Immersed in Northern Italy's Lombardy region, Como is a city teeming with rich history, grounded in its Roman roots and preserved in its Gothic architecture and ancient sites like the Basilica di Sant'Abbondio. This famous lakeside city highlights the romance of yesteryears in places like the medieval walls surrounding the old town and the stunning Romanesque Como Cathedral. Located at the southwestern tip of Lake Como, it enjoys a mesmerizing alpine backdrop, offering an exclusive combination of natural beauty, culture and history.
The Current Exclusive Property Market in Como
Enjoying a stable market, Como offers a diverse bet for luxury home investors. Despite global economic oscillations, Como has consistently proven to be a haven for high-end properties, reflecting strong demand against a lucrative supply of luxury homes and apartments.
Political and Economic Situation in Como
With a solid political environment under the regional Lombardy government, Como has a promising economic scene buoyed by tourism and a steadily growing luxury real estate market.
Understanding the Costs of Buying a Property in Como
Typically, a buyer in Como might pay an average of 3% to 5% real estate commission. A seller, however, might pay around 5% to 7%. Additional costs include transfer tax, notary fees, realtor commissions, and potential construction inspection or legal costs. The transfer tax on private property is usually 9% of the property’s cadastral value. As for wealth tax, it ranges around .076% of the property value determined by the local council.
Taxes in Como
In Como, tax on profit for a main residence property sale is exempt. For a second home or vacation home, a 26% tax on the profit is levied. Corporate tax stands at 24%, whilst income tax starts at 23% and can increase progressively based on income levels.
Mortgage Requirements in Como
Generally, foreign buyers in Como can secure a mortgage covering 60% to 80% of the property's purchase price, given that they meet the stipulated income requirements.
Premium Residential Areas in Como
Villas overlooking Lake Como in residential areas such as Brunate, Cernobbio, and Bellagio are among the most expensive and sought after properties.
Accessibility and Proximity of Como
Como is well-connected by road and rail with Milan being the closest substantial city, just about 50 kilometers away. National and international airlines are served by Milan Malpensa Airport, just over an hour's drive away.
Education in Como
Como supports robust educational institutions including the Como Campus of Politecnio di Milano, Liceo Classico "Alessandro Volta" and International School of Como.
About Como and its Activities
Falling within the province of Como, this city houses over 84,000 inhabitants. As a retreat with a mild climate, stunning water views and its famous hills, Como is a haven for outdoor activities such as boating on Lake Como, hiking in Mount Brunate, or golfing at Golf Club Villa d'Este. Luxury shopping includes retailers such as Tessabit and Bernasconi. Dinner at the Michelin-starred I Tigli in Theoria, a night at the theatre in Teatro Sociale, or a room with a view in Hotel Villa Flori reveal the unrivaled lifestyle Como provides.
Healthcare and Public Infrastructure in Como
Como is home to well-equipped hospitals and clinics like Valduce Hospital. Its public infrastructure is top-notch, providing all necessary amenities with public services operating efficiently. With its high standard of living, Como is more than a city; it's a lifestyle.
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