Can foreigners buy property in Crete?

Can foreigners buy property in Crete?

Anyone can purchase property in here in Crete! Anyone can purchase property in Greece there are no longer any restrictions for non-EU citizens. And the purchase procedure is quite straightforward and streamlined, something you might not expect in Greece!

Are olive trees a good investment?

Starting an Olive Farm Olive farms are indeed very profitable in the mid and long term, provided the climate and the region are suitable for growing olive trees.

How much is an acre of olives worth?


Land Cost per Acre $1,000 to more than $50,000 in California
Tons per Acre – Mature Trees 1 – 6T
Pounds of Olives per Mature Tree 20lbs – 80lbs; depends on tree size, variety, pruning, year, weather, tree density, etc…
Average Sales/Purchase Price per Ton of Olives $550 – $900

How many olive trees are in Crete?

30 million olive trees
In fact, there are 30 million olive trees on Crete, which produces more olive oil than all of the Greek islands and mainland combined.

What is the cheapest Greek island to buy property?

Here are the 11 cheapest Greek islands for sale right now

  • Nafsika Island — €6.9 million (£4.9 million, $7.6 million).
  • St.
  • Northern Aegean Island — €35 million (£25.9 million, $38.6 million).
  • Dulichium Island — €40 million (£28.4 million, $44.1 million).
  • Omfori Island — €50 million (£36 million, $55 million).

How much is property tax in Crete?

Tax for civil properties is a) 9% for the first 15.000 euros and b) 11% for the rest of the amount. Then 3% of this total tax is added as municipal tax. Tax for agricultural properties is a) 7% for the first 15.000 euros and b) 9% for the rest of the amount.

How much can you make growing olives?

According to the report, olives grown for oil begin economic production by the third year. At that point, the hypothetical 110-acre orchard can net $226 per acre the first year and about $750 in the second year of production (fourth year for the trees).

Is Olive farming hard?

“If you want to grow olives, you’ve got to fertilise, water and prune to maintain the shape and health of the tree. Olive trees are tough, but one thing that can knock them out is wet feet. We normally start doing it after we’ve finished harvesting and pruning and spread it over six months.

Is selling olive oil profitable?

How much profit can an olive oil store make? Most olive oil stores make between 10 to 15 percent profit based on total product sales. The profit margin for workshops and classes are much greater.

How much olive oil do you get from a tree?

A mature olive tree will produce only 15 to 20 kilograms (33 to 44 pounds) of olives each year. Since it takes about five kilograms of olives to make a liter of oil, one tree is capable of producing only about three to four liters of oil per year—a small output by any measure.

How old is the oldest olive tree in Crete?

The Olive tree of Vouves in Crete, Greece is probably the oldest olive tree in the world and it still produces olives. It is confirmed to be at least 2000 years old based on tree ring analysis, but it’s claimed to be between 3000–4000 years old!

How old is the oldest living olive tree?

between 4,000 and 5,000 years old
Chemical analyses unveil traces of olive oil in ancient Israeli pottery. The al Badawi olive tree in Bethlehem, which researchers peg to somewhere between 4,000 and 5,000 years old, is likely the oldest living olive tree in the world.

What kind of olive trees are in Greece?

Greece is full of olive groves. The Olive Tree, “the tree that feeds the children” according to Sophocles, is the protagonist of the Greek nature and history as olive oil is the protagonist of the Greek diet. Halkidiki Olives are large pale green Greek olives in oval shape and commonly harvested while it is still young.

Is there an olive farm in Halkidiki Greece?

Halkidiki Olives are famous the world over. This small farm includes 5 kinds of olive trees, and is located adjacent to the olive oil processing plant. Read below for more details. Greece is full of olive groves.

How to buy a plot of land in Crete?

A few months ago, we visited Crete and fell in love with the beautiful South coast. Our dream was to buy either a villa or a plot of land to build. Having read previous reviews on crete4me we contacted them for their help. They were extremely helpful, knowledgeable and insightful.

Where to buy a stone house in Crete?

A two bedroom restored stone house in the lovely village of Listaros. Large plot along the river near Agia Galini with sea view. A plot with panoramic views of the mountains and the sea. A plot which overlooks the village and has beautiful sea views.