Steeped in history and graced with stunning beauty, Calodyne is a luxurious residential haven situated on the north coast of Mauritius. It brags a picturesque location, bordered by lush sugarcane fields and the sparkling blue lagoon of the Indian ocean. Once a quiet fishing village, Calodyne has evolved into an exclusive enclave, home to some of the most prestigious and high-end properties. Historical landmarks such as the seashell-studded Calodyne Church and geographical features like Gunner's Quoin island add a unique charm to the area.
The Luxury Property Market in Calodyne
The real estate market in Calodyne is notably stable and strong due to the constant demand for luxury homes and apartments. The supply of exclusive properties is balanced, offering prospective homeowners a myriad of options from modern architectures to colonial-inspired residences. Additionally, the political and economic environment remains supportive and secure, further adding to the appeal.
Costs and Fees Associated with Purchasing Luxury Properties in Calodyne
While Calodyne offers an appealing lifestyle, prospective homeowners should consider additional costs associated with buying luxury properties. This includes the standard real estate commission rate for both buyers and sellers, currently at an average of 3%. Additionally, be prepared for notary fees, potential legal costs, or construction inspection expenses.
Transfer tax on private property is set at 5%, while a wealth tax is levied on the net wealth of homeowners. Please take note that taxes on capital gains range depending on the classification of the property: main residence versus second/vacation home.
Corporation tax stands at an average of 15%, while income tax for registered residents is prescribed at a maximum rate of 10%.
Purchasing Power and Mortgage Allowance
Mortgage requirements for buying a house in Calodyne vary from one financial institution to another. However, the general rule of thumb is a ratio of 80:20, where one can secure a mortgage up to 80% of the purchase price. Personal capital and income verification will form part of the standard requirements.
Prime Residential Areas and Accessibility
The most sought-after areas in Calodyne are around the coast, known for luxury waterfront villas offering breathtaking sea views. Accessibility is effortless via the well-maintained Grand Gaube coastal road and the efficient local bus network. Calodyne stands 20km northeast of Port Louis, the nearest big city. Both local and international airports, the Sir Seewoosagur Ramgoolam International Airport, are easily reachable within an hour's drive.
Local Amenities and Infrastructure in Calodyne
Calodyne boasts numerous prestigious schools and universities, including the nearby fashion and design institution, Ecole de Design. Its luxury lifestyle is supported by high-end shops, notable restaurants such as the Beach House Restaurant and Bar, and exclusive hotels like the Zilwa Attitude.
The Calodyne environment offers a lush natural setting perfect for a range of outdoor activities including boating, fishing, and hiking. Major health facilities include the Clinique du Nord and Victoria Hospital. Furthermore, Calodyne is renowned for its state-of-the-art infrastructure and availability of amenities.
Culture and Lifestyle in Calodyne
The cultural scene is diversified by renowned museums and art galleries in nearby cities. Annual events such as sailing regattas and the Creole festival add to the vibrant atmosphere. Meanwhile, the climate remains tropical year-round, combining with Calodyne's natural beauty to offer a unique, luxurious lifestyle.
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