Loveno, nestled in the eastern shoreline of Lake Como, is historic and resplendent. Known for its iconic sight, Villa Mylius Vigoni, it's a testament to the region's rich history and architectural grandeur. Geographically, it sits strategically within the province of Como in Northern Italy, with its hilltop location providing panoramic views of the breath-taking natural landscapes.
Luxury Living and the Property Market in Loveno
The luxury real estate market in Loveno remains stable due to the consistent demand for upscale homes. The supply matches the demand, presenting diverse options for buyers. These range from century-old villas to modern luxurious apartments. The political and economic situation of Loveno is steady, further reassuring potential luxury house buyers in their investment.
Costs and Fees in the Exclusive Property Market
When buying a luxury home in Loveno, buyers can expect to incur an average real estate commission of 3-6% while sellers also pay a similar rate. Additional costs include a transfer tax, notary fees, and possible inspection or legal costs. Transfer tax on private property is currently at 9% for luxury homes. A wealth tax may also be applicable depending on the owner’s overall wealth and the value of the property. The region does not charge tax on the profits attained from selling a main residence but a 20% capital gains tax may apply if it is a second or vacation home.
Mortgage Considerations in Loveno
Generally, mortgage requirements stipulate that buyers provide 30-50% of their own capital, with the remainder potentially covered by the mortgage. The maximum amount of mortgage achievable primarily depends on individual circumstances, such as income and credit history.
Prestigious Residential Areas and Accessibility
The most exclusive residential areas of Loveno include the lakefront properties and the neighborhoods surrounding Villa Mylius Vigoni. The town is easily accessed by road and rail via Como and Milan. It’s approximately 30 minutes from Como and just over an hour from Milan. The nearest international airports are Milano Malpensa and Milano Linate.
Education, Environment, and Climate
Loveno is home to a few notable schools within a short distance, including the International School of Como. Its environment is layered with rows of lush vineyards, cascading hills, and serene lake views. The climate is temperate, with warm summers and cool winters.
Lifestyle, Culture, and Amenities in Loveno
Outdoor enthusiasts in Loveno get to enjoy water sports on the lake, hiking on the hills, and cycling around the stunning landscapes. For shoppers, the nearby city of Como offers luxury brands and exclusive boutiques. Loveno is adorned with high-quality hotels such as Hotel Villa Flori, and top-end dining experiences like the Michelin-starred I Tigli in Theoria restaurant. The annual Lake Como Festival lures art and culture enthusiasts, while Villa Mylius Vigoni hosts several cultural and art expos throughout the year. Several hospitals are also within easy reach, including the Como Hospital. The public infrastructure is well-developed and basic amenities are readily available. Overall, Loveno is the epitome of lavish lifestyles, set in an idyllic environment steeped in culture and history.
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