Crete: Interest from Israel and China in Cretan properties
Stagnation on sales, but strong interest, mainly by large Israeli - Chinese companies in terms of future purchases, presents the real estate market in Chania and the rest of Crete.
At the same time, the prices for lands and old houses have made significant reductions and especially abroad a further decline to practice seems to be expected in order for interest in purchase to be developed.
"In terms of Chania region we observe that the interest of foreigners has grown, however, still remains at a literary level as the prices are expected to fall." says at the newspaper "Haniotika Nea" Mr. Giannis Kriaras, Manager Director and CEO of "Ktimatoemporiki Crete SA" real estate company, which acts in Greece and the offices are based in Chania.