Nestled in the heart of Switzerland, Chamby is a historical gem known for its distinct charm and rich history. Remnants of this rich history are dotted across the town, with the famed Chamby Museum Railway offering a unique glimpse into the past. Geographically, the town is beautifully located, with Lake Geneva to the south and breath-taking alpine views to the north. With a history as rich and fertile as its geography, Chamby is a luxury property destination like no other.
Current Property Market in Chamby
Currently, the exclusive property market in Chamby is stable and robust, with a well-balanced demand and supply of luxury homes and apartments. The political and economic situation is stable, fostering confidence in investment and making Chamby an ideal destination for acquiring luxury real estate.
Costs Associated with Buying Luxury Property in Chamby
When buying a luxury home in Chamby, one can expect to pay an average real estate commission of 3% to the buyer and seller. Additional costs include transfer tax, notary fees, and possible construction inspection or legal costs. The transfer tax in Chamby is approximately 3.3%. Wealth tax on private ownership of a house fluctuates based on the personal net worth of the individual.
Taxes on Property Sale Profit
When selling a property in Chamby, there are no taxes levied on profit made from selling a privately owned main residence. However, taxes do apply when selling a second or vacation home, and this fluctuates based on the canton's taxation rules.
Corporate and Income Taxes
The corporate tax on profits for registered companies in Chamby is around 21.15%. The income tax for registered residents varies but is moderately competitive compared to other regions in Switzerland.
Mortgage Requirements and Limitations
In general, mortgage requirements in Chamby require a balance between one's own and foreign capital, with income verification necessary. Most financial institutions offer up to 80% of the purchase price as a mortgage.
Luxury Neighborhoods and Accessibility
Sought-after areas for luxury homes in Chamby include the hillside neighborhoods that offer sweeping views of Lake Geneva and the surrounding mountains. Chamby is well connected via road and rail, and is just 11 km from the bustling city of Lausanne. It is approximately 90 km from Geneva International Airport, providing easy access for international travelers.
Educational Institutions
Chamby offers access to top-tier education institutions including Le Rosey, Aiglon College, and the Swiss Hotel Management School.
Environmental Beauty, Climate and Activities
Chamby residents enjoy a temperate climate, the natural beauty of Lake Geneva, alpine landscapes and a plethora of sports and outdoor activities, from skiing to sailing. Luxury lifestyle shopping options abound, with high-end brands and local artisan shops to explore.
Chamby’s Luxury Lifestyle Offerings
Chamby, part of Vaud canton, is home to approximately 700 residents. It offers access to high-quality hotels like the Fairmont Le Montreux Palace and Hostellerie de L'Hotel de Ville. Extravagant restaurants include St-Pierre and Denis Martin, while renowned events like the Montreux Jazz Festival return annually. The town's rich cultural scene includes the famed Chaplin's World Museum and Ansermet Studio.
Healthcare and Infrastructure
Local healthcare is provided by the state-of-the-art Lausanne University Hospital and various small clinics in and around Chamby. The public infrastructure and amenities are well maintained, making Chamby a premium location for luxury living.
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