Area report
Is it worth opening here?
Restaurants & food · radius 500 m · 1 spot
Sample, calculated 01/11/2026 · data as of 02/10/2026
The indication
1The answer at a glance: favourable, mixed or unfavourable indications for each spot, with the rule printed below.
Spot A · Heraklion (Crete)
Favourable indications
- For: The municipality has about 849 fewer businesses in the sector than the typical municipality in the region would have.
- For: The sector is growing in the municipality. Companies in 12 months: 69 opened, 33 closed.
How it's worked out: we compare residents per company within the radius with the municipality average (it counts when there are at least 25% more or 20% fewer), the municipality with the typical municipality in the region (a difference of at least 15%) and the sector's companies that opened with those that closed (a difference of at least 2). "Favourable" when two or more are in favour and none against, "unfavourable" in the opposite case, otherwise "mixed". The indication is based on residents: in shopping centres and tourist areas, footfall also comes from visitors and workers.
At a glance
Spot A · Heraklion (Crete)
- Residents within 500 m
- 8,800
35.33870, 25.13320
Here the report counts the municipality, not the circle: the circle reaches a municipality where company locations aren't yet accurate enough for street-level counting (Ηρακλείου). The circle's residents are counted as normal.
Restaurants & food in the municipality
2The sector across the municipality: how many businesses, how many opened and closed, and whether there are too many or too few compared with the region.
Heraklion (Crete)
- Active businesses
- 1,267
- Companies that opened in 12 months
- 69
- Companies that closed in 12 months
- 33
- Per 1,000 residents
- 7.07
About 849 fewer than the typical municipality in the region would have. (typical municipality: 11.81 per 1,000 residents)
Three years of companies in the sector: opened and closed
Of the 128 companies in the sector that opened here 3 to 5 years ago, 105 are still operating (82%). 85% region · country 77%.
Where Heraklion (Crete) municipality stands in its region
#20 of 24 municipalities in businesses (Restaurants & food) per 1,000 residents
For every 1,000 residents
- Heraklion (Crete) municipality
- 7.1 businesses per 1,000 residents
- typical municipality
- 11.8 businesses per 1,000 residents
The sector is about 1.7 times sparser than in the typical municipality in the region: less competition, perhaps also less demand.
The municipality figures carry a little deliberate noise to protect the data, and very small numbers are shown as "at least". Closures mainly count companies.
Risks and restrictions
3What applies to the spot itself: burnt land and zones with no new short-term lets.
| Risks and restrictions | Spot A |
|---|---|
| Burnt land since 2000 | None since 2000 |
| Zone with no new short-term lets | No |
| Seismic hazard (ground acceleration, 475 years) | 0.35 g |
| Nearest mapped active fault | 2.5 km (Vasilies) |
| Earthquakes 4+ within 25 km since 1998 | 28 · the strongest 6 (27/09/2021) |
Indicative scientific information, not a building inspection; for a property, what counts is the engineer's study and the current seismic code. Sources: ESHM20 (EFEHR, Danciu et al. 2021), NOAFaults v7.0 (National Observatory of Athens), USGS earthquake catalogue.
Property prices in the municipality
| Apartments | €1,335/m² · 18 deeds in 2026 | +37% in one year |
|---|---|---|
| Detached houses | €552/m² · 13 deeds in 2025 | -4% in one year |
| Plots | €182/m² · 20 deeds in 2026 | -48% in one year |
Median declared price per m² from the Property Transfer Values Registry (AADE, the Independent Authority for Public Revenue), only where there are at least 10 deeds. It is a sample of declared prices, not every sale, and not a measure of demand.
What this report doesn't tell you
- What rent shops in the area are asking
- How many people pass the spot and at what times
- Residents' income and age
- How good the competitors are: quality, prices, reviews
- The names of sole proprietorships, which we don't publish as they are personal data
Before you sign: look at shop listings for the rent, visit the spot at peak hours and talk to your accountant about the numbers.