Athens, the heart of ancient Greece, is known for its rich history and historical sights such as the Parthenon, the Acropolis, and the Temple of Olympian Zeus. Nestled in the southeastern part of mainland Greece, Athens has transformed into a modern metropolis while preserving its majestic past. The city’s unique geographical location provides stunning views of the Aegean Sea and offers a convenient gateway to the Greek islands. With a population of approximately 3 million, Athens blends historical charm with contemporary living.
Luxury Real Estate Market in Athens
The exclusive property market in Athens is currently strong, driven by growing demand that slightly outpaces the available supply of luxury homes and apartments. Buyers are attracted by the stable political and economic situation, alongside Greece’s favorable tax regime for foreign investors. When purchasing property, both buyers and sellers typically pay an average real estate commission of around 2-2.5% of the transaction value. Additional costs include a transfer tax of 3%, notary fees, potential construction inspections, and legal costs.
Prime Residential Areas
Some of the most sought-after residential areas in Athens include Kolonaki, Kifisia, Glyfada, and Vouliagmeni. These neighborhoods offer a mix of opulent villas, upscale apartments, and exceptional amenities. Kolonaki, for instance, is known for its neoclassical buildings and proximity to luxury boutiques, gourmet restaurants, and major cultural institutions.
Accessibility and Transportation
Athens is well-connected by road and rail, making it easily accessible from other parts of Greece and Europe. The city is approximately 300 km from Thessaloniki, Greece’s second-largest city. Athens International Airport, Eleftherios Venizelos, is located about 35 km from the city center, offering both national and international flights.
Education and Training Institutions
Athens is home to several prestigious educational institutions, including the National and Kapodistrian University of Athens, Athens University of Economics and Business, and the Athens School of Fine Arts. There are also numerous international schools and specialty training centers catering to expatriates and locals alike.
Living Environment and Climate
The environment surrounding Athens is characterized by beautiful landscapes, including lush hills, the Saronic Gulf coastline, and the iconic Mount Lycabettus offering panoramic city views. The Mediterranean climate provides warm, dry summers and mild, rainy winters, making it an ideal location for outdoor activities throughout the year.
Sports and Recreation
Athens offers numerous sporting and outdoor activities, from sailing and golfing to hiking and tennis. The city is well-known for the Athens Marathon, a historic sporting event that attracts participants from all over the world.
Shopping and Luxury Lifestyle
Athens boasts a variety of luxury shopping destinations, including Ermou Street, Attica Department Store, and the upscale boutiques in Kolonaki. Here, one can find high-end fashion brands, exclusive jewelry, and designer items.
Entertainment and Dining
Athens features a vibrant nightlife with well-known establishments such as the luxurious Hotel Grande Bretagne, the Michelin-starred restaurant Spondi, and the renowned nightclub Island Club Restaurant. The city’s cultural calendar is filled with events like the Athens Festival, which includes performances at the Odeon of Herodes Atticus.
Museums and Cultural Venues
The city is rich in cultural heritage, with famous museums and galleries like the Acropolis Museum, the National Archaeological Museum, and the Benaki Museum. The National Theatre of Greece offers high-quality performances, showcasing both classical and contemporary works.
Healthcare and Infrastructure
Athens is equipped with top-tier healthcare facilities such as Hygeia Hospital, Metropolitan Hospital, and Evangelismos Hospital, providing comprehensive medical services. The city’s public infrastructure is well-developed, offering reliable public transport, amenities, and modern conveniences, ensuring a high quality of life for its residents.
In summary, living in Athens offers a blend of rich history, luxurious lifestyle, and modern conveniences, making it an ideal location for purchasing a luxury home. Whether you are seeking an opulent residence, excellent education, vibrant culture, or superior healthcare, Athens has something to offer for everyone in the luxury real estate market.
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