San Lorenzo, with a rich history and structures dating back centuries, offers an exciting contrast between old and new. Its historical sites, such as the Church of San Lorenzo, bear witness to its vibrant past. Geographically, San Lorenzo is located in the mountainous region, surrounded by stunning vegetation and panoramic views. Its proximity to the nearest largest city, San Felipe, provides convenient access to urban amenities.
Luxury Property Market in San Lorenzo
The current market for exclusive properties in San Lorenzo is stable. The demand for luxury homes and apartments in San Lorenzo remains constant, nicely balancing with the supply.
Political and Economic Stability
San Lorenzo, enjoys admirable political and economic stability, ensuring that any real estate investments are secure and profitable.
Costs of Buying Luxury Property
When purchasing a luxury home in San Lorenzo, additional costs to consider include the transfer tax (2% in San Lorenzo), real estate agent commissions (2% for buyers), notary fees, and possible building inspection or legal costs.
Real Estate Taxes
The wealth tax for privately owning a home in San Lorenzo is 1%. Residents do not have to pay taxes on gains made when selling a privately-owned home that is used as a main residence. However, if the house is used as a second home or rental property, taxes must be paid on those gains.
Mortgages in San Lorenzo
Mortgage requirements in San Lorenzo stipulate that the buyer must have at least 20% own capital and demonstrate the ability to meet mortgage payments.
Luxury Residential Areas in San Lorenzo
The most sought-after residential areas for luxury properties include the prestigious Pine Hill and the exclusive River District.
Access to San Lorenzo and Local Services
San Lorenzo is easily accessible by road and rail, is approximately 45 minutes drive from the nearest city, San Felipe, and only two hours from major airports. It has a variety of schools, universities, and high-quality training institutions in its vicinity.
San Lorenzo Attractions
San Lorenzo offers a variety of outdoor sports activities, including hiking, tennis, and golf. In addition, it has luxury boutiques, high-quality hotels like the Grand San Lorenzo and famous restaurants like Casa del Lago. Host to cultural and sports festivals, San Lorenzo is bursting with activities throughout the year.
Services in the Vicinity
San Lorenzo has excellent public infrastructure with several hospitals and clinics nearby, ensuring a high quality of life for its residents.
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