Historically rich and geographically blessed, Lagonisi is nestled along the stunning Attica coastline in Greece. This tranquil town boasts a wealth of historical landmarks including ancient ruins spread across the region. Its strategic location on the azure Saronic Gulf makes it a perfect getaway for those seeking respite from the hustle and bustle of city life. Lagonisi's luminous landscapes, compelling history and exclusivity make it a highly desirable area for luxury property investment.
Current Property Market
The current luxury real estate market in Lagonisi remains robust with a constant supply of exclusive related properties. There is an even balance in supply and demand of luxury homes and apartments, making it a stable market. The political and economic environment has remained generally stable, which has further strengthened the real estate market conditions.
Costs and Taxes Associated With Property Investment
The real estate commission when buying a luxury property varies, it averages at around 2-4% of the purchase price. On the seller's side, this commission also tends to gravitate towards the same percentage area. Additional costs when buying a property in Lagonisi can include transfer tax, notary fees and potential legal costs. The transfer tax for private property is approximately 3%. Potential homeowners in Lagonisi should budget for a wealth tax on the private ownership of a house, the rate of which is adjustable and depends on the value of the property.
Taxes on the Sale of Private Property
Taxes on the profit when selling a privately owned main residence or second/vacation home depend on the holding period. Typically, tax is levied if the property is sold within a specific period after purchase. The corporate tax rate on profits for registered companies in Lagonisi is 24%. If you're a resident of Lagonisi, you'll be subject to an income tax rate that varies depending on your income level.
Mortgage Requirements
When financially preparing to invest in luxurious Lagonisi properties, generally, the mortgage can cover up to a maximum of 70-80% of the purchase price.
Top Residential Areas and Accessibility
The most sought-after residential locations for luxury real estate are typically found along the flourishing bayside of Lagonisi. The nearby cosmopolitan city of Athens, a short drive away, offers both road and rail accessibility. Lagonisi is also well-connected to national and international airports such as Eleftherios Venizelos International Airport in Athens.
Local Education and Infrastructure
Quality education is within easy reach with numerous reputable schools, universities and training institutions in the vicinity. The public infrastructure is well-maintained and the availability of amenities is plenty.
Lagonisi Lifestyle
Lagonisi is situated in the Attica region and home to approximately 4,000 inhabitants. The town's stunning landscapes, favorable climate and natural attractions including sandy beaches, crystal clear waters and extensive hiking routes make it an outdoor paradise. For luxury shopping, restaurants, hotels, nightlife and annual events, head to Athens, just a short drive away.
Cultural and Medical Amenities
The larger Attica region houses a wealth of museums, galleries and theaters for art and culture enthusiasts. For healthcare needs, there are well-equipped hospitals and clinics within a short distance from Lagonisi. In conclusion, Lagonisi offers a beautiful mixture of tranquility, luxury and Greek culture, making it an ideal location for high-end property investment.
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