Nestled on the Corinthian Gulf in Greece, Kato Almiri boasts a rich history, intertwining Hellenic traditions with its picturesque locale. This charming coastal village is known for its proximity to notable historical sites such as Ancient Corinth and the Corinth Canal. Its geographical location offers stunning vistas, harmonizing the azure waters with lush landscapes. The serene environment of Kato Almiri not only promises a retreat from the bustle of life but also teems with opportunities for those interested in owning a slice of luxury in a historically significant setting.
The Luxury Real Estate Market in Kato Almiri
The exclusive property market in Kato Almiri is currently stable, with a balanced demand and supply of luxury homes and apartments. While not as bustling as metropolitan areas, the market attracts discerning buyers seeking exclusivity and tranquility. Buyers typically pay a real estate commission of around 2-3% of the purchase price, whereas sellers usually incur a 4-5% commission. Prospective homeowners should also account for additional costs, including a transfer tax of approximately 3% on the property's value, notary fees, and potential legal costs for inspections and documentation.
Investment Considerations and Tax Information
Kato Almiri enjoys a stable political and economic backdrop, fostering a conducive environment for real estate investments. Wealth tax on private property ownership is minimal, and there are no capital gains taxes on profits from selling a main residence. However, selling a vacation home may involve taxes on profits. The corporate tax rate for registered companies stands at around 24%, while residents face progressive income tax rates starting at 9%.
Mortgage and Financing Options
To purchase a property in Kato Almiri, buyers are typically required to fund a significant portion of the purchase with their own capital, often at least 30-35%, with the remainder through mortgage financing. Mortgages are generally available for up to 70% of the property's value, though this can vary based on the buyer’s credit profile and income levels.
Prime Residential Areas and Accessibility
The most sought-after residential areas of Kato Almiri are along the coastline, where luxury villas offer breathtaking sea views. The village is conveniently accessible via the Athens-Corinth National Road, approximately a 90-minute drive from Athens. The nearest major airport is Athens International Airport, located about 110 kilometers away. Public infrastructure, including roads and amenities, is well-maintained, enhancing the overall living experience.
Education, Healthcare, and Amenities
While Kato Almiri itself is quaint with limited educational institutions, nearby Corinth provides access to primary and secondary schools, as well as vocational training centers. The region is serviced by reputable hospitals and clinics in Corinth, ensuring residents have access to quality healthcare. Kato Almiri offers a variety of luxury lifestyle shops, with high-quality dining experiences and stylish nightlife options available both locally and in surrounding areas.
Nature and Recreation
With its mild Mediterranean climate, Kato Almiri invites outdoor enthusiasts to engage in activities such as sailing, hiking, and beach sports. The landscapes surrounding Kato Almiri provide a scenic backdrop for both relaxation and adventure, with opportunities for cultural engagements at local events and museums in Corinth. The community remains vibrant, celebrating annual festivals and hosting various art and cultural exhibitions for locals and visitors alike.
Dutch 
German 
Spanish 
French 
Arabic 
Chinese 
Russian