Platis Gialos - Ornos - Schinoussa

Steeped in history, Mykonos, a famed island in the Cyclades group of the Aegean Sea, is beloved for its iconic windmills and vibrant lifestyle. Numerous historical sites, such as the 15th-century Church of Panagia Paraportiani and the iconic Little Venice, add a distinctive allure to this sun-drenched paradise. Enchanting beaches, glistening turquoise waters, and the labyrinthine old town further embellish Mykonos' geographical gem-like beauty. Mykonos’ exclusivity is embedded in its past, evolving into a luxurious haven for elites and real estate hunters worldwide.

Luxury Real Estate Market in Mykonos

The exclusive property market in Mykonos remains robust. Despite global economic fluctuations, this picturesque island's allure keeps demand high for luxury homes, these high-end capabilities often outweighing the supply. Political and economic stability in Mykonos are assured by Greece's tenured EU membership, and the island's thriving tourism industry reinforces this stability. The wealth accumulated in Mykonos has crafted an exclusive, self-sustaining demand in luxury real estate.

Real Estate Transactions Costs in Mykonos

Real estate transaction costs in Mykonos vary, with buyers and sellers commission averaging between 2-5%. Additional costs include transfer tax, notary fees, and possible construction inspection or legal fees. Transfer tax on private property is currently rated at 3.09%. While Greece has implemented a recent wealth tax, the rate can vary based upon the property's total value. If selling a primary residence, homeowners may be subject to capital gains tax, while second homes and vacation properties may yield higher tax rates.

Corporate and Personal Tax in Mykonos

The corporate tax on profits for registered companies in Mykonos is presently 24%. Personal income tax of registered Mykonos residents ranges from 22% to 44%, depending on income brackets.

Accessible Luxurious Living

Thorough road and local water taxi connections make Mykonos accessible. It is also serviced by its airport, Mykonos International, ensuring easy connections to main cities globally. Luxury homes predominantly preside in desirable areas such as the southern coastal Agios Ioannis and beachfront Psarou village. Proximity to the magnificent Aegean Sea, posh boutiques, and gourmet dining add to these areas' appeal.

Lifestyle and Amenities

Championing a luxury lifestyle, Mykonos displays avante-garde fashion houses, high-end boutiques and jewellers in places like Matoyianni Street. Renowned eateries such as Interni and Koursaros present astute culinary experiences. For high-stakes entertainment, Mykonos Casino offers an exciting nightlife. Art enthusiasts can explore the Rarity Gallery or the Archaeological Museum of Mykonos, while the annual Summer Festival offers a cultural soirée. Significant educational institutes in the island include the Aegean Maritime Museum and Mykonos Art School. Healthcare facilities such as Mykonos Health Center and Asklepieion Hospital cater to medical needs, while the public infrastructure developed intertwines with Mykonos' rustic charm seamlessly. With cobbled streets, whitewashed homes, and millennial-old windmills, urban development retains aesthetically pleasing Grecian influences.

Mykonos: More than An Island

Residing under Greece’s South Aegean region, Mykonos boasts a total population of around 10,000 inhabitants. The prolific nature, unique architecture, and stunning landscapes including water bodies such as Aegean Sea and beaches like Paradise and Super Paradise, invite a variety of sports and outdoor activities. Its pleasant Mediterranean climate offering hot summers and mild winters enhances the island's charm, making Mykonos a year-round destination and an enviable place to own a luxury home.