Ventimiglia, steeped in a rich tapestry of history, is a picturesque town located in Liguria, a region of northwestern Italy. Its geographical location allows it to straddle the Roia River and the Italian-French border, with its origins extending back to the Roman Imperial Period. Even today, it entices visitors and residents with its distinctive history, as seen in such landmarks as the Cathedral of Assunta, the Roman Theatre and the Hanbury Gardens. So close to the Mediterranean, Ventimiglia’s natural beauty ties in harmoniously with its historic allure, making it an attractive place to call home.
The Exclusive Property Market in Ventimiglia
The exclusive luxury real estate market in Ventimiglia is currently stable. There's a healthy balance of supply and demand for luxury properties in the area. With the current political and economic situation being considerably stable in Ventimiglia, the property market has proved attractive for investors around the world. Despite fluctuations in the global economy, Ventimiglia's luxury market remains resilient.
Costs to Consider When Buying Luxury Homes in Ventimiglia
Buying a luxury home or apartment in Ventimiglia involves considering additional costs like transfer taxes, realtor commissions, notary fees, and possible construction inspection or legal costs. The real estate commissions for both buyer and seller can average around 2-3% each. The transfer tax on private property in Ventimiglia ranges roughly from 3% to 8% depending on whether the buyer decides to make it their main residence or a second home. As for wealth tax, it can range from 0.76% to 2.5% depending on the value and location of the property. When selling a private property, taxes on profit made range based upon if it's a primary residence or a secondary/vacation home, with primary residences often exempted.
Mortgage Requirements and Maximum Mortgage Availability
Mortgage requirements for buying a house in Ventimiglia typically involve providing evidence of stable income and foreign capital while considering a ratio between owned and leveraged capital in real estate investment. Maximum mortgage on the purchase price often varies but generally can go up to 80% of the property value.
Most Sought-After Residential Areas
The Old Town, known as Ventimiglia Alta, and the harbor-side area of Cala del Forte are two of the most expensive and sought after areas for luxury properties in Ventimiglia. These areas offer spectacular views and proximity to the city center.
Accessibility and Proximity of Ventimiglia
Ventimiglia enjoys excellent accessibility by road and rail with the Ventimiglia train station providing connections to big cities like Nice in France, just 45 km away. Nice Côte d'Azur Airport, about 58 km away, provides connections to national and international destinations. Ventimiglia is situated in the Liguria region and has a population of around 24,000 residents.
Educational Institutions
Istituto Professionale Statale per l'Agricoltura e Ambiente ‘Pasquale Liberti’ is the main training institution in the Ventimiglia area.
Local Environment and Climate
Ventimiglia enjoys a Mediterranean climate and boasts of a stunning natural beauty. From the River Roia to the palm-lined seafront, the town is a paradise for outdoor enthusiasts and luxury seekers alike. Water sports, beach lounging, and hiking are among the outdoor activities to be enjoyed here.
Luxury Lifestyle and Surroundings
Ventimiglia offers a dynamic luxury lifestyle with several high-end shops and boutiques. Iconic hotels such as the Villa Eva Beach and well-known restaurants like Miramare and Le Navi in Cielo provide quality services to their visitors. Each summer the town hosts the famous Battle of Flowers festival.
Cultural Attractions and Healthcare
In terms of culture, the Red Leaps Archaeological Museum and the Civic Museum are truly captivating. The town’s healthcare needs are served by the Ospedale Nuovo di Ventimiglia. Lastly, the town’s public infrastructure is satisfactory with most luxury amenities being easily accessible.
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