Agios Nikolaos - Galatas - Santorini

Nestled in the scenic province of Arcadia, Finiki boasts a rich history that dates back centuries, featuring numerous historical landmarks such as the ancient amphitheater and the Temple of Apollo. Known for its mesmerizing landscapes and coastal beauty, Finiki is located in a region where the blue waters of the Aegean meet lush, verdant hills. This picturesque town offers a serene backdrop enriched with cultural heritage and archaeological sites that attract historians and tourists alike. Finiki's unique geographical position makes it an ideal spot for luxury living, combining both tranquility and historical charm.

The Current Luxury Property Market in Finiki

The exclusive property market in Finiki is currently robust, with strong demand that slightly outpaces the available supply of luxury homes and apartments. The political and economic situation in Finiki remains stable, contributing to its attractiveness as a prime location for investment in luxury real estate. Buyers in Finiki generally pay around 3% to 5% in real estate commissions, while sellers typically incur a similar percentage. Additionally, prospective property buyers should consider other costs such as transfer tax, which is approximately 4% of the property's value, notary fees, and any legal costs associated with property inspection or construction.

Financial Considerations and Taxes

When purchasing a luxury home or apartment in Finiki, it's crucial to be aware of various financial obligations. Notably, there is no wealth tax on private property ownership, which adds to the allure for high-net-worth buyers. However, profit from the sale of a second or vacation home is taxable, while selling a main residence that has been held for a certain period might be exempt. The corporate tax on profits for companies registered in Finiki is around 20%, and the income tax for residents is progressive but averages around 25%.

Mortgage and Financing Options

For those looking to finance their luxury home purchase in Finiki, mortgage requirements typically expect a ratio of at least 20% own capital to foreign capital. Lenders in Finiki usually offer a maximum of 80% of the property's purchase price as a mortgage, contingent on income and creditworthiness. This accessibility makes luxury property acquisitions feasible, combined with the area's enticing lifestyle amenities.

Prestigious Residential Areas and Accessibility

Finiki's most sought-after residential areas include the coastal district of Neo Chorio and the hillside retreat of Agios Nikolaos, known for their breathtaking views and opulent properties. The town is well-connected by road, with the nearest major city, Tripolis, just 45 kilometers away. Finiki is conveniently located about 90 kilometers from the Kalamata International Airport, ensuring easy access for both domestic and international travelers.

Education and Healthcare Facilities

Parents considering moving to Finiki will find reputable educational institutions such as the Arcadian International School and several esteemed kindergartens and high schools. For higher education, the University of Peloponnese offers a range of programs within a short drive. Healthcare needs are well-served by the Finiki General Hospital and the state-of-the-art Arcadian Medical Center.

Leisure, Culture, and Lifestyle

The captivating nature of Finiki offers lush landscapes, beautiful beaches, and a mild Mediterranean climate, ideal for outdoor enthusiasts. Residents enjoy sports such as sailing, hiking, and golf at the exclusive Finiki Golf Club. The shopping experience is equally luxurious, with designer boutiques nestled throughout the town. Finiki thrives culturally as well, with annual events like the Finiki Arts Festival and performances at the Finiki Classical Theater. There are several high-caliber dining options, including the renowned Poseidon's Table and the gourmet Kallisto Restaurant. Nightlife enthusiasts can revel in stylish venues and exclusive clubs that align with the town's luxury ethos.

Infrastructure and Amenities

Finiki prides itself on well-maintained public infrastructure, with accessible roads, reliable public transportation, and modern amenities that cater to its affluent residents. This level of service enhances the overall quality of life, making Finiki a top choice for those seeking a luxurious lifestyle amid historical splendor and natural beauty.