Aix-en-Provence is a city rich in history, with many historical sites such as Saint-Sauveur Cathedral and Cézanne's Workshop, testifying to its remarkable past. Located in the south of France, in the heart of Provence, it is ideally placed between the Mediterranean Sea and the Alps. This millennial city, known for its Roman thermal baths, offers an exceptional living environment with its cultural heritage, natural water fountains, and colorful Provencal markets. Its privileged location and attractive environment make it a top choice for the most demanding real estate buyers.
The real estate market in Aix-en-Provence
Currently, the luxury real estate market is stable in Aix-en-Provence. There is a balance between supply and demand for high-end houses and apartments. The political and economic context of the city is stable, reinforcing its attractive position for real estate investors.
Real estate fees in Aix-en-Provence
On average, the real estate commission for buying a house in Aix-en-Provence is about 5%. Sellers should also expect a similar percentage when selling their property. In terms of additional costs, one should take into account the transfer tax (which is 5.8% in Provence-Alpes-Côte d'Azur), notary fees, and potential building inspection or legal fees.
Taxes in Aix-en-Provence
Real estate owners in Aix-en-Provence are also subject to the wealth tax. The profit made from selling a primary home is tax-exempt, while the sale of a second home is subject to capital gains tax. The corporate tax rate is 28% for companies based in Aix-en-Provence, while the income tax depends on the amount earned and can reach up to 45% for the highest bracket.
Mortgage in Aix-en-Provence
Obtaining a mortgage for buying a house in Aix-en-Provence typically requires a personal contribution of at least 10% of the purchase price of the property. The maximum amount one can borrow depends on one's repayment capability, which is generally estimated to be 33% of one's monthly income.
Living in Aix-en-Provence
Aix-en-Provence is well served by road and rail transport, with the Aix TGV station allowing one to travel to Paris in under three hours. The Marseille Provence Airport is only 25 minutes away by car. The city itself hosts several renowned educational institutions, such as the Aix-Marseille University.
Aix-en-Provence is situated in the Provence-Alpes-Côte d'Azur province and has about 143,000 inhabitants. The most popular neighborhoods for luxury properties are the Mazarin district and the surroundings of the famous Cours Mirabeau. The city is surrounded by a typical Provençal landscape, with lavender fields, olive groves, and vineyards. The climate is usually Mediterranean, i.e., hot and dry in summer and mild in winter.
The city offers a wide range of sports and outdoor activities, from water sports on the coast, hiking in the Luberon Regional Natural Park, to golf on one of the many courses in the region. For luxury shopping, there are boutiques of international brands as well as local designers on Cours Mirabeau and in the Mazarin district. Cultural and sports events such as the Aix-en-Provence Festival, an internationally renowned opera festival, and the Aix Ironman 70.3, take place every year. It also houses several renowned museums and art galleries, such as the Granet Museum. Finally, the city has several excellent restaurants, like the Michelin-starred "Pierre Reboul", as well as various elegant entertainment venues.
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