Nested in northwestern Italy's Piedmont region, Acqui Terme, a historic city known for its hot springs, offers a picture-perfect setting for the luxury lifestyle. Surrounded by vine-covered hills and crowned with ancient castles, Acqui Terme’s unparalleled charm dates back to Roman times making it a compelling destination for history buffs. Known landmarks include the ‘La Bollente’ fountain and the Cathedral of Santa Maria Assunta. Geographically, it's nestled about 35 km away from the Ligurian Sea and about 120 km southeast of Milan.
Exclusive Property Market in Acqui Terme
The exclusive property market in Acqui Terme is stable, experiencing a steady demand for luxury homes and apartments that matches the current supply. High-end refurbished villas, prestigious rural homes, and apartments with panoramic views fill the market, making Acqui Terme an attractive investment hub.
Political and Economic Situation
Acqui Terme’s political and economic situation is stable, with strong leadership and a steady economy. This stability extends to the robust real estate market and the attractive lifestyle it offers.
Real Estate Commission and Additional Costs
When buying or selling a house in Acqui Terme, buyers and sellers can anticipate an average real estate commission of around 3-5%. Additionally, they should be prepared for transfer taxes, notary fees, and possible construction inspection or legal costs. The transfer tax on private property is about 10%, but this is reduced to 3% if the property is designated as the main residence.
Taxes in Acqui Terme
The wealth tax on private ownership properties in Acqui Terme is about 0.2%. Tax on profit from selling a privately-owned home varies, but if it's the individual's primary residence, they may be exempt. However, profits from selling a second/vacation house are usually taxable. The corporate tax rate stands at 24%, while income tax for registered residents ranges between 23% to 43% based on income.
Mortgage Requirements and Limitations
The general requirement for obtaining a mortgage in Acqui Terme involves a 30-50% down payment of the property's price along with proof of income to cover the mortgage. Some banks might offer up to 80% of the purchase price as a mortgage.
Top Residential Areas and Accessibility
The most exclusive residential areas in Acqui Terme are in the city center and the hillside regions that offer panoramic views. With an efficient road and rail network, the city enjoys easy access to surrounding areas and Milan, its nearest big city, about 120km away.
Local Amenities
Acqui Terme is part of the province of Alessandria and home to over 20,000 inhabitants. Its rich landscape is decorated with parks, nature reserves, and the Bormida river. The city's climate is generally mild and temperate, offering many outdoor activities like hiking, cycling, and vineyard tours.
Luxury Lifestyle and Culture
Acqui Terme offers a variety of luxury shops ranging from fashion boutiques to gourmet food and wine stores. Renowned hotels include the Grand Hotel Nuove Terme, while the acclaimed Ristorante La Curia and I Caffi are popular for fine dining. The city's golf clubs and casinos offer an enhanced luxury lifestyle.
Historical and cultural events include the annual "Acqui Storia" festival and prestigious horse races. Local museums and galleries enrich the city's vibrant art scene. Healthcare needs are catered to by several hospitals and clinics in the vicinity. In terms of public infrastructure, Acqui Terme boasts well-maintained roads, efficient public transport, and a range of amenities such as schools, including the renowned University of Eastern Piedmont.
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