Building a Villa in Crete in 2026: A Budget from €800,000 for the Golden Visa

Building your own villa in Crete is not only an opportunity to create an ideal living or vacation space but also a promising investment project. With a budget starting at €800,000, such a project can meet the requirements of the Golden Visa program.

Project Budget Structure

Realizing the project requires considering many factors: from choosing a plot to final furnishing. Below is an example of a budget breakdown for a 140 m² villa:

Expense Item	Cost
Plot	€170,000
Due Diligence and Legal	€15,000
Design and Permits	€42,000
Villa Construction	€400,000
Swimming Pool	€42,000
Landscaping	€55,000
Furniture and Equipment	€48,000
Reserve	€28,000
Total Budget	€800,000

Note: This calculation is indicative. The final cost depends on the area, terrain, architectural features, and selected materials.

Example Villa Specifications

• Area: 140 m²
• Layout: 3–4 bedrooms, 3–4 bathrooms, kitchen-living room
• Extras: large terraces, swimming pool (35–40 m²), parking, landscaped grounds
• Construction cost: from €2,700 to €3,200 per m²

Investment in the Plot

Land prices in Crete vary depending on location and characteristics:

• Remote areas: from €60,000–€100,000
• Good residential areas: from €100,000–€180,000
• Sea-view plots: from €150,000–€300,000
• Premium locations: from €300,000

Important: Before purchasing, it is necessary to conduct a thorough check of boundaries, building feasibility, utility availability, and ensure there are no forestry or archaeological restrictions.

Golden Visa Program Requirements

In Crete, the investment threshold is €800,000. When building real estate for the program, it is important to consider:

• The property must have an area of at least 120 m².
• Confirmation of all payments is required.
• The legal structure of the transaction must be agreed upon with a notary and immigration lawyer before work begins.
• The total project budget does not guarantee automatic visa issuance; each stage must comply with program rules.

Implementation Timeline

The full cycle—from plot selection to final furnishing—takes between 16 and 28 months. If the plot is already purchased and the building permit is obtained, the timeline can be shortened.

Construction with AILIT Group

AILIT Group provides full support for your project, including:

• Selection and legal verification of land plots.
• Concept development and design.
• Obtaining permits.
• Construction, swimming pool, and landscape design.
• Furnishing and budget control.

Check out the AILIT Group villa project catalog and contact us for an individual calculation.

Information is for reference purposes only. The possibility of obtaining a Golden Visa depends on the specific project’s compliance with current legislation.