Keratea, a charming town located in the Attica province of Greece, has a rich history that dates back to ancient times, offering a unique cultural and historical backdrop for residents. Notable historical sights such as the nearby Archaeological Site of Cape Sounion, with its breathtaking Temple of Poseidon, add to the allure of living in this area. Geographically, Keratea is positioned advantageously on the southeastern part of the Attica peninsula, providing stunning landscapes and proximity to the Aegean Sea. The town combines the scenic beauty of its natural environment with a mild Mediterranean climate, making it an attractive location for luxury living.
The Exclusive Property Market in Keratea
The exclusive property market in Keratea is currently stable, providing a balanced environment for buyers and sellers. While demand for luxury homes remains strong, there is a limited supply, making properties in prestigious areas highly sought after. The economic and political conditions in Keratea are stable, contributing to the confidence of investors in the luxury real estate sector.
Real Estate Costs and Considerations
When purchasing a luxury home in Keratea, buyers should consider various additional costs such as transfer tax, which is currently 3% of the property value, and realtor commissions, which typically range from 1% to 2% for the buyer and 1% to 2% for the seller. Notary fees and legal costs should also be factored into the overall expenditure. There is no wealth tax on private ownership, nor is there a tax on the profit from selling a primary residence, but taxes may apply to secondary homes.
Finance and Mortgage Information
Buyers seeking to acquire property in Keratea should be aware of general mortgage requirements, often demanding a ratio of own capital to loan of at least 20%. Financial institutions in Greece typically offer mortgages up to 80% of the property's purchase price. Prospective buyers should ensure they meet income requirements specified by the lenders for a successful application.
Exclusivity and Residential Areas
Keratea is renowned for its prestigious residential areas, with neighborhoods such as Sounion being among the most exclusive and expensive. These areas offer luxurious homes with stunning views and proximity to the beach, drawing high interest from affluent buyers seeking premium living experiences.
Accessibility and Transport Links
Keratea is well-connected by road, with easy access via the Lavrio-Sounion Avenue. The town is approximately 40 kilometers from Athens, the nearest major city, presenting opportunities for convenient access to urban amenities. The Athens International Airport is about a 30-minute drive, providing excellent national and international travel options.
Education and Healthcare Facilities
In terms of education, Keratea and its vicinity host several quality schools, while nearby Athens offers prominent universities and training institutes. Healthcare needs are well-catered for with hospitals and clinics like the Attiko University General Hospital accessible from Keratea.
Luxury Lifestyle and Recreation
Keratea offers a luxurious lifestyle with upscale shops and dining venues, though the more elaborate options are found in nearby Athens. For sports enthusiasts, the area provides numerous outdoor activities such as sailing, hiking, and beach sports along the beautiful coastline.
Cultural and Recreational Attractions
Locals and visitors can explore cultural venues and events, with artistic and historical offerings like the Archaeological Museum of Lavrion nearby. Annual events and festivals bring the community together to celebrate the town's rich heritage and vibrant culture.
Keratea stands out as a distinguished locale, marrying the allure of luxury living with the appeal of rich history and modern conveniences, thereby offering a unique proposition for those seeking an exclusive property investment.
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