Located in the heart of the country with a cosmopolitan and vibrant lifestyle, Garden City celebrates its rich history and traditions. With numerous historical places, the charm of the past is breathed in every corner of the city. Its prime location allows you to enjoy both urban landscapes and the proximity to quiet rural areas, providing a perfect balance for a luxurious life. Next, we will explore in detail the exclusive lifestyle of Garden City and analyze the local real estate market.
Luxury Real Estate Market in Garden City
The exclusive properties market in Garden City is strong and stable, thanks to the constant demand balanced with supply. Buyers and sellers can expect an average real estate commission of 6%. Garden City's politics and economy are stable, which promotes confidence in the real estate market.
When buying a luxury home, it's important to consider some additional costs, such as the transfer tax (2% in Garden City), notary fees, building inspections, and potential legal costs. Additionally, depending on the use of the property, capital gains taxes may apply.
Regarding taxes, it's worth noting that the wealth tax in Garden City is 0.2%, while the corporate income tax and the income tax are 22% and 25% respectively.
Finance and Mortgages in Garden City
Generally, to get a mortgage for a house in Garden City, a balance is expected between own and external capital, and income consideration. You can receive a mortgage of up to 80% of the property purchase price.
The Best of Life in Garden City
Garden City is known for its exclusive residential areas and excellent accessibility by both road and rail. The nearest major city to Garden City is City One, just 30 km away. Also, it's conveniently located within a short distance from several national and international airports.
It offers excellent schools and universities, enriched by the presence of top-level institutions like the University of Garden City. The current population is around 250,000 inhabitants.
Entertainment and Opportunities in Garden City
Surrounded by stunning natural landscapes, the city offers a wide range of outdoor activities. Shopping lovers will find luxury stores, while the culinary offer is diverse and delicious, with award-winning restaurants like the Gourmet Walk. The nightlife is vibrant, with exclusive bars and nightclubs, and stylish casinos.
Garden City hosts various historical, cultural and sports events annually. It harbors famous museums and galleries and features a renowned theater that attracts high-level productions. The public infrastructure is excellent, and services are easily accessible, including high-quality hospitals and clinics.
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