Nomad Watch

Essentials

City
Vathy, Ithaca (Ithaki), Ionian Islands, Greece
Population
3,200
Internet Speed
Average 45 Mbps (VDSL available in Vathy; Starlink is highly recommended for stable 150+ Mbps)
Currency & Banking
1 EUR ≈ 1.09 USD. Greek banks include Piraeus Bank and National Bank of Greece in Vathy.
Tap Water
Not drinkable (High mineral content). Locals use bottled water or communal filtered dispensers.
Power
230V, 50Hz, 🔌 Type C/F sockets
SIM Card
Cosmote (best coverage), Vodafone, and Nova. 20GB for approx. €15.
Banking for Expats
Revolut and N26 are widely used; local ATMs accept Visa/Mastercard.
Accommodation
Traditional stone villas, seaside apartments, and boutique hotels in Vathy and Kioni.
Cashless Friendly
Mostly. POS terminals are mandatory in Greece, but small tavernas prefer cash.
Short Term Rentals
Airbnb and Booking.com. Prices range from €50-€120 per night.
Budget Accommodation
Mentor Hotel (Vathy), approx. €65 per night in shoulder season.
Best Area to Stay for Tourists
Kioni for its picturesque harbor and upscale dining.
Best Area to Stay for Digital Nomads
Vathy (Capital) for year-round services, supermarkets, and the port.

Working and Networking

Best Coworking Space
None dedicated. Most nomads work from 'The天井' (The Loft) or quiet hotel lobbies.
Best Cafe for Work
Libretto Cafe (Vathy) - reliable Wi-Fi, power outlets, and great coffee.
Networking Events
Informal meetups at the Vathy Yacht Club during the sailing season.
Social Events for Expats
'Ithaca International' Facebook Group organizes occasional gatherings at Poseidon Bar.

Transportation

Best Taxi/Ride App
No apps. Local Taxis (Ithaca Taxi Service) available at Vathy square (+30 26740 33069).
Bike/Scooter Rental
Alfa Rentals (Vathy). Scooters approx. €20-€30/day.
Best Beach Nearby
Gidaki Beach (accessible by boat from Vathy or hiking trail).
Top Regional Airline
Olympic Air / Sky Express (flights to nearby Kefalonia Airport EFL).
Top International Airline
Aegean Airlines, Ryanair (to Kefalonia or Preveza).
Highway Access
No highways. Narrow, winding coastal and mountain roads connect the island.
Main Train/Transit Hub
Piso Aetos Port (Ferry connections to Kefalonia, Patras, and Astakos).
Public Transport Passes
Local KTEL bus (approx. €2-€5 per trip). No monthly passes.
Regional Travel
Ferry to Kefalonia (Sami) takes 40 minutes via Ionion P. Lines (approx. €5).

Health and Wellness

Best Hospital
Vathy Health Center (Public). Serious cases transferred to Argostoli Hospital, Kefalonia.
Yoga & Wellness Centers
Ithaca Yoga Retreat (near Perachori) offers seasonal classes and workshops.
Gyms & Fitness Centers
Outdoor training at the Vathy Nautical Club area; no commercial indoor gyms.
Laundry Services
Self-service laundry available at 'The Bubble' near Vathy harbor.

Food and Drink

Best Food Delivery App
None. Manual phone orders to local pizzerias like 'To Kantouni'.
Best Local Dish to Try
Savoro (fish with rosemary, raisins, and vinegar) or Rovani (honey cake).
Vegan/Vegetarian Options
O Nikos (Vathy) - offers traditional veggie dishes like Briam and Gemista.
Best Dessert Spots
Dodoni Ice Cream (Vathy) and local bakeries for Rovani.
Affordable Shopping Spots
AB Food Market (Piso Aetos road) for competitive prices.
E-commerce/Online Store
Skroutz.gr (The Greek Amazon) for all tech and home goods.
Grocery Delivery
Local supermarkets like Spar (Vathy) offer delivery via phone request.
Bar/Nightlife Area
Vathy Harbor. 'Mylos' for cocktails and late-night music.
Local Brewery
None on-island. Nearby: Kefalonian Beer (Red and Gold ale) is widely served.
Wine Bars
Yefuri (near Platrithrias) offers a curated selection of local Ionian wines.
Street Food Stalls
Gregory's Souvlakia (Vathy square) - Gyros for approx. €4.50.
Popular International Cuisine
None significant; the island strictly adheres to Greek and Mediterranean cuisine.

