Nestled at the southern tip of Italy's heel in the region of Puglia, Gagliano Del Capo carries a rich history dating back to its Greek origins. The town is a scenic blend of history and nature, featuring landmarks such as the Church of St. Peter and Paul and the Ciolo Bridge. Its emerald-green coastline kisses the azure Adriatic Sea, making it a destination par excellence for luxury homebuyers. This picturesque gem is located in the province of Lecce and is home to a handful of 5000 residents.
Real Estate Market Overview
The luxury real estate market in Gagliano Del Capo is proving to be stable with a balanced supply and demand. The current political and economic backdrop is also quite stable, contributing to an ever-increasing interest in high-end properties. Buyers and sellers can expect to pay an average real estate commission of around 2-3%.
Additional Costs and Taxes
When buying a luxury home in Gagliano Del Capo, always put into consideration additional costs such as transfer tax, realtor commissions, notary fees, and legal or construction inspection costs. The transfer tax on private property stands at 9%. Wealth tax on private home ownership is around 0.76%. Profits made from selling a main residence are non-taxable, however profits from the sale of second homes are subject to a tax of 26%. Corporate tax for registered companies is 24%, while income tax for registered residents ranges between 23-43% based on income.
Loan and Mortgage Information
The general mortgage requirements favor a good balance between own capital and foreign income. You can generally get a mortgage of up to 80% of the purchase price in Gagliano Del Capo.
Luxurious Living
The most sought-after residential areas are mostly found along the picturesque coastline. Gagliano Del Capo is easily accessible via road and rail networks. The nearest big city is Lecce, approximately 64 km away. Closest airports are Brindisi and Bari, located about 108 km and 220 km away, respectively.
Gagliano Del Capo is complete with good schools such as the Istituto Comprensivo and a range of training institutions.
Lifestyle and Amenities
Gagliano Del Capo's breathtaking nature, temperate climate, and landscapes offer a myriad of sports and outdoor activities like hiking, cycling, and boating. Luxury lifestyle shopaholics will feel at home with many high-end boutiques and antique shops.
Famed restaurants like Li Spirduta offer five-star dining experiences. Major annual events include the Holy Week celebrations and international rock climbing competitions. The city is dotted with art galleries and boasts the Provincial Art Gallery of Lecce. Hospitals like the Hospital of Tricase ensure medical needs are quickly catered for. Gagliano Del Capo boasts a well-maintained public infrastructure and a plethora of amenities.
Purchasing a luxury home in Gagliano Del Capo is more than just buying a property; it's buying a lifestyle full of rich history, cultural activities, and endless nature escapes. Be part of this exclusive community by making a sound investment based on current market trends and real estate laws.
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