Nestled amidst the verdant hills of Arrábida Natural Park and overlooking the hypnotizing blue of the Atlantic, Sesimbra is a historical town teeming with charming facets of Portugal's vibrant past. From the well-preserved Moorish castle, Castelo de Sesimbra, to the 18th-century maritime Fortaleza de Santiago, Sesimbra boasts an endless array of historical sights that mirror its significant past. This stunning coastal town is conveniently located in the Setúbal District, just about 40 kilometers south of Lisbon. With its natural wealth of sandy beaches and verdant landscapes, Sesimbra presents an alluring blend of history, nature, and luxury lifestyle to those seeking a prestigious life.
A Glance at Sesimbra's Exclusive Property Market
Presently, the luxury property market in Sesimbra remains strong and stable, thanks to the ever-increasing demand that surpasses the supply of high-end homes and apartments. The vibrant political and economic scenario further strengthens its property market, making it an attractive spot for investing in luxury real estate.
Understanding Costs Related to Buying Luxury Property in Sesimbra
Typically, the real estate commission fee is around 5%, which is usually shared equally between the buyer and the seller. Additional costs include transfer tax (IMT) at a variable rate, notary fees and legal costs. It's important to factor in possible inspection costs if the property is under construction.
Tax Considerations in Sesimbra
Transfer tax on private property in Sesimbra can be up to 6.5 percent. The wealth tax is around 1% on high-value properties. Taxes are payable on the profit made when selling a private property that is not a primary residence. Corporate tax for registered companies and income tax for Sesimbra residents is 21% and up to 48%, respectively.
Mortgage Requirements for Buying a House in Sesimbra
Obtaining a mortgage typically requires a minimum of 20% own capital, and a steady income is necessary to cover the loan's monthly payments. Generally, buyers can expect to obtain a mortgage of up to 80% of the purchase price.
Uncovering the Luxury Neighborhoods & Amenities of Sesimbra
The most exclusive residential areas include the seafront zones and the area along the verdant stretch of the Arrábida mountain range. Schools such as Navegantes High School and universities like Piaget Institute are a short distance away. The town is also well served by hospitals, including Hospital Nossa Senhora do Rosário.
Sesimbra is well connected by road and rail, and with Lisbon Portela Airport less than an hour's drive, international access is excellent.
Experiencing Sesimbra's Luxury Lifestyle and Amenities
Sesimbra is a haven for outdoor enthusiasts with sailing, diving, and hiking among popular pursuits. The town's high-end shopping, dining, and nightlife scenes are vibrant. Showcasing well-known restaurants like Casa Mateus, luxury hotels like SANA Sesimbra Hotel, and fashionable boutiques, it offers a fulfilling lifestyle in picturesque surroundings.
The town is also rich in culture, hosting annual events such as the Carnival of Sesimbra. Cultural attractions include the Museu do Mar Rei D. Carlos and the Sesimbra Municipal Library.
Fulfilling Your Luxury Lifestyle Dream in Sesimbra
With its stunning landscape, stable property market, relaxed luxury lifestyle, and high-end amenities, Sesimbra provides a captivating choice for those seeking a prestigious lifestyle. The town combines all the essential elements, history, nature, and luxury, to present a perfect setting for an upscale life. Seize the opportunities of this exclusive property market and experience the charm of living in the luxurious paradise of Sesimbra.
Keep in mind that property market and tax details can fluctuate, so it is always prudent to engage the services of a legal expert well-versed in Portuguese real estate law to ensure all financial aspects are clear before closing any real estate deal.
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