Vari - Varkiza - Kavouri

Vari-Voula-Vouliagmeni, located on the southern coast of the Athens Riviera, is a picturesque municipality in the province of Attica, Greece. Its rich history dates back to ancient times, and the area boasts several historical sites, such as the Temple of Apollo Zoster and the ruins of the ancient town of Anavyssos. Geographically blessed with stunning beaches, lush greenery, and a temperate Mediterranean climate, Vari-Voula-Vouliagmeni serves as both a serene residential area and a vibrant destination for tourists. Its proximity to Athens, just 20 kilometers away, makes it an ideal location for those seeking both tranquility and accessibility to the bustling city life.

Current Exclusive Property Market

The exclusive property market in Vari-Voula-Vouliagmeni is currently strong, supported by high demand that often outpaces the supply of luxury homes and apartments. This trend makes it a sought-after location for both local and international buyers looking to invest in luxury real estate. The political and economic situation remains stable, further bolstering the attractiveness of the area for long-term investments.

Costs and Taxes Associated with Buying Property

When purchasing a luxury home or apartment in Vari-Voula-Vouliagmeni, buyers typically pay an average real estate commission of around 2% to 2.5%. Sellers are also generally expected to pay a commission, usually in the same range. Additional costs to consider include a transfer tax of 3% on private property, notary fees, legal fees, and potential construction inspection costs. There is no wealth tax on private ownership of a home here, and if the property is used as the main residence, there is also no capital gains tax on profit made from the sale. However, for secondary or vacation homes, a capital gains tax does apply.

Mortgage and Financing Options

Most banks offer mortgages with a loan-to-value ratio of up to 80% of the purchase price. Common requirements include proof of stable income and a significant down payment, usually around 20% of the property's value. This makes securing financing feasible for individuals with strong financial backgrounds, thus encouraging investments in the luxury market.

Premium Residential Areas

Among the most sought-after residential areas in Vari-Voula-Vouliagmeni are Kavouri, Panorama Voulas, and the beachfront properties in Vouliagmeni. These locales are renowned for their premium amenities, scenic views, and proximity to high-end shops, restaurants, and exclusive clubs.

Accessibility and Connectivity

Vari-Voula-Vouliagmeni is well-connected by both road and rail, with easy access to the central Athens region via the Attiki Odos highway and public transit options. It's just a short drive from the Athens International Airport, making it convenient for international travel.

Educational Institutions

The area is served by several prestigious educational institutions, such as the International School of Athens and the American Community Schools of Athens, providing top-tier education for families residing here.

Natural Beauty and Climate

The municipality is celebrated for its natural beauty, featuring sandy beaches, verdant parks, and the famous Lake Vouliagmeni, a natural thermal spa. The climate is typically Mediterranean, with mild winters and warm, dry summers, ideal for outdoor activities year-round.

Sports and Outdoor Activities

Vari-Voula-Vouliagmeni offers numerous sports and outdoor activities, from sailing and yachting at the Vouliagmeni Nautical Club to golf at the Glyfada Golf Club. Tennis and watersports are also popular, supported by top-notch facilities.

Luxury Shopping and Lifestyle

The area caters to a luxury lifestyle with high-end boutiques, designer shops, and upscale malls. Voula's commercial center and the Glyfada shopping district provide numerous options for retail therapy.

Exclusive Hotels, Restaurants, and Nightlife

The region is home to exquisite hotels such as the Four Seasons Astir Palace Hotel and the Divani Apollon Palace. Dining options abound, with renowned restaurants like Ithaki and Matsuhisa offering gourmet experiences. The nightlife is equally vibrant, with exclusive clubs and bars providing stylish and sophisticated entertainment options.

Cultural and Historical Events

Annual cultural and sporting events, such as the Vouliagmeni Lake Run and the Athens Marathon, draw both locals and international visitors. These events highlight the area's cultural richness and active lifestyle.

Art and Culture

Nearby cultural landmarks include the Goulandris Museum of Contemporary Art and the Benaki Museum, offering an array of exhibits and performances that cater to art aficionados.

Healthcare Facilities

Several high-quality hospitals and clinics are located nearby, including the Athens Medical Center and the Hygeia Hospital, ensuring excellent healthcare services for residents and visitors alike.

Public Infrastructure and Amenities

The state of public infrastructure in Vari-Voula-Vouliagmeni is excellent, with well-maintained roads, efficient public transport, and a wealth of public amenities, making living here not only luxurious but also convenient.