Poros, a small yet vibrant island nestled in the heart of the Saronic Gulf, has a rich history dating back to ancient Greece. Well-known for its lush, verdant landscapes, the island also boasts numerous historical sites such as the famous Sanctuary of Poseidon and the Historical and Folklore Museum. Geographically, Poros is a pair of islands separated from the Peloponnese by a narrow strait. Its close proximity to the country's capital, Athens, sets the stage for a unique blend of both tranquil island life and cosmopolitan vibrance.
The Exclusive Property Market in Poros
Characterized by an abundant supply of luxury homes, with their unique architecture and awe-inspiring sea views, Poros is a strong player in the exclusive property market. The demand for these luxury properties is high, as wealthy individuals from all over the world vie for their own slice of this island paradise.
Political and Economic Stability
Pivotal to the thriving real estate market, Poros benefits from a politically and economically stable environment. This stability, coupled with the thriving tourism sector, grants potential investors peace of mind when considering the purchase of property in Poros.
Cost and Taxes in Poros Real Estate Market
Real estate commissions vary in Poros, but on average, both buyers and sellers can expect to pay around 2-3%. Additional costs, such as transfer tax, notary fees, and potential legal or construction inspection costs, should also be factored into the overall budget. The transfer tax on private property in Poros is around 3.09% of the property value.
For the wealth tax, property owners in Poros are subject to regular taxation, which is dependent on the size and location of the property. On profits from selling a home, whether it is used as a main or second home, tax implications may apply and would depend on current Greek tax laws.
Mortgages in Poros
Securing a mortgage in Poros generally requires proof of income and a down payment, typically around 20-30% of the property value. The maximum mortgage one can secure often varies, depending on the financial institution and individual’s financial health.
The Prime Residential Areas of Poros
The most desirable residential areas in Poros encompass the vicinity of the Old Harbor, the luxurious Galatas, and the scenic Askeli Beach.
Access to Poros
Poros is accessible via both road and ferry. Its proximity to major cities such as Athens (an approximately 48km distance) ensures easy commute to urban amenities. Eleftherios Venizelos, the closest international airport, is around 60 km away.
Education in Poros
Quality education abounds in Poros with reputable institutions such as Poros Elementary School, Galatas Middle School, and Askeli Procopiou High School. For higher education, the closest university is the University of Piraeus, in Athens.
Poros: A Lifestyle Destination
Poros, located in the province of Attica, has a population of approximately 4,000. Its landscapes are diverse, ranging from serene beaches to striking hills. The island's Mediterranean climate invites outdoor enthusiasts to enjoy activities such as sailing, hiking, and exploring historical sites.
Luxury shopping boutiques, upscale restaurants, and vibrant nightlife offer a taste of the high-end lifestyle. Prestigious hospitality services are provided by high-end hotels like the Sirene Blue Resort and the Villa Dolphins. The island regularly hosts cultural and sporting events and features renowned establishments like the Lemon Forest and the Poros Maritime Museum. Quality healthcare can be found at the nearby Poros General Hospital. Public infrastructure is well-maintained emphasizing the island's commitment to an elevated quality of life. Whether you are a potential homeowner or an investor, Poros provides an exclusive, luxurious experience replete with natural beauty and elegance.
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