Oggebbio - Cannobio - Ghiffa

Nestled on the shores of Lake Maggiore, Cannero Riviera is a historical town infused with charm and elegance. Its roots trace back to the Roman period, enriching the landscape with several notable historical wonders such as the Castelli di Cannero ruins. This picture-perfect location resides in the Province of Verbano-Cusio-Ossola, in the northern tip of Italy, offering breathtaking views of the enchanting lake and the Swiss Alps.

The Luxury Property Market in Cannero Riviera

In recent years, the exclusive property market in Cannero Riviera has remained stable with a modest growth trend. The supply of luxury homes and apartments moderately outweighs the demand, offering buyers a diverse selection of properties. Despite the broader economic uncertainties, Cannero Riviera remains politically stable, drawing in affluent individuals seeking a luxury Italian lifestyle.

Costs and Taxes Associated with Property Purchase

The average real estate commission varies, ranging up to 4% for both the buyer and seller. In addition to the property price, potential buyers should consider additional costs including transfer tax, notary fees, and possible construction inspection or legal costs. Currently, the transfer tax on private property stands at 9% for luxury properties. For residents, the wealth tax on private house ownership is 0.76% of the property's cadastral value. Sellers do not pay tax if the home or apartment is their main residence, however a tax of 26% on the profit applies for properties used as a second or vacation home.

Income & Corporate Taxes

For registered residents of Cannero Riviera, the personal income tax scale begins at 23% on the first €15,000 and rises to 43% on income over €75,000. Corporate tax stands at 24% for registered companies.

Mortgage Requirements and Coverage

To secure a mortgage in Cannero Riviera, prospective homeowners need to provide a 20% down payment while up to 80% of the purchase price can be financed through a mortgage. Additionally, income proof is required to confirm repayment capability.

Location, Infrastructure & Accessibility

Cannero Riviera, a community of approximately 1,000 residents, beckons with its stunning waterfront landscapes and Mediterranean-like climate. The city's luxury properties are primarily located in the Riviera and Carmine Superiore districts, offering close proximity to high-quality schools and universities. Accessibility is seamless, with ample road and rail networks. The town is roughly 40 kilometres from the pulsating city centre of Verbania. When it comes to air travel, Milano Malpensa Airport is 80 kilometres away, acting as the primary hub for both national and international flights.

Lifestyle & Amenities

Cannero Riviera is not just a tranquil lakeside town but it also embraces the opulent lifestyle. It provides a gamut of outdoor activities ranging from sailing, tennis to hiking. For shopping enthusiasts, top-notch boutiques and luxury lifestyle shops line the charming streets. The culinary scene is rich, boasting renowned restaurants such as Ristorante Albergo Giardino. The town also hosts various historical, cultural, and sporting events annually. In terms of medical facilities, Cannero Riviera is in close proximity to notable hospitals and clinics such as Ospedale Castelli di Verbania. Public infrastructure is well-developed, ensuring a comfortable and convenient lifestyle for residents. The town truly encaptures an exuberant Italian charm, making it an ideal destination for luxury living.