Located at the gates of Monaco and benefiting from an unrivalled view of the Mediterranean Sea, Beausoleil is a town long sought after for its refined environment. An opulent gateway to the French Riviera, it has a rich history reflected in its beautiful Belle Époque buildings and historical sites such as the splendid Marché de la Place des Moulins. Its proximity to the Monaco border shrewdly places it in a prosperous and dynamic economic zone.
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The Luxury Real Estate Market in Beausoleil
The luxury real estate market in Beausoleil is currently stable, attracting expatriates and wealthy local residents. Demand for luxury homes often surpasses supply, illustrating the preference for the extravagant lifestyle that Beausoleil has to offer.
###Economic and Political Stability
The political and economic stability of the region is strong, thanks to the proximity to Monaco and the French Riviera.
###The Costs Associated with Real Estate Purchase
Purchasing a luxury house in Beausoleil involves several additional costs, including notarial fees, real estate agency commission which usually varies between 3% and 5% of the selling price, possible building inspection fees, and legal fees. The percentage of transfer duty on private property in Beausoleil is usually 5%.
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Taxes and Mortgages
Residents of Beausoleil are required to pay income tax, corporate tax, and possibly a wealth tax. The sale of a main residence is usually exempt from capital gains tax, but this can vary for second homes or vacation properties. Regarding mortgages, banks usually set a maximum debt ratio of 33% of total income.
###Luxury Residential Neighborhoods in Beausoleil
Among the most sought after residential areas of Beausoleil, the prestigious district of Petite Afrique stands out, renowned for its magnificent villas and breathtaking panorama of the sea.
###Accessibility and Proximity
Beausoleil is easily accessible by road and rail. Nestled near the city of Nice, it is about 30 km from Nice-Côte d'Azur International Airport.
###Education and Infrastructure
Among the main educational institutions nearby are the International School of Monaco. Beausoleil benefits from well-developed public infrastructure with nearby hospitals and clinics such as the Princess Grace Hospital in Monaco.
###Life in Beausoleil
Located in the province of the French Rivera, Beausoleil is home to around 14,300 inhabitants. It is surrounded by lush natural scenery, with mountains and the sea, and enjoys a Mediterranean climate. Water sports, golf, and hiking are among the outdoor activities available. The city is also home to luxury bouties and renowned entertainment establishments, one of which is the famous Casino de Monte-Carlo. Cultural and sporting events like the Monaco Grand Prix are organized annually. In terms of art and culture, the region is home to numerous museums and galleries, including the Jean Cocteau Museum in Menton.