Perched on the hills of the Var department in the Provence-Alpes-Côte d'Azur region, Bormes-les-Mimosas is a town rich in medieval history, punctuated by historical sites and spectacular visual beauty. This thriving town offers a stunning view of the islands of Porquerolles and Port-Cros, nestled in the landscape of the Côte d'Azur and crowned by the Maures massif. From the Château des Seigneurs de Fos to the charming old village, Bormes-les-Mimosas will captivate every heritage and nature enthusiast.
Exclusive Real Estate Market
The exclusive real estate market in Bormes-les-Mimosas is currently stable. Demand is balanced by an elegant supply of luxury residences, from modern villas to traditional houses with sea views.
Costs and Taxes Associated with Real Estate Transactions
Purchasing a house in Bormes-les-Mimosas involves several additional costs. As in all of France, agency fees are usually shared between the buyer and the seller. The tax on the gain made from the sale of a house used as a main residence is usually exempt, under certain conditions. For rented properties or those used as second homes, a capital gains tax is payable, with a decreasing rate after five years of ownership. The wealth tax on real estate, applicable to French residents and non-residents owning property in France, may also be due on high-value properties.
Fund Mobilization
To obtain a mortgage in France, banks generally require the borrower to have a good credit history and significant personal contribution. The maximum amount that can be borrowed will vary according to each bank's criteria, including the borrower's income and expenses.
Private Residential Areas
The most popular residential neighborhoods in Bormes-les-Mimosas include the old village, with its charming flowered alleys, as well as picturesque residential neighborhoods of Cabasson and du Pin.
Accessibility
Bormes-les-Mimosas is accessible by road via the A570 and A57. The nearest train station is in Hyères, about 30 kilometers away. Bormes is also less than 20 km from the Toulon-Hyères airport.
Education and Infrastructure
Bormes-les-Mimosas has several education facilities, ranging from kindergarten to high school. Public infrastructure is well-maintained, with a varied range of health services, shops and public services.
Climate and Lifestyle
Anchored in a rich history and impressive botanical landscape, Bormes-les-Mimosas provides a luxurious living environment with an ideal Mediterranean climate. With an array of sports and outdoor activities such as hiking, cycling and water sports, Bormes-les-Mimosas will appeal to nature lovers. Luxury boutiques, gourmet restaurants and elegant nightlife venues provide an exclusive lifestyle for residents. Historical and cultural events enrich community life, notably with the presence of the magnificent Château des Seigneurs de Fos.
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