Saint-Paul-de-Vence is a historical gem with centuries-old wealth ideally located in the Alpes-Maritimes department in southeastern France. This ancient fortified medieval town is known for its cobblestone streets, imposing ramparts and picturesque squares. Nestled on the hills of the Côte d'Azur, Saint-Paul-de-Vence is surrounded by breathtaking natural landscapes and stunning views of the Mediterranean Sea.
Luxury Real Estate Market in Saint-Paul-de-Vence
The luxury real estate market in Saint-Paul-de-Vence is stable, with a balanced supply and demand for high-end houses and apartments. The challenge lies in the fact that it is an exclusive market with a limited number of properties available.
Economic and Political Situation
The economic and political situation in Saint-Paul-de-Vence is stable, making it an attractive real estate investment option.
Real Estate Costs to Consider in Saint-Paul-de-Vence
Purchasing a luxury house or apartment in Saint-Paul-de-Vence involves additional costs such as transfer taxes, real estate agency commissions, notary fees, and possibly construction inspection costs and legal fees. The average real estate commission for a buyer varies between 3 and 5% of the purchase price.
Taxes and Duties in Saint-Paul-de-Vence
The wealth tax and transfer duty are respectively 1.3% and 5.80%. The income tax for registered residents varies depending on several factors, including income and family status. If you sell your main residence in Saint-Paul-de-Vence, you are not subject to capital gains tax. However, the sale of a secondary or vacation residence may be subject to a capital gains tax, with a tax rate up to 34.5%.
Mortgage Loan in Saint-Paul-de-Vence
To obtain a mortgage loan in Saint-Paul-de-Vence, local banks generally require a 33% ratio between debt and income. The maximum amount you can borrow depends on the value of the property and your personal income.
Most Sought-after Neighborhoods
The most sought-after residential neighborhoods in Saint-Paul-de-Vence are the historical hamlet with its charming properties, and exclusive residential areas offering panoramic views of the sea and the Alps.
Accessibility of Saint-Paul-de-Vence
Situated just 20 kilometers from the bustling city of Nice, Saint-Paul-de-Vence is well connected by road and rail. The local airport at Nice provides regular national and international flights.
Local Environment and Activities
Saint-Paul-de-Vence is known for its picturesque environment, outdoor sports and activities, and luxury shops. It is a paradise for art and culture enthusiasts, with renowned museums, galleries and theaters.
Convenience of Local Life
The town offers a selection of Michelin-starred restaurants, charming hotels and exclusive entertainment venues. Recurring annual events include a classical music festival, art exhibitions and sporting events.
Public Infrastructure and Amenities
The town is equipped with excellent public infrastructure and offers a variety of amenities for a comfortable lifestyle, with close proximity to schools, universities, and top-level medical institutions.
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