Kalamaki, a picturesque coastal town located in the southern part of the Heraklion region on the island of Crete, is steeped in a history that stretches back to ancient times. Known for its proximity to Minoan archaeological sites, such as Phaistos, it offers residents a unique blend of cultural heritage and breathtaking landscapes. The town is nestled along the Libyan Sea, providing stunning views and a serene atmosphere for its inhabitants. With its rich history and enviable geographical location, Kalamaki is an attractive destination for those seeking a luxurious lifestyle.
The Exclusive Property Market in Kalamaki
The exclusive property market in Kalamaki is currently experiencing a stable phase, reflecting a balanced dynamic between demand and supply of luxury homes and apartments. Despite its relatively small size, Kalamaki attracts discerning buyers due to its beautiful surroundings and premium lifestyle offerings. The demand for luxury properties here tends to outstrip supply, maintaining a competitive real estate environment. On average, real estate commissions are around 2% to 3% for both buyers and sellers, adhering to local market norms.
Financial Considerations for Buying a Luxury Home in Kalamaki
When purchasing a luxury property in Kalamaki, it's essential to consider additional costs beyond the property price. Buyers should account for a transfer tax, which is typically around 3%, and notary fees, which can add approximately 1% to the total cost. Legal and construction inspection fees should also be anticipated to ensure a smooth transaction. There is no wealth tax on property ownership or tax on profit from the sale of a main residence, but a tax does apply to profits made from selling a second or vacation home. For mortgage acquisition, lenders generally allow financing up to 75% of the property's value, requiring the remaining 25% as own capital.
Prime Residential Areas and Accessibility
Kalamaki boasts some highly sought-after residential areas, particularly along the coastline and in elevated locations offering panoramic views of the sea. Accessibility to Kalamaki is convenient, with well-connected roads leading to the nearby city of Heraklion, approximately 66 kilometers to the north. Heraklion International Airport is the closest major airport, facilitating both national and international travel.
Education and Healthcare in Kalamaki
In terms of education, the region offers access to high-quality schools and learning institutions such as the University of Crete, located in Heraklion. The healthcare system is well-represented, with nearby medical facilities including the University General Hospital of Heraklion, ensuring residents have access to comprehensive medical services.
Lifestyle and Amenities
Kalamaki provides a rich array of luxury lifestyle options, from boutique shopping experiences to exclusive gourmet dining. Renowned restaurants such as those offering traditional Cretan cuisine and fresh seafood dot the area. For entertainment, residents can indulge in the stylish nightlife of Heraklion or relax in the luxury hotels scattered across the coast. The town's natural beauty offers numerous sports and outdoor activities, including sailing, hiking, and windsurfing.
Cultural and Recreational Activities
Culturally, Kalamaki hosts numerous events throughout the year, such as the Phaistos international art festival. The vicinity is home to fascinating museums and galleries, particularly in Heraklion, which is known for its vibrant cultural scene. The public infrastructure in Kalamaki is robust, with well-maintained roads and essential amenities making it an ideal location for luxury living.
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