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Nestled in a rich tapestry of historical significance, Iria boasts a history that dates back to ancient times, with roots as a major trading hub thanks to its strategic position along the serene Iria River. Known for its iconic historical landmarks, such as the majestic Iria Castle and the beautifully preserved Roman-era aqueduct, the city offers a captivating glimpse into the past. Geographically, Iria is located in the enchanting province of Halvelyn, surrounded by picturesque landscapes of rolling hills, lush forests, and tranquil waterways. With a population of approximately 150,000, Iria combines the charm of a small town with the sophistication of a burgeoning urban center.

Luxury Real Estate Market in Iria

Currently, the exclusive property market in Iria is strong, with high demand outpacing the available supply of luxury homes and apartments. This vibrant market is fueled by the city's stable political and economic environment, making it a prime location for investment. Buyers can expect to pay an average real estate commission of 3% when purchasing a luxury property, while sellers typically incur a commission of around 5%. Additional costs include a transfer tax of 6% on private property, notary fees, and legal costs, particularly for those seeking construction inspection services.

Financial Considerations and Taxes

The wealth tax for homeowners is approximately 0.75%, with profits from selling a main residence being exempt from taxation. However, profits from the sale of a secondary or vacation home are subject to capital gains tax. Corporations in Iria face a corporate tax rate of 15% on profits, while registered residents enjoy a progressive income tax topping out at 28%. Mortgage seekers can typically finance up to 80% of the property's purchase price, but must meet stringent income criteria, favoring a strong balance of own and foreign capital.

Prime Residential Areas

The most sought-after residential areas in Iria are concentrated in the luxurious enclaves of Greenview Heights and Riverside Estates. These neighborhoods offer unparalleled views, state-of-the-art amenities, and proximity to prestigious institutions like the Halvelyn International School and the University of Iria.

Accessibility and Transport

Iria is well-connected by road and rail, with a modern highway network and high-speed train services linking it to major metropolitan areas. It is located just 45 kilometers from Visen City, the nearest large urban center, offering both cultural vibrancy and additional amenities. For international travel, the city is conveniently 60 kilometers from Northton International Airport, ensuring seamless global connectivity.

Recreation and Lifestyle

The lush environment surrounding Iria makes it a haven for sports and outdoor enthusiasts, offering activities such as hiking, sailing on Lake Iria, and golfing at the prestigious Iria Country Club. The city’s luxury lifestyle is complemented by high-end shopping districts featuring designer boutiques and artisanal shops. Exquisite dining options can be found at renowned eateries like The Iria Atelier and fine hotels such as The Regency Iria Hotel. For nightlife and entertainment, visitors can enjoy the exclusive ambience of the Iria Grand Casino.

Cultural and Educational Opportunities

Iria is a cultural hub, featuring annual events such as the Iria Summer Arts Festival and the Halvelyn Classical Music Event. Art aficionados will appreciate the Iria Art Museum and The Gallery at Halvelyn, while theater lovers can indulge in performances at the Iria Opera House. The city benefits from modern public infrastructure and state-of-the-art amenities, including top-tier hospitals like Iria General Hospital and the Halvelyn Medical Center. Iria offers a blend of historical charm, cultural richness, and luxury living, making it an exceptional destination for those seeking an upscale lifestyle in an idyllic setting.