Culture and Attractions

Must-See Landmarks
Kathara Monastery for panoramic views of the island and bay.
Museums & Art Venues
Archaeological Museum of Vathy (Small but significant Mycenaean finds).
Historical Sites
The Cave of the Nymphs and the School of Homer archeological site.
Religious Sites
Church of Panagia Spiliotissa (Cave church accessible via hiking).
Annual Events
Wine Festival in Perachori (August) and Vathy Panigiri (August 15th).
Cultural Districts
Anogi Village for its monolithic stones and medieval church.
Theater Venues
Open-air theater at the primary school in Vathy during summer festivals.
Local Markets
Occasional fish market at the Vathy docks early mornings (07:00).
Music Scene
Traditional 'Cantades' (Ionian songs) performed at village festivals.
Street Art
Minimal. Ithaca focuses on preserving its traditional architectural heritage.
Cooking Classes
Private sessions at Levendis Estate (Northern Ithaca).
Art Galleries
Local art exhibitions often held at the Cultural Center 'Ithaka'.
Historic Buildings
The Lazaretto building on the small island in Vathy harbor.
Local Heritage
Odysseus; the island is the legendary home of Homer's hero.

Nature and Outdoor Activities

Nearby Nature Escapes
Afales Bay for dramatic white cliffs and turquoise water.
National Parks Nearby
Mount Ainos National Park (located on the neighboring island, Kefalonia).
Cycling/Walking Paths
The trail from Anogi to Kioni (approx. 2 hours, well-marked).
Scenic Viewpoints
The road above Vathy at sunset, overlooking the entire fjord-like bay.
Birdwatching Locations
Vathy bay wetlands during the spring migration (March-April).
Bonfire-Friendly Spots
Strictly prohibited due to forest fire risk; controlled fires only in winter.

Other Services and Amenities

Parcel Delivery Service
ELTA (Greek Post) and ACS Courier in Vathy.
Tech Repair Services
None. Most locals use repair shops in Argostoli (Kefalonia).
Table Tennis Spots
Local sports court area in Vathy.
Language Classes
Private Greek tutors available; check notices in the Vathy supermarket.
Libraries & Study Spots
The Public Library of Ithaca (Kapi) – quiet but limited afternoon hours.
Community Centers
Cultural Center of Ithaca (Vathy waterfront).
Gaming Lounges
None available.
Casino & Gaming Halls
None. The nearest is in mainland Greece (Patras).

Business

Studio Purchase Price (City Center)
Approx. €3,000 per m² (e.g., 40 m² = €120,000 in Vathy harbor).
Studio Purchase Price (Outside City)
Approx. €2,200 per m² (e.g., 40 m² = €88,000 in Stavros village).
1-Bedroom Purchase Price (City Center)
Approx. €2,800 per m² (e.g., 60 m² = €168,000).
1-Bedroom Purchase Price (Outside City)
Approx. €2,100 per m² (e.g., 60 m² = €126,000).
2-Bedroom Purchase Price (City Center)
Approx. €2,600 per m² (e.g., 80 m² = €208,000).
2-Bedroom Purchase Price (Outside City)
Approx. €1,900 per m² (e.g., 80 m² = €152,000).
Corporate Tax
22%
Dividend Withholding Tax
5%
Tax System
Resident-based/Worldwide income; Greece offers a 7% flat tax for retirees/qualifying digital nomads for 15 years.
Highest Income Tax Bracket
44% (for income over €40,000)
VAT
24% (standard), reduced rates for certain essentials.
Controlled Foreign Company (CFC) Rules
Yes, EU-synchronized anti-tax avoidance rules apply.
Property Tax
ENFIA (Annual tax based on location, age, and size; varies significantly).
Property Transaction Tax
3.09% of the property value.
Attractive Tax System for Digital Nomads
Digital Nomad Visa offers a 50% income tax reduction for the first 7 years for those relocating.

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