Tremezzina - Loveno - Como

Nestled on the Southwestern shores of Lake Garda, in the Lombardy region of Italy, lies the picturesque town of Padenghe Sul Garda. With its history rooted in the Roman era, the town boasts of impressive historical sites including the magnificent Padenghe Castle, renowned for its picturesque panoramic views of the lake and surrounding landscape. The town enjoys a prime geographical location, perched by the largest lake in Italy, and thanks to its mild Mediterranean climate, it is a truly idyllic spot all year round.

The Luxury Real Estate Market in Padenghe Sul Garda

The exclusive property market in Padenghe Sul Garda is currently strong and stable. The town presents an excellent balance between demand and supply, with numerous luxury villas and apartments on offer to cater to discerning buyers. Impeccable architectural style combined with stunning lake views make these properties highly desirable.

Real Estate Costs and Taxes

The average real estate commission in Padenghe Sul Garda ranges between 3% and 5% for both buyers and sellers. Additional costs associated with buying luxury properties include transfer tax, notary fees, and possible legal or inspection costs. The transfer tax on private property is approximately 9%, while the wealth tax varies depending on the value of the property. As regarding profit made from property sales, Italy imposes a capital gains tax on properties sold within five years of purchase. Yet, if the property has been used as the main residence, this tax is exempted. On the other hand, if the property has been used as a second or vacation home, the capital gains tax applies. For registered companies within Padenghe Sul Garda, the standard corporate tax rate is around 24%. Income tax for residents ranges from 23% to 43% of one's income.

Mortgage Information

In Italy, the maximum mortgage one can typically get is up to 60 - 80% of the property’s value. However, the exact amount varies depending on the individual's financial circumstances and the specific loan conditions set by the bank.

Padenghe Sul Garda – A Lifestyle Like No Other

The most sought-after residential areas in Padenghe Sul Garda are found near the lake shores and the historical city center, known for their tranquility and incomparable views. The town’s accessibility is exemplary with well-connected roads, and a robust rail network. Padenghe Sul Garda is just an hour away from the bustling city of Milan by car. The town is also conveniently located close to the Verona and Bergamo airports offering easy connections to domestic and international destinations. In terms of education, the University of Brescia and several renowned private schools are in close vicinity. The town's rich array of sports facilities includes golf courses, tennis courts, and sailing clubs, not to mention endless outdoor activities available thanks to the surrounding landscape and the lake. Luxury Lifestyle and Amenities Luxury independent boutiques, high-end fashion stores, and gourmet food shops are scattered throughout the town. Renowned hotels and restaurants such as the Grand Hotel Fasano and Restaurant Oseleta offer sublime gastronomic experiences and service. Padenghe Sul Garda also comes alive with numerous cultural, historical, and sporting events year-round. Famous for its art and culture, the town is home to Museo Casa del Podestà and the Roman Villa site, and is closely proximate to Teatro Grande in Brescia. The state of public infrastructure is excellent, and the availability of amenities is comprehensive. For medical assistance, the Manerbio Hospital and Gardone V.T. Hospital are easily accessible from Padenghe Sul Garda. Living in Padenghe Sul Garda offers a blend of tranquility, luxury, and a rich cultural heritage making it the perfect locale for acquiring a luxury home.