Sentoni - Oia - Schinoussa

Santorini, one of the most picturesque islands in the Aegean Sea, boasts a rich history that dates back thousands of years. Known for the massive volcanic eruption during the Bronze Age, the island's storied past is reflected in its archaeological sites, such as Akrotiri and Ancient Thera, which offer glimpses into past civilizations. Located in the Cyclades group of the Greek islands, Santorini's crescent shape encircles a deep blue caldera, creating breathtaking views and dramatic landscapes. Its combination of natural beauty and historical significance makes it a captivating destination for those seeking both relaxation and exploration.

The Luxury Real Estate Market in Santorini

Santorini's luxury property market is currently robust, with high demand consistently outpacing the limited supply of upscale homes and apartments. Renowned for its iconic whitewashed buildings set against the backdrop of cerulean seas, Santorini offers exclusive properties that are very much in demand. The stability of Greece’s political and economic landscape further boosts buyer confidence, making real estate investment in Santorini a stable choice.

Real Estate Costs and Taxes

When purchasing a luxury home in Santorini, buyers should consider several costs beyond the purchase price. The average real estate commission for buyers is around 2%, while sellers typically pay a commission ranging from 2% to 5%. Additionally, the purchase is subject to a transfer tax, which stands at 3% of the property's value. Notary fees, legal costs, and potential expenses for construction inspections are also important considerations. There is no wealth tax on private property ownership in Greece, but capital gains from secondary homes or vacation properties are taxed. Furthermore, corporate tax on profits for registered companies is 24%, and income tax varies for registered residents.

Financing Your Dream Home

In Santorini, mortgage lenders typically require a down payment ranging from 20% to 30% of the property's value. The maximum mortgage available can cover up to 70% of the purchase price. Prospective buyers must meet specific income requirements to qualify, ensuring a reliable financial profile to support the loan.

Exclusive Areas and Accessibility

Among Santorini's most coveted residential areas are Oia and Fira, renowned for their luxury homes offering unparalleled sunset views over the caldera. Geographically isolated by the sea, Santorini is accessible via regular flights to Santorini National Airport from Athens and other international destinations. The island is approximately 230 km away from Athens, with the nearest major city being the capital itself.

Education and Healthcare

Santorini has several primary and secondary schools, while higher education can be pursued in Athens, offering a broad range of academic institutions. Healthcare services are available at Santorini General Hospital and several clinics around the island, ensuring quality medical care for residents and visitors alike.

Living the Luxury Lifestyle

Santorini offers an array of upscale shops, world-class restaurants like Selene and renowned hotels such as Grace Hotel Santorini, complementing its vibrant luxury lifestyle. Exclusive nightlife and entertainment venues add to the island's appeal, providing residents a sophisticated, yet laid-back lifestyle. Additionally, Santorini hosts annual cultural events, including the Santorini Arts Factory, enriching the island's cultural tapestry.

Nature and Recreation

The stunning landscape of Santorini, with its unique volcanic beaches, terraced vineyards, and sapphire waters, provides ample opportunities for outdoor pursuits. Residents and visitors can indulge in yachting, hiking the caldera trails, or exploring the underwater world through diving excursions. The island's Mediterranean climate further enhances its allure, offering mild, wet winters and hot, dry summers. Santorini, with its stunning natural vistas, rich history, and vibrant luxury lifestyle, offers an unmatched living experience for those seeking the pinnacle of elegance and tranquility. Whether as a primary residence or a sought-after vacation retreat, Santorini stands as a premier destination for luxury real estate investment.