Set in the northernmost region of Sardinia, Italy, Olbia Tempio is a beautiful province with a rich history dating back to ancient Nuragic and Roman times. The region is abundant in historical sites such as the Romanesque Basilica of San Simplicio in Olbia and the medieval Castle of Pedres. With a landscape characterized by granite mountains, beautiful coastline, and numerous archipelagos, the region offers a unique blend of maritime charm and mountainous allure. Olbia Tempio is ideally situated along the Costa Smeralda, one of the most glamorous and coveted coastal regions in the Mediterranean.
The Exclusive Property Market Overview
The current property market in Olbia Tempio is quite stable, catering to a niche of discriminating buyers. Luxury homes and apartments in prestige areas command premium prices owing to their exclusivity and limited supply. Demand for luxury real estate here remains strong, driven by both domestic and international buyers, attracted by the region's charm, stability, and lifestyle.
Real Estate Commissions and Additional Costs
Usually, the real estate commission in Olbia Tempio varies, but on average, it ranges between 3-6% for both buyers and sellers. When buying a luxury home, additional costs to consider include transfer tax, realtor commissions, notary fees, and possible legal or construction inspection costs.
Taxes and Fees
The transfer tax on private property in Olbia Tempio is typically around 9% for luxury properties. The wealth tax on private home ownership, typically, is 0.2% of the property's value.
The capital gain tax is not applied for the main residence. However, if you are selling a second/vacation home, you would be required to pay a capital gain tax, which is currently 26% of the profit. Corporate tax for registered companies in Olbia Tempio sits at 24%, while the income tax for registered residents ranges from 23% to 43%, depending on their income tier.
Access to Olbia Tempio and Nearby Cities
Olbia Tempio enjoys excellent connectivity via road and rail. The nearest large city, Cagliari is approximately three hours away by car. The province is served by the Olbia Costa Smeralda Airport, which provides domestic as well as international connectivity.
Education, Health, and Infrastructure in Olbia Tempio
Prominent educational institutions here include the University of Sassari branch at Olbia and numerous primary and secondary schools. Several hospitals and clinics serve the area, with the Olbia Hospital being the principal medical institution.
Luxury Lifestyle and Cultural Heritage
A paradise for luxury lifestyle enthusiasts, Olbia Tempio is home to high-end shops, exclusive restaurants, and elite nighttime entertainment spots like Phi Beach and Ritual Club. The region is also abundant in culture and art, with museums such as the National Archaeological Museum of Olbia. Yearly events include the Porto Cervo Wine Festival and the Costa Smeralda Regatta. The infrastructure in Olbia Tempio is well-developed and continues to attract discerning individuals looking for a luxury lifestyle. With its beautiful surroundings, stable political and economic climate, and a variety of high-end amenities, it remains a charming destination for a privileged living experience.
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