Carovigno, nestled in the lush Italian province of Brindisi, is steeped in ancient history reflected in sights like the medieval Dentice di Frasso Castle, and the historical town square. Situated on the Adriatic Coast, Carovigno offers residents breathtaking sea views, a luxuriously serene lifestyle and rich cultural experiences. Its strategic location and its proximity to the cities like Brindisi and Lecce give it an edge for those looking for a blend of tranquillity and city life. This charmingly quaint town is renowned for its fertile land, giving rise to its famous olives and wine.
The Luxury Real Estate Market of Carovigno
The current market for exclusive property in Carovigno is stable despite global real estate trends. The supply of luxury homes and apartments comfortably meets the demands of local and international buyers. Nestled within the political and economically stable region of Apulia, Carovigno provides a secure investment opportunity for luxury home buyers.
Costs and Tax Considerations for Property Buyers
Purchasing a luxury home in Carovigno comes with additional costs aside from the property price. These include a real estate commission payable by both the buyer and seller which averages around 3-5% of the purchase price, as well as notary fees, possible construction inspection costs, and legal fees. The transfer tax for properties in Carovigno is currently set at 9% of the cadastral value.
Buyers should also take into account the wealth tax, which is typically around 0.76% of the property's value. Tax on profit from selling a privately owned home varies, with exemptions for main residences and a 20% capital gains tax for second homes sold within five years of purchase. Corporate tax for registered company profits in Carovigno is 24%, while income tax for registered residents ranges.
Mortgage Requirements in Carovigno
Mortgage requirements in Carovigno typically mandate that a buyer's debt-to-income ratio does not exceed 40%. In most cases, it's possible to take out a mortgage of up to 80% of the property’s purchase price.
Prime Real Estate Locations and Accessibility
Luxury homes in Carovigno are highly sought and tend to be situated near the coastline and in the vicinity of historical town areas. The town boasts excellent connectivity via road and rail, being a stone's throw from the Brindisi-Lecce highway and having its own railway station. Carovigno is around 30km from Brindisi, the nearest city, and approximately 40km from Brindisi-Salento Airport.
Local Amenities and Lifestyle
The town of Carovigno houses renowned schools and universities like the Junior School Carovigno and the University of Salento nearby. Enveloped by nature, Carovigno is perfect for outdoor sports like hiking and sailing, and hosts several annual sporting events.
The thriving high-street offers a range of luxury lifestyle shops, from designer boutiques to high-end home decor stores. The town boasts quality restaurants like Osteria del Merlo and notable hotels such as Relais Masseria Caselli. Local attractions include the Castle of Carovigno and the Teatro Comunale Vincenzo Spagnoletti. The healthcare infrastructure is robust with hospitals like Ospedale Perrino nearby.
Carovigno truly encapsulates the essence of luxury living, offering a blend of cultural richness, natural beauty, and a thriving exclusive property market, making it the perfect place to call home.
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