Trizonia - Paralia Porovitsas - Kokkoni

Parnassos, a captivating destination located in Central Greece, is rich in history and culture. Known for majestic mountain ranges, lush landscapes and picturesque coastal lines, Parnassos is also home to magnificent historical sights such as the ancient sanctuary of Delphi and the wonderful Cave of Korykion Andron. Nearby, the iconic Gulf of Corinth offers a stunning backdrop for coastal property. This historical richness and geographical location make Parnassos a covetable address for those seeking luxury real estate properties.

Real Estate Market Trends & Stability in Parnassos

The exclusive property market in Parnassos is currently strong and stable. There's a high demand for luxury homes and apartments, primarily due to the area's combination of rich cultural history, picturesque sceanery and stable political and economic situation. While specific real estate commission rates may vary depending on the property and the agency involved, buyers and sellers can expect to pay an average of 2-3% of the property’s selling price.

Costs Associated With Buying Luxury Property in Parnassos

In addition to the purchase price, buyers should consider other expenses involved in the transaction. These expenses can include transfer tax, which stands at 3.09% on private property in Parnassos, and realtor commissions, notary fees, and possible legal or construction inspection costs. The wealth tax is also an important component, calculated annually at a default rate of 0.2% on private property ownership.

Taxation on Property Sales in Parnassos

When itcomes to selling a privately-owned home in Parnassos, there are tax considerations to be accounted for. If the property has been your main residence, it will be exempt from tax on the profit made. However, if the property is a second home or vacation property, the profit made will be subjected to tax at a rate consistent with the personal income tax rates. The corporate tax in Parnassos is 28%.

Mortgage & Housing Loan Requirements for Property in Parnassos

As for financing, mortgage requirements vary, but typically, foreign buyers need to provide a higher down payment, and the amount of mortgage one can get is usually 70% of the purchase price.

Most Sought After Residential Areas in Parnassos

The most sought after residential areas include the coastal lines near the Corinth Gulf and the mountain-side areas of Delphi where luxury villas are reputed for their stunning views and opulence.

Accessibility & Amenities in Parnassos

Located in the Phocis area, Parnassos is home to roughly 6000 residents. Its natural environment is characterized by the Parnassus mountain range, fertile plains and the Corinthian Gulf. Accessibility is easy, due to well-connected roads and proximate local and international airports like Athens and Patras Airport. Key facilities include the University of Central Greece, Parnassos Hospital, the Delphi Archaeological museum, and high-quality hotels and restaurants such as the European Cultural Centre of Delphi, and the Aegli Resort & Spa, indicative of Parnassos's commitment to a luxury lifestyle.

Recreational Activities & Attractions in Parnassos

Outdoor enthusiasts can enjoy skiing at the Parnassos Ski Center, hiking and nature walks in the verdant areas. Art lovers can explore local theaters and cultural centers, and the annual Delphic Festivals. For those who enjoy luxury shopping, retailers like the Delphi Handmade Arts shop offer a plethora of upscale products. In effect, Parnassos offers a unique blend of a luxurious and adventurous lifestyle.