heraklion

Put simply, long term investors in Heraklion purchase the property, renovate it and make it a lot more attractive to potential buyers.


Calculate profit that you make from Heraklion investment property flipping:


Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Heraklion property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000


Experienced property developers in Heraklion use a minimum profit value of 22% when looking at potential Heraklion projects.


The reason for this is because there are lots that can go wrong in Heraklion property flipping and working on a potential margin of 22% should still leave a good margin of error.


Invest through a Fund in Heraklion


Property Secured Investments is a Private Equity fund that invests in Heraklion and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Heraklion

For luxury property investors hoping to add a superb property in Heraklion to their luxury real estate investment portfolio, Physis Realty is a trusted partner.


A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Heraklion, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Heraklion should be entrusted to only the highest-quality agency.

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