Montemor-o-Novo, a rich tapestry of history and culture, is nestled in the heart of the Alentejo region in Portugal. This charming town unveils its story through magnificent historical sites like the Castle of Montemor-o-Novo, the Convent of Saint Francis, and the Old Parish Church. Bounteously surrounded by olive groves and vineyards, it lies approximately 100km east of Lisbon. Montemor-o-Novo offers a tranquil countryside lifestyle paired with the grandeur of luxury living.
The Exclusive Property Market in Montemor-o-Novo
The exclusive property market in Montemor-o-Novo is currently stable with a healthy demand-supply balance for luxury homes and apartments. These properties represent an appealing mixture of traditional Portuguese charm and modern luxury amenities, in high demand by local and international investors alike.
Buying and Selling Luxury Real Estate in Montemor-o-Novo
In Montemor-o-Novo, the commission paid by a buyer or seller varies but usually averages around 5% of the purchase price. Additional costs to consider when buying a luxury home include the transfer tax, realtor commissions, notary fees, and possible construction inspection or legal costs. The transfer tax on private property is typically 6%, however, this can vary. The wealth tax on the private ownership of a house and capital gains tax also apply, with specific percentages depending upon individual financial circumstances and property details.
Location and Accessibility
Montemor-o-Novo indulges you with an excellent road network and rail connections. The town is about 96 km from Lisbon, the nearest large city, and is equidistant from Lisbon's international airport, making it highly accessible for international commuters.
Educational Institutions
The town boasts several reputed schools and is near prestigious universities, making it an ideal place for families prioritizing quality education.
The Upscale Residential Landscape of Montemor-o-Novo
Among the most coveted residential areas for luxury homes in Montemor-o-Novo are the stunning rural landscapes surrounding the historical city center, which provides spectacular views while maintaining accessibility to modern conveniences.
Amenities and Luxury Lifestyle in Montemor-o-Novo
Montemor-o-Novo is not just about serene natural beauty and historical elegance; it also offers premium lifestyle amenities. High-quality shops, top-rated restaurants, and stylish nightlife are part of the town's charm. The town regularly hosts historical, cultural, and sporting events recording a high annual turnout, attracting tourists and residents alike. Additionally, renowned hospitals and clinics ensure top-notch healthcare facilities for residents.
In conclusion, Montemor-o-Novo offers a peaceful countryside lifestyle entwined with modern luxury living, making it an ideal location for investing in premium property.
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