Diano Castello, nestled within the mountainous region of Liguria in Italy, boasts of history stretching back to the Middle Ages. Its heritage is reflected in the beautiful, centuries-old architecture undulating through winding cobbled streets. The city is renowned for its ancient castles and churches, such as the spectacular Church of St. Nicholas. Strategically located, it enjoys close proximity to both the Ligurian Sea and the Maritime Alps, offering an exceptional lifestyle enriched by culture, history, and nature.
The Luxury Real Estate Market in Diano Castello
The exclusive property market in Diano Castello is currently stable and robust, displaying an increasing demand for luxury homes and apartments. High-end residencies in sought-after areas such as Via Serenora are in particular demand. The political and economic situation upholds the stability, attracting potential buyers and property investors.
Cost of Buying Luxury Property In Diano Castello
Buying in Diano Castello is subject to various fees. Buyers and sellers can expect to pay around 2-3% in real estate commission. Transfer tax, notary fees, inspection, and legal costs should also be factored into the budget. The transfer tax on private property in Diano Castello varies based on the type of property and its declared value but is generally around 9%. As for the wealth tax, it remains steady at 0.76%.
Taxes on Property Sales
Taxes on the profit from selling a privately-owned residence in Diano Castello depend on the usage of the property. Profits gained from selling primary homes are generally tax-free. However, selling a second or vacation home could result in a capital gains tax, which is chargeable at 20% on the profit.
Business and Income Taxes
Corporate tax rates in Diano Castello are comparable with the rest of Italy, set at 27.90%. Meanwhile, the income tax rate for the residents of Diano Castello varies depending on income, averaging between 23% - 43%.
Mortgage Requirements
Typically, a potential homeowner can borrow up to 80% of the property's purchase price, provided their total debt does not exceed one-third of the income.
Location and Accessibility
Diano Castello is well connected by road and rail routes, facilitating easy access to the nearest metropolitan city, Genoa, only 114 km away. Diano Castello is also conveniently situated roughly 100 km from Nice, France, and 235 km from Milan, offering international connections through Nice Côte d'Azur and Milan Malpensa airports.
Education and Health Facilities
Diano Castello is close to primary schools, including Collegio San Giuseppe. It is also within reach of universities such as the renowned University of Genoa.
Lifestyle in Diano Castello
Residing in Diano Castello means residing amidst nature's grandeur, with breathtaking landscapes, a mild Mediterranean climate, and an extensive array of outdoor pursuits such as yachting, hiking, or golfing at the nearby Garlenda Golf Club. The city also has luxury shops lining its streets with a variety of high-end brands.
Hotels, Restaurants, and Nightlife
Luxurious accommodation options include Hotel Villa Della Pergola. High-quality restaurants such as Guida Ballerino provide the pinnacle of Italian cuisine. Despite its historical charm, Diano Castello also offers a vibrant nightlife.
Annual Events and Cultural Institutions
Diano Castello is home to the annual Medieval Festival, which aims to recreate the historical period. There are several significant cultural institutions, including the Alvio Giorgetti gallery.
Healthcare and Infrastructure
Diano Castello's infrastructure is well developed, providing a wealth of amenities from shopping to healthcare services. There are several hospitals nearby, including Ospedali Santa Corona and Ospedale San Paolo. Therefore, living in Diano Castello combines the peace of a rural retreat with the conveniences of modern living.
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