Le Biot, a small mountain village rich in history, has retained all the charm characteristic of the French Alps region. Located in Haute-Savoie, it stands majestically near renowned ski resorts, while maintaining its authenticity. Its cobblestone streets lined with historical buildings and its 16th-century Saint André Church testify to the rich past of this place. With a privileged geographical position between Mont Blanc and Lake Geneva, Le Biot offers its inhabitants a lifestyle that is both peaceful and luxurious.
Real Estate Market in Le Biot
The exclusive real estate market in Le Biot is stable, with a constant demand for luxury houses and apartments. Having become one of the preferred residential locations for those seeking quality, comfort, and tranquility, Le Biot attracts both local and international buyers. However, supply remains limited, which keeps prices at a relatively high level.
Costs when buying a property in Le Biot
When buying a luxury home in Le Biot, various additional costs must be considered. These costs may include transfer tax, real estate agent commissions, notary fees, as well as possible building inspection costs or legal fees. As for the real estate commissions, it depends on the contract with the real estate agent, but on average they amount to about 5% of the selling price for the buyer and the seller. The transfer tax amounts to 5.5% for private properties in Le Biot.
Tax Situation in Le Biot
Le Biot, like all French municipalities, imposes a tax on the profit made from the sale of a house or apartment, be it a primary or secondary residence. This tax progressively decreases from the 6th year of ownership and is completely exempted after 22 years of holding for income tax and 30 years for social deductions. For residents, the income tax is progressive, with a maximum rate of 45%.
Buying a property in Le Biot with a mortgage
In France, to obtain a mortgage, the borrower is generally required to have a personal contribution of 10 to 20% of the property price. Furthermore, the total repayments (capital, interests and insurance) must not exceed 33% of the borrower's net monthly income.
Lifestyle in Le Biot
With its exceptional natural environment, Le Biot offers many opportunities for sports and outdoor activities such as hiking, mountain biking, paragliding, or skiing. Nature lovers will appreciate its varied landscapes, between lakes and mountains, as well as its alpine climate. Le Biot also offers luxury boutiques, quality hotels, renowned restaurants, museums, galleries, a theater and a lively nightlife for those seeking entertainment. Among the annual events that take place in Le Biot, is the "Festival de l'Alpage", a cultural event celebrating mountain traditions.
Easily accessible by road and rail, Le Biot is located a short distance from Geneva and its international airport, thus offering great mobility to its residents and visitors. With its population of about 600 inhabitants, its well-maintained public infrastructure, and proximity to services such as hospitals and universities, Le Biot offers a luxurious lifestyle in a picturesque mountain setting, while benefiting from the dynamics of the Rhône-Alpes region and its strong economic potential.
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