Montijo, a town in the Setúbal District of Portugal, boasts a rich history that dates back to Roman times. Its historical landmarks, such as the Igreja Matriz de São Sebastião and the beautiful Praça da República, reflect its vibrant past. Geographically, Montijo is advantageously positioned on the southern bank of the Tagus River, offering easy access to Lisbon, which lies just across the river. This strategic location has long facilitated trade and transit, contributing to both its cultural richness and economic vitality.
The Luxury Real Estate Market in Montijo
The current exclusive property market in Montijo is stable, with a balanced demand and supply of luxury homes and apartments. Buyers are attracted by the region's tranquility and proximity to Lisbon, and the demand for luxury properties reflects a consistent interest from both national and international investors.
Costs and Commissions in Montijo's Real Estate Transactions
When purchasing a luxury home in Montijo, buyers should account for several additional costs. The transfer tax on private property stands at around 6%, while real estate commission fees are typically negotiated, with buyers commonly paying around 3-5% in commission. Sellers often bear a similar commission cost. Beyond these, buyers should also consider notary and legal fees, and potentially costs for construction inspections.
Taxation on Property in Montijo
The wealth tax on private home ownership is generally manageable, with specifics depending on property values and personal circumstances. Capital gains from selling a main residence are often exempt if reinvested, whereas gains from secondary or vacation homes may incur taxes. Corporate tax on profits for registered companies is approximately 21%, while the income tax for residents varies based on earnings, with progressive rates up to 48%.
Luxury Living and Neighborhoods in Montijo
Popular and upscale residential areas include the quieter outskirts, offering stunning views and proximity to natural landscapes. Montijo's appeal lies in its idyllic setting, complemented by a luxurious lifestyle with high-end boutiques and restaurants such as Restaurante A Cevicheria.
Access and Transportation Links
Montijo is conveniently accessible by the Vasco da Gama Bridge, connecting it to Lisbon and major road networks. It is also within a short drive from Lisbon Portela Airport, ensuring both national and international connectivity.
Education and Healthcare Facilities
The area is served by reputable schools and education institutions, such as AE Montijo and Universidade de Lisboa, which are easily accessible. Healthcare needs are well met by nearby facilities, including Hospital do Montijo and CUF Descobertas Hospital in Lisbon.
Cultural and Recreational Offerings
Montijo hosts multiple cultural events annually, such as the Festas de Montijo, celebrating local traditions and community spirit. Art enthusiasts can enjoy nearby museums and galleries, including the Museu da Cidade and the cultural offerings in Lisbon. For outdoor enthusiasts, Montijo's mild climate supports activities such as hiking, sailing, and golf, with clubs and courses scattered around the picturesque landscape.
In conclusion, Montijo offers a balanced and superb quality of life with its blend of historical charm, strategic positioning, and modern amenities, making it an attractive location for luxury homebuyers eager to invest in a serene yet connected environment.
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