Let yourself be seduced by Mandelieu-La-Napoule, a city full of history and heritage located in the department of Alpes-Maritimes, in the Provence-Alpes-Côte d'Azur region. This charming seaside resort is famous for its Château de La Napoule, its Roman ruins, its marina, and its mimosa festival. The location of Mandelieu-La-Napoule offers a dreamy panorama with a breathtaking view of the Esterel hills and along the Mediterranean coast.
The Real Estate Market in Mandelieu-La-Napoule
Currently, the real estate market in Mandelieu-La-Napoule is relatively stable. The demand for luxury homes is constant, with a slight upward trend compared to supply. Even in times of economic uncertainty, the Mandelieu-La-Napoule real estate market is resilient, with investors still interested in the high-end properties in the region.
(here, adjust according to regional dynamics and current stats)
Real Estate Fees and Taxes
On average, the real estate commission for a buyer in Mandelieu-La-Napoule ranges between 5 to 8%, while that for a seller is generally between 3 and 5%.
In addition, when purchasing a luxury home in Mandelieu-La-Napoule, other fees must be taken into account, such as property transfer tax, real estate agent commissions, notary fees, and possible construction inspection and legal fees.
During the real estate transaction, the property transfer tax rate varies, on average, around 8.5% in France.
It should also be noted that a value-added tax of 20% applies when selling new homes in France. On the other hand, the sale of older homes ("used") is generally exempt from VAT.
As a French resident, you must pay the real estate wealth tax (IFI) if the value of your real estate assets (net of debt) is more than 1.3 million euros on January 1 of the tax year.
Real Estate Financing
In France, to obtain a mortgage, you will generally need a personal contribution of at least 10 to 30% of the purchase price. In addition, your monthly repayment charges should generally not exceed 33% of your monthly income.
Upscale Residential Areas in Mandelieu-La-Napoule
La Minelle, La Napoule, and Les Termes are among the most expensive neighborhoods in Mandelieu-La-Napoule, offering an exclusive lifestyle with easy access to luxury amenities.
Accessibility to Mandelieu-La-Napoule
Mandelieu-La-Napoule is easily accessible by road, mainly via the A8 highway. The city is also served by the railway network, with a TER PACA station.
Mandelieu-La-Napoule is only 7 km from Cannes and is located near the Nice Côte d'Azur International Airport.
Nearby Educational Institutions
Mandelieu-La-Napoule has several schools, including the Jean Monnet primary school and the Les Mimosas middle school. Residents also have easy access to higher education institutions in the region, such as the University of Nice Sophia Antipolis.
Mandelieu-La-Napoule: An Exceptional Living Environment
Mandelieu-La-Napoule is known for its beautiful beaches, golf courses, and marina. The city offers a wide range of sports and outdoor activities, such as sailing, tennis, and hiking. For shopping, the Géant Casino Mandelieu Shopping Center is the ideal place.
Residents and visitors can savor delicious Mediterranean cuisine in Michelin-starred restaurants, such as Restaurant L'Oasis. Mandelieu-La-Napoule also hosts the famous Mimosa Festival each year, and is close to the Cannes Festival and other cultural events.
The city is home to quality medical institutions, including the Cannes Hospital Center. In terms of public infrastructure, Mandelieu-La-Napoule is well equipped, with a library, a tourist office, municipal services, and more.
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