Nestled in the scenic Peloponnese region of Greece, Kokkoni boasts a rich history that dates back to ancient times. This charming village is located within the municipality of Velo-Vocha in the Corinthia prefecture. Visitors can explore historical sites such as ancient Corinth, approximately 20 kilometers away, which offers insights into vibrant Greek and Roman histories. Geographically, Kokkoni is advantageously placed near the Gulf of Corinth, offering stunning views and access to serene beaches.
Current Property Market Dynamics
The exclusive property market in Kokkoni is currently strong, driven by high demand relative to the limited available supply of luxury homes and apartments. Political and economic stability in the region further bolsters buyer confidence in investing in luxury real estate. Buyers should anticipate an average real estate commission of around 2-3% of the purchase price, with sellers typically facing a similar commission rate when engaging in transactions.
Cost Considerations for Luxury Homebuyers
When purchasing a luxury home or apartment in Kokkoni, it's important to consider additional costs such as a transfer tax of 3%, realtor commissions, notary fees, and potential legal costs. While there is no wealth tax on private ownership, capital gains tax applies if you sell a second or vacation home, though primary residences are generally exempt. Corporate profits are taxed at 24%, and the income tax for registered residents ranges up to 44%, depending on income levels.
Financing and Mortgage Insights
Prospective homebuyers in Kokkoni must meet certain mortgage requirements, often requiring a significant ratio of own capital to foreign capital and verified income sources. Typically, one can secure a mortgage covering up to 80% of the property's purchase price.
Luxury Residential Areas
Kokkoni is known for its luxurious residential areas such as Agios Vasileios and Xylokastro, which attract affluent buyers seeking privacy and proximity to natural beauty and cultural landmarks. These areas are particularly sought after for their tranquility and exclusive atmosphere.
Accessibility and Proximity
Kokkoni is easily accessible by road, situated roughly 90 kilometers from Athens, the nearest major city, via the motorways. It is approximately 80 kilometers from Athens International Airport and also within reach of Kalamata International Airport, ensuring both national and international connectivity.
Education Facilities
The region around Kokkoni is supported by several reputable educational institutions. Nearby Corinth hosts schools and vocational training centers, while Athens offers prominent universities within commuting distance.
Natural Environment and Climate
Kokkoni is enveloped by picturesque landscapes, with the azure waters of the Gulf of Corinth and the lush, green Peloponnese mountains in the backdrop. The climate is Mediterranean, characterized by hot, dry summers and mild, wet winters, ideal for year-round living.
Recreational and Lifestyle Amenities
Kokkoni offers a variety of sports and outdoor activities, including tennis, sailing, and hiking in the nearby mountains. The village and its surroundings boast luxury boutiques and artisan shops for discerning shoppers. Dining experiences are elevated with renowned restaurants, such as the coastal tavernas offering exquisite seafood. Visitors can enjoy luxury accommodation at hotels like Wyndham Loutraki Poseidon Resort, and nightlife at upscale bars along the waterfront.
Cultural and Healthcare Institutions
Cultural enthusiasts will appreciate the annual Corinthian Festival and proximity to the Archaeological Museum of Ancient Corinth. For healthcare needs, several well-equipped hospitals and clinics are located in Corinth, providing residents and visitors access to medical services.
Infrastructure and Amenities
Public infrastructure in Kokkoni is well-developed, with amenities to support modern living. Residents enjoy access to electricity, water, and reliable internet services, making this area an attractive choice for luxury living.
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