Enriched by a profound history and picturesque historical sites, Vence, a pearl of the French Riviera, is nestled between the mountains of the Alpes-Maritimes and the Mediterranean Sea. In addition to its diverse cultural heritage, Vence is recognised for its premium real estate appeal. Surrounded by remarkable cities, it is less than an hour from Nice and Cannes.
Vence's Exclusive Real Estate Market
Vence's real estate market remains strong and robust, with sustained demand for luxury houses and apartments. Despite a plentiful supply, high-end real estate in Vence is still sought after. This is due to exemplary political and economic stability which reassures investors.
Costs Associated with Buying a Luxury Home in Vence
On average, the real estate commission in Vence is 5%, whether for the buyer or the seller. Transfer taxes are set at 5.80% in Vence. Notary fees, potential building inspection fees, and legal fees should also be considered in the budget.
Vence's Real Estate Taxation
There is no wealth tax on real estate in Vence. The profit made from the sale of a private home used as a main residence is tax-free. For a secondary residence, it is taxable but diminishes with the duration of ownership. The corporate tax rate is 28% for businesses registered in Vence and the income tax is progressive, potentially reaching up to 45% depending on the income brackets.
Mortgage Loan Conditions in Vence
The conditions for obtaining a mortgage loan in Vence depend on various factors including the borrower's income, personal contribution, loan period, etc. Generally, the loan-to-deposit ratio is 80/20.
Luxury Residential Areas and Accessibility of Vence
The most popular residential neighborhoods of Vence are those that offer breathtaking views of the sea or the mountains. Access to Vence is facilitated by the motorway network that connects it to Nice, Cannes and other towns in the region. Nice-Côte d'Azur International Airport is less than an hour's drive away.
Education, Infrastructure, and Recreation in Vence
Vence is equipped with high-quality education facilities, renowned health institutions, and solid public infrastructure. The city is known for its museums and art galleries. The Chapelle du Rosaire de Vence, designed by Henri Matisse, is one of the city's main tourist sites. Residents and visitors can also enjoy luxury amenities, high-end restaurants, and sophisticated entertainment establishments.
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