general

Greece Bears Europe's Heaviest Housing Burden as Crete Rentals Surge

Friday, 3 July 2026/Source: Haniotika Nea/1 min read

Greece has the highest housing costs in Europe, with households spending an average of over 36% of their income on accommodation expenses, according to Eurostat data. This cost burden has driven significant increases in short-term rental prices across popular destinations, including Crete. Visitors planning trips to the island should expect accommodation rates to remain elevated compared to other European destinations. Booking well in advance is advisable, particularly for summer travel between June and September when demand peaks. Budget travelers may find better value in smaller villages inland or in less-touristed areas of eastern Crete, where prices tend to be lower than in resort hotspots like Heraklion, Chania, and Elounda.

Read original article → Haniotika Nea