Nestled on the southwest coast of France, Bordeaux, with its rich historical past dating back to the Roman period, is a city that dazzles with its refinement and elegance. Endowed with exceptional architectural heritage, it offers a wealth of historical sites, including the famous "City of Wine" and the grand Theatre. Moreover, Bordeaux is ideally located, close to the Atlantic Ocean and the Pyrenees, offering an exceptional lifestyle.
Real Estate Market in Bordeaux
The luxury real estate in Bordeaux is generally robust, with constant demand for premium properties despite a limited supply. The political and economic environment remains stable, which contributes to this balance. When buying a luxurious house in Bordeaux, the buyer must typically pay 5-10% of the purchase price in real estate commission. The seller, on the other hand, usually has to pay between 6 and 10% of the real estate commission.
Additional Expenses to Consider
As for additional expenses, the transfer duty for a private property in Bordeaux is about 5.09% of the purchase price. In addition to the real estate commissions, notary fees and building inspection costs may be required. For a luxury house, additional legal fees may be incurred.
Taxes in Bordeaux
Regarding the wealth tax, it should be noted that Bordeaux residents may be subject to the Real Estate Wealth Tax (IFI) if the net value of their real estate exceeds 1.3 million euros. As for the sale of real estate, the capital gains tax can be applied with exemptions for the primary residence. Corporate tax in Bordeaux is between 15 and 33% and income tax varies depending on your income bracket, ranging from 0 to 45%.
Property Acquisition in Bordeaux
To get a mortgage in Bordeaux, you will have to achieve an adequate ratio between equity and borrowed capital, as well as meet certain income requirements. The maximum amount of the mortgage generally depends on the purchase price of the property, but can go up to 80% of the purchase value.
Prestigious Neighborhoods in Bordeaux
The most popular neighborhoods in Bordeaux are "The Golden Triangle", "Saint Pierre", and "Chartrons", where the most luxurious houses are located. It is worth noting that Bordeaux is very well connected by road and rail, and is only 2 hours from Paris by TGV. The Bordeaux-Merignac airport is just 30 minutes from the city center of Bordeaux.
Education and Health in Bordeaux
Regarding educational institutions, Bordeaux is renowned for its universities and grandes écoles, particularly the University of Bordeaux and the Bordeaux School of Management. For health care, there are renowned hospitals and clinics, like the Bordeaux University Hospital.
Living Conditions in Bordeaux
With a population of over 250,000, Bordeaux is a perfect mix of city life and nature, notably thanks to its many parks and gardens and its proximity to the ocean beaches. The climate is pleasant with hot summers and mild winters. Fans of sports and outdoor activities will not be left out with the presence of numerous rugby clubs, equestrian centers, and golf courses.
Cultural and Nightlife in Bordeaux
Bordeaux has a rich cultural life with its numerous museums, art galleries, and theaters, such as the Aquitaine Museum and the Grand Theatre of Bordeaux. For luxury shopping, "Sainte-Catherine Street" is the perfect place. As for gastronomy, the city has Michelin-starred restaurants and luxury hotels like "Le Pressoir d'Argent" and the "Les Sources de Caudalie" hotel. Bordeaux is also known for its annual wine festival.
Medical Presence in Bordeaux
The medical presence is strong in Bordeaux, with numerous hospitals and clinics nearby, particularly Haut-Lévêque Hospital and Bordeaux Nord Polyclinic.
Public Infrastructure in Bordeaux
The public infrastructure in Bordeaux is of high quality, with excellent availability of amenities like water, electricity, sanitation, and internet. Additionally, public transportation there is modern and efficient, adding to the comfort of living in Bordeaux.
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