Corfu - Lefkada - Meganisi

Kavos is a picturesque town located on the southern coast, nestled in a region rich with history and scenic beauty. Its close proximity to ancient ruins and historical sites makes it a compelling locale for those interested in the blend of past and present lifestyles. Geographically, Kavos offers stunning coastal views, and its temperate Mediterranean climate is a draw for those seeking a luxurious yet tranquil environment. While its historical allure is captivating, Kavos today is a thriving hub for luxury real estate.

The Exclusive Property Market in Kavos

Currently, the luxury property market in Kavos is strong, with high demand outpacing the supply of luxury homes and apartments. This competitive market is attracting buyers from around the globe seeking exclusive residences, which is boosting the area's real estate dynamics. The political and economic situation in Kavos is stable, adding further appeal to potential buyers looking for investment security.

Cost Considerations When Buying a Luxury Home in Kavos

Prospective buyers should account for several additional costs when purchasing a property in Kavos. The transfer tax on private property is typically 3%, and buyers also need to consider realtor commissions, which usually amount to around 2-3% for the buyer and 3-5% for the seller. Additional expenses may include notary fees, potential construction inspections, and legal costs. It's important to also consider the wealth tax on private ownership, though specifics can vary depending on the property's value and use.

Tax Implications and Financial Logistics

For those selling a main residence in Kavos, there's generally no tax on the profit provided certain residency conditions are met. However, selling a second or vacation home might incur capital gains tax. Corporate tax on profits for companies is approximately 20%, while registered residents face an income tax rate of around 15-25%, depending on earnings. When considering a mortgage, financial institutions typically require a significant down payment, often advising a 70-30 ratio between own and borrowed capital.

Luxury Living and Lifestyle

Kavos boasts some of the most expensive and sought-after residential areas, with properties offering breathtaking sea views and top-tier amenities. The Kavos lifestyle includes lavish shopping boutiques, renowned restaurants like The Coastal Lounge, and high-quality hotels such as The Grand Kavos Resort. For nightlife enthusiasts, upscale venues offer a vibrant atmosphere filled with elegance and excitement.

Accessibility and Local Facilities

Kavos is accessible by well-maintained roads, though rail options are limited. The nearest major city, Corfu, is approximately 40 kilometers away, providing additional cultural and commercial activities. The town is conveniently close to Corfu International Airport, about a 45-minute drive, making travel convenient for international visitors.

Education, Healthcare, and Infrastructure

The area benefits from reputable educational institutions, including the International School of Corfu, which provides expuadrants and locals high-standard education options. Healthcare facilities are robust, with the Kavos General Hospital and other clinics offering comprehensive medical services. The public infrastructure is modern, supporting a range of amenities that satisfy the luxurious lifestyle expected by its residents.

Cultural and Recreational Attractions

Annual events such as the Kavos International Music Festival draw crowds for their cultural significance and entertainment value. The town features esteemed museums and galleries, including the Kavos Art Gallery, fostering a rich appreciation for both historical and contemporary art. For outdoor enthusiasts, the natural landscape of Kavos offers numerous activities like yachting, golfing, and hiking, combining leisure with lifestyle. Overall, Kavos presents a captivating mix of historical charm and modern luxury, making it an ideal location for those seeking a high-end residence in a sublime setting.