Orta San Giulio, a mesmerizing town with a deep history, mirrors the quintessential Italian charm. Artefacts that date back to the Bronze Age pepper the town, illustrating an intricate lineage. The beautiful small island of Isola San Giulio and the Sacro Monte, a UNESCO World Heritage site, are testament to the town’s historical grandeur. Geographically, Orta San Giulio is perched in the Piedmont region of Italy, overlooking the romantic and picturesque Lake Orta.
The Exclusive Property Market of Orta San Giulio
The exclusive property market in Orta San Giulio is strong and stable, buoyed by the town’s unblemished charm and appeal. The ravenous demand for luxury homes and apartments outweighs supply, rendering the property market even more appealing.
Political and Economic Stability
Orta San Giulio, located within Italy, benefits from a stable political and economic environment. The town's stability is a testament to Italy's established institutional strengths and steady economic standing.
Costs related to Purchasing Luxury Homes
On top of the property price itself, potential buyers must be aware of possible additional costs. The average commission for buying a house in Orta San Giulio is around 4%, the same percentage that sellers typically shoulder. Other costs include notary fees, possible construction inspection or legal costs and transfer tax. In Orta San Giulio, the transfer tax on private property is 2% for the first home and 9% for second homes.
Taxes
When it comes to the wealth tax on private ownership of a house, it varies from 0.4% to 0.76% according to the value of the property. The corporate tax on profits for registered companies in Orta San Giulio is 24%. The income tax for residents varies based on income, ranging from 23% to 43%.
Profit from the sale of a main residence is exempted from capital gains tax, but for a second or vacation home, it applies for five years with a rate of 20%.
Mortgage Requirements and Limits
As per Italian law, most banks offer mortgages covering 60% up to 80% of the property’s purchase price, provided the buyer meets the income requirements. The specific percentage will depend on the specific agreement with the lender.
Top Residential Areas
The prime market for luxury homes in Orta San Giulio is centered around the old town and the lakeside area, both offering breathtaking lake views and close proximity to the town's amenities.
Transport and Accessibility
Orta San Giulio is easily accessible via well-connected roads, and the closest railway station is Orta-Miasino. The town is 44 km from Piedmont's capital city, Turin, and less than a 45-minute drive away from the nearest international airport, Milan Malpensa.
Education in Orta San Giulio
The vicinity of Orta San Giulio boasts various reputable schools, including the International School of Turin. Universities include the University of Turin and Politecnico di Torino
Orta San Giulio: Province, Population and Environment
Orta San Giulio is located in the province of Novara and is home to about 1,161 inhabitants as per the latest census. Encased by lush forests and the tranquil waters of Lake Orta, the town offers an enchanting landscape teeming with rich flora and fauna.
Orta San Giulio: Climate and Outdoor Activities
Orta San Giulio has a humid subtropical climate with hot summers and mild winters. The town offers a gamut of outdoor activities including boating, mountain biking, and hiking in the surrounding hills.
Luxury Lifestyle and Wellbeing
Luxury shoppers will find leather goods and fashion boutiques. Renowned hotels include the sophisticated Hotel San Rocco and historically enchanting Villa Crespi. Culinary enthusiasts can delight in restaurants such as the two Michelin-starred Ristorante Piccolo Lago.
The town hosts annual cultural events like the "Cusio Jazz" festival and "Settimana Musicale di Orta".
Notable attractions include the Museo della Musica Antica and the Palazzo della Comunità. Orta San Giulio hosts the Community Hospital of Orta San Giulio and the Cusio Health Center.
Orta San Giulio offers well-maintained public infrastructure and a wealth of amenities, from quaint cobblestone roads to modern conveniences, contributing to the high quality of life enjoyed by its residents.
Dutch 
German 
Spanish 
French 
Arabic 
Chinese 
Russian