Chania - Agia Irini - Vamos

Agia Marina is a charming coastal town with a rich history that dates back to ancient times. The town boasts several historical sights, including the Byzantine-era Agios Nikolaos Church and the remnants of ancient fortifications. Geographically, Agia Marina is nestled on the southern coast of a picturesque province, offering stunning views of the Aegean Sea. Its strategic location makes it a desirable destination for both tourists and luxury homebuyers.

The Current Property Market in Agia Marina

The exclusive property market in Agia Marina is currently strong, with high demand outpacing the available supply of luxury homes and apartments. This has led to a competitive market where well-maintained and unique properties often receive multiple offers. The political and economic situation in Agia Marina is stable, contributing to the confidence of both domestic and international buyers. Typically, buyers pay an average real estate commission of approximately 2-3%, while sellers may pay around 2-5%.

Additional Costs to Consider

When purchasing a luxury home in Agia Marina, buyers should account for various additional costs. These include a transfer tax, which is currently 3%, realtor commissions, notary fees, and potentially costs related to construction inspection or legal services. High-net-worth individuals should also be aware of a wealth tax of 1% on private property ownership. Regarding capital gains tax, profits from the sale of a main residence are typically exempt, while profits from a second or vacation home are subject to a 15% tax.

Mortgage Requirements and Accessibility

For those looking to finance their luxury home purchase, mortgage requirements in Agia Marina generally necessitate a blend of own and foreign capital, with a typical loan-to-value (LTV) ratio of up to 70%. This means buyers should be prepared to provide at least 30% of the purchase price from their own funds. Agia Marina is well-accessible by both road and rail, located just 30 minutes from the bustling city of Chania. The town is also conveniently situated only 50 km from Chania National Airport, ensuring ease of international travel.

Luxurious Residential Areas

Some of the most sought-after residential areas in Agia Marina include the beachfront properties along Marina Avenue and the scenic hillside villas offering panoramic sea views. These locales are renowned for their exclusivity and the luxurious amenities they provide.

Education and Public Services

The vicinity of Agia Marina hosts several reputable educational institutions, including the International School of Crete and the University of Chania. The public infrastructure in Agia Marina is well-developed, featuring modern amenities such as medical facilities, with the Agia Marina General Hospital being a notable example.

Lifestyle and Entertainment

Agia Marina offers a plethora of sports and outdoor activities, from sailing and diving to hiking in the nearby Lefka Ori mountain range. The town is peppered with luxury lifestyle shops, high-quality hotels such as the Elounda Beach Hotel, and renowned restaurants like the Blue Palace Restaurant. For nightlife, the town features exclusive venues and casinos such as the Rhodes Casino, providing stylish entertainment options.

Cultural and Recreational Events

Annually, Agia Marina hosts several well-known events, including the Agia Marina Cultural Festival and the International Yacht Regatta. Art and culture enthusiasts can visit the local Archaeological Museum and the Contemporary Art Gallery of Chania, offering a glimpse into the town's vibrant cultural scene.

Natural Beauty and Climate

The environment of Agia Marina is characterized by its stunning natural landscapes, featuring lush greenery, crystalline waters, and idyllic beaches. The climate is typically Mediterranean, with warm summers and mild winters, making it an ideal year-round destination for luxury living. Agia Marina's blend of historical charm, strong property market, luxurious lifestyle, and stunning natural beauty makes it an unparalleled destination for those looking to invest in an exclusive property.