Nestled in the heart of the charming Provence-Alpes-Côte d'Azur region, Fayence is a town rich in history and natural beauty. Once considered a fortified castle, it is teeming with remnants of the past like its three medieval gates and its Clock Tower. Its strategic geographical location, perched on a hill with panoramic views over the surrounding plain, makes it a popular place for the purchase of luxury residences.
Real estate in Fayence
The real estate market in Fayence is currently stable, offering a diverse selection of luxury homes and apartments. Demand aligns with supply, thanks to positive economic and political trends in the region. You should anticipate the real estate commission when buying a house in Fayence. This cost is usually divided between the buyer and the seller, with the fee varying according to the property's value. Additional costs, such as the transfer tax, notary fees, possible building inspection fees, and legal fees should also be included in the budget.
Taxation in Fayence
Taxation in Fayence is fairly standard, with a percentage of transfer tax on private properties. There's also a wealth tax on private home ownership in Fayence. Sellers should also be aware of taxes imposed on profits made from selling a private home in Fayence, regardless of its use. The percentage varies whether the property is a primary residence, secondary residence, or vacation home.
Mortgage loan in Fayence
General requirements for obtaining a mortgage for the purchase of a house in Fayence are in line with national standards. This includes an acceptable ratio between equity and borrowed capital, as well as respectable income criteria. The maximum amount that can be borrowed against the purchase price varies depending on different banks and the borrower's profile.
Residential areas in Fayence
Fayence hosts several exclusive residential districts including Tourrettes, near the renowned Terre Blanche Golf Course. Accessibility to Fayence is excellent with a well-developed road network and nearby train stations. Fayence is less than 60 kilometers from the metropolis of Nice, with the Nice-Côte d'Azur airport providing national and international connections.
Education and Infrastructure in Fayence
In terms of education, Fayence is close to reputable institutions like the Nice Sophia Antipolis University. The natural environment of Fayence is stunning with forests, lakes, and flora reminiscent of Provence. The climate is Mediterranean with hot summers and mild winters. For luxury shopping enthusiasts, the neighboring city of Cannes offers a multitude of high-end boutiques. There is no shortage of hotels, restaurants, and entertainment venues in Fayence and the surrounding areas, with prestigious establishments like the Château de Berne. For culture and art, the Fayence Museum and the Centre d'Art La Malmaison in Cannes are must-visit sites.