Ekali, nestled in the northern suburbs of Athens city, is a place that exudes natural beauty and rich Grecian history. A popular residential area for celebrities and affluent locals, Ekali is famed for its lush greenery, peaceful surrounds, and imposing villas. Historically an ancient deme, Ekali has many archaeological sites and monuments showcasing its rich past. Dynamic yet rooted in its traditions and history, Ekali is strategically located, offering quick and easy access to the capital's vibrant city life, yet a preserved, calm ambience within its confines.
Exclusive Property Market in Ekali
The exclusive property market in Ekali is substantially stable with a strong demand for luxury homes. This demand is significantly met with an array of exclusive properties, appealing villas, and opulent apartments available. The political and economic situation in the area remains stable, further encouraging prospective buyers.
Key Considerations in Property Transactions
Buyers and sellers in the Ekali market usually pay an average real estate commission of around 2% and 3%, respectively. When purchasing a luxury home, additional costs such as the transfer tax, notary fees, potential legal costs, and any inspection charges should also be considered. In Ekali, the transfer tax on private property is typically around 3-4%.
Tax Implications
Wealth tax on private home ownership varies depending on property value. Residents must pay tax on the profit made from selling a home, regardless of its status as a main residence or vacation home. The corporate tax on profits for registered companies in Ekali is 24%. The income tax for registered residents varies but can reach up to 40% for higher income brackets.
Mortgage Requirements
Mortgage lender criteria in Ekali typically require a minimum down payment of 20-30% of the property's value. The maximum mortgage available usually depends on the buyer's income, credit score, and other financial considerations.
Exploring Luxurious Ekali
The most sought-after residential areas are central Ekali, with luxury properties offering amazing views and pristine gardens. The area is easily accessible by road, being linked to the Attiki Odos and Kifissias Avenue. Ekali is just 20 kilometers from Athens' city center and near Eleftherios Venizelos International Airport.
Quality of Life in Ekali
Home to top-tier schools like Doukas and Campion School, and close to renowned universities, Ekali offers excellent education options. The verdant landscape of Ekali, with its quaint parks and inviting climate, encourage outdoor activities like cycling and hiking. For luxury shopping, Kifissia is just a short drive away.
Nearby Amenities and Attractions
Top-notch amenities and facilities like paidakon and OAKA stadiums, famous hotels like Theoxenia Palace, and high-quality restaurants, contribute to Ekali's upscale lifestyle. The area boasts prestigious nightclubs and entertainment options, and is home to well-known cultural events like the Ekali Spring Festival. With renowned art venues like the Goulandris Museum of Natural History nearby and exceptional healthcare services offered through hospitals such as Hygeia and Mitera, Ekali offers a high-quality lifestyle amidst its serene surroundings.
Public Infrastructure
Ekali's municipal services, public infrastructure, and amenities are commendable, further adding to its appeal as a desirable place to live and invest in. The solid waste management, water supply, and environmental projects demonstrate Ekali's commitment to better living and sustainability. Furthermore, the area is actively developing parks, cycle lanes, and pedestrian routes, promoting a greener and healthier lifestyle for its residents.