Enshrined in the heart of the Dents du Midi Alps, Morgins is a historic gem that serves as a gateway between Switzerland and France. This scenic village is steeped in history, with its roots can be traced back to 1282. Graced with hidden-waterfalls, lush forests, and unspoiled alpine beauty, Morgins is a site of Geographical Importance of National Significance. The region equally boasts a rich fauna populous with chamois, deer, and other alpine animals.
Exclusive Property Market in Morgins
Morgins offers an exclusive property market that is considered stable and in high demand. The balance between supply and demand is well-maintained in this region, preserving its exclusivity and appeal. Luxury chalets embedded in the Alpine landscape are the main attraction for property buyers, with vistas overlooking the Valley of Illiez.
Costs and Tax on Property
The average real estate commission is 3% for both buyers and sellers. It's essential to note additional costs such as transfer tax, notary fees, and potential inspection or legal costs. In Morgins, transfer tax on private properties accounts for 1.5% of the property value. Wealth tax on the private ownership of a house varies depending on the canton's tax laws, as does the income tax. In the canton of Valais where Morgins is situated, the wealth tax rate can range from 0.1 to 0.5%, and the income tax rate for an individual can range between 10 to 40%.
For homeowners, capital gains tax is not applied when selling a privately owned home used as a main residence. For a second/vacation home, the capital gains tax might apply and varies upon the duration of ownership. The corporate tax rate is around 13.57%.
Mortgage and Financing in Morgins
General mortgage requirements demand a borrowers' ability to finance at least 20% of the property's price from their own resources. The maximum mortgage one can obtain is up to 80% of the property's purchase price, and this amount ought to be repaid by retirement age.
Premium Residential Areas and Accessibility
The most sought after residential areas in Morgins include the slopes of the Dents Du Midi mountain chain with their panoramic views. The region is easily accessible by road and rail and is approximately 2 hours away from Geneva, the nearest big city, and its international airport.
Education, Healthcare and Amenities
While Morgins boasts primary and secondary schools, major universities can be found in the near cities of Geneva and Lausanne. Local healthcare is provided by several hospitals and clinics located within a 30-minute radius.
Sports, Leisure and Culture in Morgins
From high-end designer boutiques to exclusive dining and entertainment spots, Morgins encapsulates the luxury lifestyle coveted by many. Furthermore, the region thrives on a plethora of sports and outdoor activities, including skiing, snowboarding, hiking, and mountain biking trails. A notable annual event is the Chavanette, also known as the Swiss Wall, a challenging downhill ski run.
Climate and Infrastructure
Morgins experiences an alpine climate, with warm summers and snowy winters ideal for winter sports. The town's infrastructure preserves an alpine charm, blending seamlessly with modern conveniences, making it the perfect destination for those seeking the best of both worlds.