Nea Erythraia - Ekali - Chalandri

Kifissia, an affluent suburb of Athens, Greece, is steeped in history dating back to ancient times and is home to notable sights such as the Kefalari square and the beautiful parks that host villas from the 19th century. Known for its high-end shopping and dining, Kifissia is situated north of the city center, nestled amidst the Athenian plain and Penteli Mountain. Due to its elevation, Kifissia has long been known as a summer retreat for the well-to-do, offering a reprieve from the bustling heat of Athens. Today, it continues to maintain its status as a hub for the elite and those seeking luxury living.

Real Estate Market in Kifissia

Kifissia's exclusive property market is currently stable with a high demand for luxury homes and apartments, outpacing the available supply. This trend has been influenced by both the area's political and economic stability and the high desirability of the neighborhood. Buyers and sellers typically pay an average real estate commission of around 2-2.5%, though it's important to factor in additional costs such as transfer tax, notary fees, and any legal or construction inspection fees. The transfer tax on private property is 3.09%, and a wealth tax is applicable based on the assessed value of the property. For both primary residences and vacation homes in Kifissia, capital gains tax may apply to any profit made from selling.

Mortgage Requirements and Financial Considerations

Mortgage requirements for purchasing homes in Kifissia typically require a solid income and capital base, with most banks willing to lend up to 80% of the purchase price. The corporate tax in Kifissia is set at 24%, while income tax for residents can range from 22% to 45% depending on income levels.

The Best Residential Areas and Accessibility

The most sought after areas in Kifissia are the neighborhoods surrounding Kefalari Square, Strofili, and Nea Kifissia where some of the most luxurious homes are located. Kifissia is easily accessible by both road and rail, with regular train services to central Athens, which is around 14 km away. Its proximity to Eleftherios Venizelos, the main international airport of Athens, just 30 km away, along with easy access to national roads, makes Kifissia an ideal location for those frequent travellers.

Education and Infrastructure

Kifissia offers a multitude of prestigious schools and universities such the American College of Greece and the Athens University of Economics and Business. The area is equipped with robust infrastructure and public amenities, ensuring residents a smooth and comfortable living experience.

Lifestyle and Amenities in Kifissia

Kifissia is home to a variety of luxury boutiques, renowned restaurants, and chic nightspots that provide a high-end lifestyle. It also hosts the annual Kifissia Flower Show and boasts a number of esteemed cultural institutions, including the Goulandris Natural History Museum. With a climate characterized by cool summers and mild winters, Kifissia offers a range of outdoor activities and is known for its tennis and basketball courts, soccer fields, and horse riding clubs. Concerning healthcare, Kifissia is home to highly reputed hospitals and clinics, including the Kifissia General Hospital. Whether you're seeking a luxury home, upscale shopping, fine dining, or simply to enjoy the greenery and tranquility, Kifissia offers an unmatched blend of luxury and nature.