Nestled in the heart of the Swiss Alps, Nendaz is characterized by its rich history and stunning beauty. It is located in the canton of Valais, a region known for its wine production and historical attractions such as the Chateau de Tourbillon. This majestic mountain hamlet is home to many traditional Swiss chalets and is a key location on the Grand Tour of Switzerland. Its location, geography, and unique heritage make Nendaz a prime spot for luxury real estate.
Luxurious Lifestyle in Nendaz
Living in Nendaz undoubtedly comes with a taste of luxury. It is vibrant with exclusive shops selling high-end fashion, jewelry, and Swiss watches. Gourmands will find their taste buds tantalized by exquisite restaurants, some having earned Michelin stars. High-quality hotels such as the Chalet Christy and prestige nightlife spots only accentuate the luxurious lifestyle one can expect in Nendaz.
Property Market in Nendaz
The exclusive property market in Nendaz is strong and stable, largely driven by the consistent demand for luxury homes and apartments. This demand is well-balanced by the supply, ensuring a vibrant and active home buying and selling experience. The current political and economic situation in Nendaz is equally stable contributing to a reliable property market.
Costs Associated with Buying Luxury Homes in Nendaz
Buyers and sellers in Nendaz usually pay an average real estate commission of around 3%. However, additional costs can inflate the overall cost of securing a luxury property. These can include transfer tax, notary fees, and possible construction inspection or legal costs. The transfer tax on private property is 3%. For luxury properties, the wealth tax varies depending on the canton.
Tax Considerations in Nendaz
Those who sell their primary residence in Nendaz do not have to pay a profit tax. However, selling a privately owned second home or vacation home might incur tax on the profit made. The corporate tax for registered companies in Nendaz is 21.6%. Registered residents are taxed at a federal rate of 11.5%.
Mortgage Requirements
The mortgage requirements in Nendaz typically involve a balance between the amount of down payment and foreign capital and income requirements. One can generally expect to get a mortgage of up to 80% of the purchase price.
Location and Accessibility
Nendaz is ideally located around two hours from Geneva, making it highly accessible by road and rail. The nearest big city is Sion, located a mere 20 minutes away. The nearest international airports are in Geneva and Zurich.
Amenities and Attractions
Nendaz is known for its excellent public infrastructure and array of amenities. It hosts several ski resorts and outdoor adventure parks like Tracouet Lake for outdoor enthusiasts, while art and culture aficionados can explore numerous galleries and theaters around the area. The town is also home to several annual events such as the International Alphorn Festival. Local schools and training institutions are of high repute, and healthcare needs are catered for by several hospitals and clinics in the vicinity.
The Natural Environment
The natural environment of Nendaz is nothing short of breathtaking, from the commanding Alps to serene lakes and a diverse landscape peppered with vineyards. Residents enjoy a temperate climate with four distinct seasons, each offering its own charm. Whether it’s skiing down the slopes, hiking through picturesque trails, or soaking in the luxury lifestyle, Nendaz is an idyllic haven for the discerning homeowner.
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