Monemvasia - Areopoli - Oitylo

Nestled in the heart of Kythira, Aroniadika is steeped in rich history and showcases a blend of Venetian and traditional Greek architecture. As one of the island's oldest villages, it offers a glimpse into the past with its charming stone houses and narrow alleys. Key historical sights include the Byzantine churches and the Aroniadika Castle, which provide a fascinating backdrop to this picturesque locale. Situated centrally on the island, Aroniadika boasts easy access to both the coast and the more mountainous areas, offering a diverse landscape of olive groves and serene vistas.

The Current Property Market in Aroniadika

The exclusive property market in Aroniadika is currently strong, reflecting the area's increasing appeal among luxury home buyers. Demand for luxury homes and apartments is relatively high compared to supply, due to the area's unique charm and limited available properties. The political and economic situation in Aroniadika is stable, contributing to the attractiveness of investing in this market. When considering purchase costs, buyers should account for a typical real estate commission of 2% to 3% of the purchase price, while sellers often pay a similar commission rate.

Important Costs and Taxes

In addition to purchase price and commissions, buyers should be aware of additional costs, such as the transfer tax on private property, which stands at approximately 3%. Notary fees and legal costs may also apply. There is currently no wealth tax on private ownership of a house in Aroniadika. For residents selling their main residence, there is no capital gains tax, whereas selling a second or vacation home may incur taxes. Corporate taxes on profits for businesses in Aroniadika are around 24%, and income tax for registered residents ranges between 22% and 45% based on income brackets.

Financing and Mortgage Information

Securing a mortgage in Aroniadika typically requires a minimum deposit of 30% of the property price, with lending institutions able to offer up to 70% of the property's value. Prospective buyers should meet specific income requirements and demonstrate financial stability to qualify for financing.

Exclusive Residential Areas

Aroniadika is home to some of the most sought-after residential neighborhoods on Kythira. Areas such as Palaiopolis and Avlemonas are known for their luxurious properties set against a backdrop of scenic beauty and tranquility.

Accessibility and Proximity

Aroniadika is well-connected by road and is approximately a 30-minute drive from the main town of Kythira, Chora. The nearest major city is Athens, accessible by a short domestic flight. The island’s national airport, Kithira Island National Airport, provides both domestic and summer international flights, facilitating easy access to and from Aroniadika.

Educational Institutions

In the vicinity of Aroniadika, one can find reputable schools such as the Kythira Primary School and the Kythera Gymnasium-Lyceum. Higher education facilities can be accessed on the mainland, with Athens' renowned universities being a viable option for residents.

Natural and Recreational Offerings

The landscape of Aroniadika offers lush olive groves and stunning coastal views, ideal for outdoor enthusiasts. The mild Mediterranean climate is perfect for enjoying sports such as hiking, cycling, and sailing. Additionally, the area boasts a selection of luxury lifestyle shops for those seeking exclusive fashion and goods.

Hospitality and Entertainment

High-quality accommodations like Xenonas Fos ke Choros and chic restaurants like Filio Bistro offer exquisite dining experiences. Visitors can enjoy the local nightlife at charming bars and cafes, although large-scale entertainment venues and casinos are found in cities such as Athens.

Cultural and Healthcare Amenities

Aroniadika hosts several cultural events annually, including the Kythira Music Festival. Nearby museums and galleries provide cultural exploration, while the Hospital of Kythira offers healthcare services to residents and visitors alike. Public infrastructure and amenities in Aroniadika are well-maintained, contributing to the high quality of life for its residents.