Nestled along the sun-kissed Adriatic Coast, Mola Di Bari has a rich history dating back to the middle ages, brimming with charming historical sights and architectural gems such as Chiesa Matrice di Santa Maria Assunta. This town in the Apulia region of Southern Italy is geographically located in the province of Bari, offering stunning coastal landscapes attracting those seeking a unique blend of luxury and cultural heritage.
Exclusive Property Market in Mola Di Bari
In Mola Di Bari's exclusive property market, the current climate is stable, and we are witnessing a balance between the demand and supply of luxury homes and apartments. The political and economic situation is consistently stable, providing a firm base for prosperous property investment.
Sellers pay an average real estate commission of approximately 3%, while buyers also contribute around 3%, varying slightly based on the specifics of the transaction. Additional costs, including transfer tax, notary fees, and potential construction inspection or legal costs, should be taken into account, contributing another 10-15% to the purchase price. The transfer tax on private property hovers around 9%.
Tax Considerations
The wealth tax on private property ownership in Mola Di Bari is a relatively modest 0.76%. While there is generally no tax on profit made from selling your main residence, there is a 26% capital gains tax for selling a second/vacation home. The corporate tax on profits for registered companies is approximately 24%, and the local income tax for registered residents ranges from 23% to 43% based on income.
Housing Financing and Mortgage Requirements
Mortgage requirements in this charming locale tend towards a 20% down payment with a stable income demonstrating repayment capability. On average, a mortgage can cover up to 80% of the purchase price.
Residential Areas and Accessibility
The most desired areas within Mola Di Bari are the central regions near the coast, dotted with luxury properties. Its accessibility is exceptional, courtesy of an efficient road network and a local train station connecting it to cosmopolitan Bari, just 24 km away. Bari Karol Wojtyła Airport, an international gateway, is merely 30 km away.
Education and Infrastructure
Quality education is accessible with several primary schools, secondary schools and universities such as the University of Bari Aldo Moro near Mola Di Bari. The town, with upwards of 25,000 inhabitants, enjoys excellent public infrastructure and amenities.
Environmental Splendor, Climate, and Lifestyle
The region boasts picturesque landscapes and a pleasant Mediterranean climate, famous for olive gardens and vineyards. Fitness enthusiasts enjoy outdoor activities like cycling and watersports owing to its coastal location.
Luxury lifestyle shops abound in Mola Di Bari, with renowned Italian labels and local artisan stores. Notable hotels include the Grand Hotel Baia Verde, dining experiences at places like L'Aratro, and pubs like Blake Irish Pub ensure an upscale experience.
Culture and Health Facilities
The culture is vibrant, with historic sights, museums like Fondazione Archeologica Nova Apulia, and annual events like the Feast in Honor of Madonna Delle Grazie. The availability of hospitals and clinics, such as the Hospital of Mola di Bari, ensures excellent healthcare provision.
The quality of life offered by Mola Di Bari, blending culture and mod-cons, presents an inviting prospect for luxury homeowners seeking an exceptional Italian lifestyle.
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