Situated in Piedmont, in the northern region of Italy, Verbania is an enchanting city with a history that dates back to the Roman era. Renowned for its stunning views of Lake Maggiore and the majestic Borromean Islands, the city is rich in historical landmarks such as the Vignolo Park and the monumental church of Madonna di Campagna. Enveloped by the scenic natural beauty of the Alps, Verbania balances a tranquil rural setting with the modern conveniences of a city. Thanks to its geographic position, it enjoys a mild, temperate climate which makes it an appealing destination for those looking to invest in the exclusive property market.
Verbania's Real Estate Overview
As the current exclusive property market in Verbania is stable, the demand for luxury homes and apartments often meets its supply. Political and economic stability further reinforce this condition, making real estate transactions a secure investment. Buyer's and seller's real estate commission may vary, but on average, it is around 3% of the total property cost.
Additional Costs and Taxes when Buying in Verbania
Additional costs such as transfer tax, realtor commissions, notary fees, and possible construction inspection or legal costs should be accounted for when buying a luxury home in Verbania. There's a 2% transfer tax on private properties, and a wealth tax is also applied, the percentage of which will depend on the value of the house. Profit from selling a home, whether it's a main residence or a second home, is subject to capital gains tax. Companies registered in Verbania pay corporate tax on profits, while registered residents are subject to income tax.
Mortgages and Financing in Verbania
General mortgage requirements for buying a house in Verbania require a solid balance between own and foreign capital and meeting income requirements. The maximum mortgage one can get will largely depend on the purchase price and the borrower's creditworthiness.
Upscale Neighborhoods and Accessibility
The most expensive and sought-after residential areas in Verbania are Pallanza and Intra, where luxury homes offer breath-taking views of Lake Maggiore. Verbania enjoys excellent accessibility via road and rail, and it's just around 110 km from the bustling city of Milan. The city is also conveniently located near Milan-Malpensa Airport, providing seamless access to national and international flights.
Education, Infrastructure, and Amenities
Verbania boasts a collection of prestigious schools and universities, including the University of Insubria. It is located in the province of Verbano-Cusio-Ossola and is home to over 30,000 inhabitants. The city's environment is a charmed mix of scenic waterways, tranquil landscapes, and a mild climate.
Residents of Verbania can enjoy a wide range of sports and outdoor activities such as sailing, fishing, hiking, and golf. The shopping scene is adorned with luxury boutiques and top-notch lifestyle shops. The city is also rich in culinary excellence with high-quality restaurants, including the Michelin-starred Filippo.
Those looking for entertainment will find stylish nightlife and exclusive entertainment or casinos, while art lovers can explore the renowned Museo del Paesaggio and the theaters around the city. State-of-the-art hospitals and clinics, like the Ospedale Castelli, provide excellent healthcare facilities. Verbania's public infrastructure is well-developed, with a range of amenities available, contributing to a comfortable and luxurious lifestyle.
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