Located in the heart of the province of Mendoza, in Argentina, San Rafael is a gem blooming with history and culture. With a host of attractive historical sites, such as the rock art excavations in the Uco Valley, and a privileged geographical location near the Andes Range, San Rafael offers a luxurious lifestyle wrapped in rich historical and natural elements.
San Rafael Real Estate Market State and Associated Costs
The exclusive property market in San Rafael is strong and stable, with steady demand that aligns with the supply of luxury houses and apartments. As a buyer of a property in San Rafael, there are some fees and costs to take into account. In addition to the 4% average real estate commission, you should consider paying the property transfer tax, which is about 1.5% of the property value. Furthermore, notary fees and potential construction inspection or legal costs should be considered.
Taxes in San Rafael
The wealth tax in San Rafael is around 0.75% of the property's value. Residents of San Rafael do not have to pay taxes on the gains obtained when selling a house or apartment that is used as the main residence. However, if the property is used as a vacation residence, a capital gains tax may need to be paid. San Rafael has a 35% corporate income tax for registered companies and an income tax of 25% for registered residents.
Mortgages and Luxury Properties in San Rafael
To purchase a house in San Rafael, generally, the buyer will need to provide a 20% deposit of the purchase price. The rest can be financed via a mortgage, which will depend on the buyer's income and financial situation. The most sought-after areas for luxury properties include those close to Sierra Pintada and the Atuel River.
Accessibility and Geographical Location
San Rafael is easily accessible by both road and rail. It is approximately 230 km away from Mendoza, the closest city. The nearest airports include Mendoza International Airport and San Rafael International Airport.
Life in San Rafael
San Rafael is home to various academic institutions, including the San Rafael University Technological Institute and the National University of Cuyo. Residents and visitors enjoy abundant nature, stunning landscapes, and a Mediterranean climate. Outdoor sports, luxury shops and a robust gastronomic scene, with gourmet restaurants and wine shops, are just a few of the activities you can enjoy in San Rafael.
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