Balaclava - Pointe Aux Biches - Belle Vue Harel

Nestled in the heart of Islington, London, Arsenal is a unique area renowned for its rich history and captivating architecture. Originally a rural suburb, it transformed significantly during the 19th century, with landmarks like the Arsenal Stadium, home to the famed Arsenal Football Club, adding to its charm. The area, well-placed within North London, also offers easy access to the city center and other major districts. Historically intriguing sites such as the nearby Highbury Fields or the Union Chapel add depth to Arsenal's cultural landscape.

Luxury Real Estate Market in Arsenal

The exclusive property market in Arsenal is currently strong, with significant demand outpacing the supply of luxury homes and apartments. This vibrant market is driven by the area's desirable attributes, including its close proximity to central London and its mix of historic and contemporary properties. Arsenal is home to some of the most sought-after residential areas, including Highbury and Canonbury, where luxury homes offer an elegant lifestyle. With the political and economic situation being stable, the appeal of owning property in this area continues to rise.

Financial Considerations for Buying Luxury Property

When purchasing a luxury home or apartment in Arsenal, buyers typically face an average real estate commission of around 1-3%. Sellers pay similar commissions. Additional costs include a transfer tax on private properties, which is currently set at 5%, along with potential costs for notary fees and legal services. There is no wealth tax on the private ownership of a main residence, but profits from selling a second or vacation home are taxable. Corporate tax is significant in Arsenal, at 19%, while income tax for residents varies based on earnings.

Mortgage and Financing for Luxury Homes

In Arsenal, general mortgage requirements for luxury property purchases demand a healthy balance between own and foreign capital. Typically, buyers can expect to secure a mortgage covering up to 70-80% of the purchase price, depending on individual creditworthiness and income levels.

Transport and Accessibility

Arsenal is well-connected by road and rail, with the Arsenal Tube station providing direct access to the Piccadilly Line. This ensures easy connectivity to central London, which is just a few miles away. For international travel, Heathrow and Gatwick airports are conveniently accessible, making Arsenal an attractive location for international buyers.

Education and Healthcare Facilities

The vicinity of Arsenal boasts several acclaimed educational institutions, including Highbury Fields School and City and Islington College. For higher education, the renowned University College London is within easy reach. Healthcare services are robust, with the Whittington Hospital providing comprehensive medical services to residents.

Lifestyle and Leisure

Arsenal offers a dynamic lifestyle, with a variety of luxury shops along Upper Street and in nearby Angel. For dining and entertainment, the area features high-quality restaurants such as The Drapers Arms and exclusive nightlife venues at Upper Street. Cultural enthusiasts can enjoy the annual events at the Union Chapel and explore exhibitions at the Estorick Collection of Modern Italian Art. Additionally, Highbury Fields provides ample space for outdoor sports and leisure activities. In summary, Arsenal represents the epitome of luxury living in North London, blending rich history with modern elegance. Its robust property market, coupled with excellent amenities and connectivity, makes it a prime choice for discerning buyers seeking a sophisticated urban lifestyle.