In brief
Crete is Greece's strongest tourist market, and it is still growing: 6.6 million visitors in 2025, forecast to reach 11 million by 2030 [1]. Creta Hills lets you invest in that market through a turn-key hotel residence in Rethymno that you own outright, operated alongside the 5-star RG Village Crete, with a fixed return of 5–6% for the first three years or a performance-based return of up to 10%.
Why Crete
Crete earns around 22% of Greece's tourism receipts and the highest spend per visitor of any Greek region [2]. A new international airport at Kastelli and the BOAK highway along the north coast are under construction, and both will add capacity to a market that is already full in season.
Read more: why invest in Crete.
Why Rethymno
Within Crete, Rethymno combines authentic character and high-caliber visitors with limited overdevelopment. Short-term rental occupancy in Rethymno reached 70% in 2025, up four points in a year [1].
Read more: investment property in Rethymno.
The project
Creta Hills is a development of 70 hotel residences under construction in Nea Magnisia, Rethymno, built in four phases. Prices rise with each phase:
- Phases 1 and 2, the first 14 residences: €290,000.
- Phase 3, 8 residences: €315,000.
- Phase 4, 48 residences: €350,000.
Phase 1 is under construction now. See the project and the master plan.
The residence
Each residence has two bedrooms, two bathrooms, 100 m² in total, a private heated pool and solar energy, and is delivered fully furnished and equipped, with no further investment required from the buyer.
See the luxury residences and the gallery.
How the investment works
Creta Hills runs on the hotel residence model. You own the residence outright and can use it for up to 30 days a year; for the rest of the year it is let and operated by an independent management company working in collaboration with RG Village Crete. You choose one of two return models.
Guaranteed Model
A fixed annual return of 5%, 5.5% and 6% over the first three years, paid regardless of occupancy.
Dynamic Model
A performance-based return of up to 10%, depending on seasonal occupancy.
Owners who waive their 30 days receive an additional month of returns. See how it works, the investment model and the returns calculator.
Projected returns are estimates based on current assumptions and do not constitute a guarantee of future performance. Actual results may vary.
A 5-star resort next door
RG Village Crete is built, running and receiving guests. Its pools, spa, restaurants and staff are a short walk from the residences, and the operation of Creta Hills is linked to it. That is why an owner here does not carry the risk of an operation that does not exist yet.
See RG Village Crete and services and privileges.
Buying
Buyers from abroad can purchase property in Greece. The process runs through a Greek tax number, a bank account, an independent lawyer, a contract signed before a notary and registration with the land registry.
See how to buy property in Crete, or contact us to arrange a call or a visit.
