Situated in Portugal's picturesque Algarve region, Luz de Tavira e Santo Estêvão is steeped in history with an array of impressive historical sites including the Church of Santa Maria do Castelo and archaeological finds in Mato Santo. Geographically, it enjoys a prime location near the coastline, nestled between the mountains and sea. Sharing its borders with the municipalities of Tavira, Olhão, and Faro, Luz de Tavira e Santo Estêvão is an attractive destination with its serene surroundings and alluring Mediterranean atmosphere. Its picturesque location and rich heritage make it an appealing choice for prospective real estate investors.
Exclusive Property Market in Luz de Tavira e Santo Estêvão
The exclusive property market in Luz de Tavira e Santo Estêvão remains stable and robust. The demand for luxury homes and apartments continues to exceed the supply, strengthening the position of sellers in this vibrant real estate market. The political and economic situation in the region is reliable and secure, encouraging steady investment and growth in the luxury property market.
Expenses and Commissions
In Luz de Tavira e Santo Estêvão, the average real estate commission for both buyers and sellers can vary. Additional costs such as transfer tax, realtor commissions, notary fees, and potential construction inspection or legal costs should be considered when purchasing a luxury property. Transfer tax and wealth tax percentages may differ depending on the particular circumstances of the transaction.
Mortgage and Finance
The mortgage and finance landscape in Luz de Tavira e Santo Estêvão requires a careful balance between foreign and own capital, in line with the income requirements. The maximum mortgage one can get on the purchase price depends on various factors, including income and financial stability.
Lifestyle and Amenities in Luz de Tavira e Santo Estêvão
The most sought-after residential areas for luxury homes in Luz de Tavira e Santo Estêvão include coastal regions and those near historical landmarks. The community has excellent road and rail access, and is within a comfortable distance of the nearest big city, Faro. Faro airport, serving both national and international flights, is conveniently close. The region hosts many acclaimed learning institutions including the University of Algarve.
Luz de Tavira e Santo Estêvão, located in the province of Algarve, has approximately 3,700 inhabitants. The environment is adorned with natural beauty, including scenic coastal waters and an appealing Mediterranean landscape. The climate is typically Mediterranean, with mild winters and warm, dry summers.
Luz de Tavira e Santo Estêvão offers plenty in terms of sports and outdoor activities like hiking, cycling, golfing at the nearby Benamor Golf Course, and water sports. The region hosts luxury lifestyle shops, boutique stores, high-end restaurants and exquisite nightlife venues.
Regular cultural and sporting events enrich the local lifestyles. The region is also home to impressive art and cultural sites like Tavira’s Camera Obscura and many art galleries. The Luz Health Clinic and other medical facilities provide comprehensive healthcare services in proximity.
Overall, Luz de Tavira e Santo Estêvão boasts reliable public infrastructure and offers a variety of amenities that contribute to a luxurious lifestyle synonymous with exclusive coastal living.
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