Florence - Lastra A Signa - Rignano Sull'arno

Settled by ancient Etruscan civilizations and later inhabited by the Romans, Tuscany has a deeply rooted history that is reflected in its iconic historical sites like the Leaning Tower of Pisa and the Cathedral of Santa Maria del Fiore. Tuscany, geographically located in central Italy, is renowned worldwide for its stunning landscapes, which comprise vine-covered hills, idyllic coastline, and the majestic Apennine Mountains. It is further characterized by its cultivated fields, olive groves, and the distinctive Cypress trees punctuating its skylines. The region serves as a host to numerous old-world villages and UNESCO World Heritage cities like Florence and Siena, enhancing its unique appeal.

Current Exclusive Property Market & Political and Economic Stability

The current exclusive property market in Tuscany is stable, with a steady increase in demand balanced by a generous supply of luxury homes and apartments. Being one of Italy's wealthiest regions, Tuscany exhibits political and economic stability, attributing to its strong information technology and biotech industries, along with its globally renowned wines and rich agricultural sector.

Tuscany Transaction Expenses

When purchasing luxury homes in Tuscany, some additional costs one might encounter include transfer tax, realtor commissions, notary fees, and possible construction inspection or legal costs. Buyers and sellers typically pay an average real estate commission amounting to 3% to 5%. Additionally, the transfer tax on private property in Tuscany varies, generally from 9% to 10%. The wealth tax for private house ownership is approximately 0.76%, and for profits from selling privately owned homes serving as main residences, no tax is required. However, tax is levied on the profit from selling a second/vacation home.

Corporate and Income Tax

Registered companies in Tuscany are subjected to the standard Italian regional production tax (IRAP), typically at 3.9%. Furthermore, income tax rates for registered residents vary based on income brackets, from 23% to 43%.

Home Loans and Mortgages

When it comes to home loans, the maximum mortgage loan usually covers up to 80% of the appraisal value or purchase price, whichever is lower. Of course, this is subject to individual financial and credit assessments.

Prime Locations and Accessibility

Tuscany hosts some of the most exclusive areas awash with luxury homes, notably along the Tuscan coastline, known as the Versilia Riviera, and in cities like Florence, Lucca, Forte dei Marmi, and Siena. The region is easily accessible via the A1 Autostrada or the Florence–Rome high-speed trains providing streamlined connections to major Italian cities.

Education, Infrastructure, and Amenities

Tuscany is home to some prestigious educational institutions, including the University of Florence and the University of Pisa. The health care sector is well-supported, with several hospitals and medical facilities, including the Careggi University Hospital in Florence. Public infrastructure is effectively maintained, with a range of amenities from supermarkets to premium lifestyle shops for a luxury living experience.

Luxury Lifestyle and Cultural Highlights

Tuscany offers a rich calendar of historical, cultural, and sporting events, along with a vibrant nightlife with upscale establishments like Harry's Bar in Florence. Renowned museums such as The Uffizi Gallery or the Palazzo Pitti add to the cultural landscape. Plus, the region's mild Mediterranean climate, diverse landscape, and coastal region offer plentiful sporting and outdoor activities, from cycling and horse riding to yachting and golfing. Tuscany actually serves as a living testament to time, where luxury living meets a rich historical backdrop, making it a coveted lifestyle destination for luxury homebuyers worldwide.