Nafplio - Tolo - Lerna

Argolis, a picturesque region of the Peloponnese in Greece, is steeped in rich history dating back to ancient times. Famed for its archaeological sites, such as the ruins of Mycenae and the ancient theater of Epidaurus, the area offers a glimpse into Greece's glorious past. Geographically situated on the eastern side of the Peloponnese Peninsula, Argolis is surrounded by natural beauty, from sprawling olive groves to breathtaking coastlines. Its close proximity to the Saronic Gulf ensures stunning sea views, adding to the appeal of the luxurious lifestyle attainable here.

Exclusive Property Market in Argolis

The exclusive property market in Argolis remains stable with a healthy balance between supply and demand for luxury homes and apartments. The current political and economic situation in Argolis is stable, fostering a favorable environment for real estate investments.

Costs and Commissions

When buying a luxury home or apartment in Argolis, buyers typically face a real estate commission fee of around 2-3% on the purchase price. Sellers generally pay a commission fee of approximately 2%. Additional costs to consider include a transfer tax of 3%, notary fees, potential construction inspection fees, and legal costs.

Tax Considerations

Argolis imposes a wealth tax on private property; however, the exact rate may vary based on the property's value. No tax is levied on the profit made when selling a privately-owned main residence. However, selling a second or vacation home does incur capital gains tax. The corporate tax rate on profits for registered companies is currently 22%, whereas income tax for registered residents ranges from 9% to 44%, depending on income levels.

Mortgage Requirements

Potential buyers in Argolis must meet specific mortgage requirements, often involving a ratio of 20% own capital to 80% foreign capital. Generally, the maximum mortgage amount one can obtain is up to 80% of the property's purchase price.

Prime Residential Areas

Some of the most expensive and sought-after residential areas in Argolis include Nafplio, Porto Heli, and Ermioni. These areas are renowned for their luxurious villas, top-notch amenities, and beautiful surroundings.

Accessibility

Argolis is well-connected by road and is approximately 1.5 hours by car from Athens, the nearest large city. The area is also easily accessible from national and international airports, such as Athens International Airport, which is a 2-hour drive away.

Educational Institutions

Argolis boasts several reputable schools, including the 1st High School of Nafplio and private institutions focused on high-quality education. While there are no universities within the immediate vicinity, the University of Peloponnese in Tripoli is easily accessible.

Living Environment

Nestled in the province of Peloponnese, Argolis has a population of approximately 97,000 inhabitants. The region offers a diverse environment featuring lush forests, serene beaches, and picturesque landscapes. Argolis enjoys a mild Mediterranean climate with warm, dry summers and mild winters.

Outdoor Activities and Lifestyle

Argolis has an array of outdoor activities, including sailing, hiking, and watersports. The region also boasts luxury lifestyle shops, high-quality restaurants, such as 3Sixty and Pergamonto, and elegant hotels like Nafplia Palace. Exclusive nightlife options are available, particularly during the summer months.

Cultural and Sporting Events

The region hosts numerous well-known events, such as the Epidaurus Festival, which celebrates ancient Greek theater. Museums like the Archaeological Museum of Nafplio and galleries enrich the cultural landscape.

Healthcare Facilities

Hospitals and clinics, such as the General Hospital of Argos and Nafplia General Hospital, provide comprehensive healthcare services.

Public Infrastructure

Public infrastructure in Argolis is well-developed, offering reliable amenities and services essential for a luxurious lifestyle. The region's accessibility, natural beauty, cultural heritage, and quality of life make it an ideal destination for purchasing a luxury home.