Castelletto Sopra Ticino - Taino - Dormelletto

Nestled in the heart of Lombardy in Northern Italy, Somma Lombardo basks in glory, oozing of centuries-old history and enchanting landscapes. This town boasts a unique medley of historical attractions such as the Visconti Castle, one of the most significant historical buildings in Lombardy dating back to 1435, and the Church of Santa Maria Assunta, a classic example of Lombard Romanesque Architecture. Tucked within the Province of Varese, it situates at a strategic point framed by the mighty Prealps and graced with the serene water bodies of the Ticino River and Lakes Maggiore and Varese. The geographical position of Somma Lombardo, with its historic charm and picturesque landscapes, makes it the perfect location for a luxurious and exclusive lifestyle.

Real Estate Market in Somma Lombardo

The current exclusive property market in Somma Lombardo is stable and robust, with the demand slightly tilting the scale over the present supply of luxury homes and apartments. Underpinned by a politically and economically stable environment, Somma Lombardo's real estate provides a haven for both local and foreign investors. When buying a luxury home in this fascinating town, you'll deal with an average real estate commission fee around 3-5%, which is acceptable by Italian standards. It's essential to account for additional costs like transfer tax, realtor commissions, notary fees, and possible construction inspection or legal costs. The current transfer tax on private property in Somma Lombardo is about 9%, although it can be reduced to 2% if the property is classified as your principal residence.

Taxes and Mortgage in Somma Lombardo

The wealth tax on the private ownership of a house in Somma Lombardo is about 0.76%. The tax demands on profit from selling a privately owned home differ depending on your residential status. If it's your main residence, you're exempted from paying tax on profit; however, if it's a second home, you'll be subjected to a 26% capital gains tax. On corporate tax, registered companies in Somma Lombardo pay about 24% on profits, while the income tax for registered residents fluctuates between 23-43% based on their income level. Mortgage requirements for buying a house in the town are similar to the national standard, requiring a stable income and a substantial down payment, usually around 20%. The maximum mortgage one can get on the purchase price is generally 80%.

Living and Lifestyle in Somma Lombardo

Somma Lombardo houses some of the most sought-after residential areas in Lombardy, renowned for a bouquet of posh and luxury homes. Accessibility is another strong suit for Somma Lombardo. It enjoys excellent road and rail connections and is just 34 km away from Milan, a bustling metropolis in Italy. Moreover, it is conveniently accessible from Malpensa International Airport located merely 8 km away. It also houses high-caliber schools, universities, and training institutions, including The International School of Varese and the University of Insubria.

Features of Somma Lombardo

With about 20,000 inhabitants, Somma Lombardo presents a serene environment enriched by mesmerizing nature, beautiful landscapes, and the gentle flow of water bodies. The climate is usually mild with significant rainfall throughout the year. The town offers myriad sports and outdoor activities like hiking, biking in the nearby regional Ticino Park, and sailing or rowing in the nearby lakes. It abounds with luxury lifestyle shops selling illustrious brands. Hospitality is paramount in the town, and you'll find high-quality accommodations like Crowne Plaza Milan-Malpensa Airport Hotel, along with well-known restaurants like Osteria della Pista. For art and culture enthusiasts, the Museum of flight Volandia, the Gallarate Art Museum, and the Open-Air Theater are must-visit sites. Excellent healthcare facilities are available nearby, including Malpensa Hospital and Varese Hospital. Overall, the state of public infrastructure and the availability of amenities make Somma Lombardo the ideal place to live a luxurious lifestyle.