Will the “Flat tax” see the super-rich flocking to Lake Como?

Yesterday, whilst all eyes were on the budget in the UK, an interesting piece of legislation known now as the “flat tax” giving fiscal advantages to the super-rich was being introduced in Italy.

The Italian government intends to attract ultra-wealthy individuals, possibly those considering leave the UK following the Brexit vote, with the idea that with their wealth and status will in turn promote and generate investment in Italy.

Here at LAKE COMO CONCEPTS we believe that this will be yet another incentive for ultra high net worth individuals to make Lake Como their home. Lake Como has proved itself to be a place where the rich and famous can live easily – it is a very glamorous yet an extremely safe area and has all the convenience of Milan just over 30 minutes away.

If you would like to discuss fabulous real estate on Lake Como or stunning Liberty villas in nearby Brianza, please contact us in complete confidence at info@lakecomoconcepts.com . Most of our opportunities over €10m are off market or pocket listings and do not appear on our or any website. We offer objective and impartial advice, whilst providing complete discretion and anonymity.

For those wishing to know more, the new law offers the super-rich the possibility of paying an annual “forfeit” or a flat tax of €100,000 on their earnings outside of Italy, should they become resident in Italy. For the super wealthy this is mostly likely to be a considerable tax saving on paying income tax at the usual rates of tax in Italy, and depending on income, potentially in most of Europe. The option is only open to individuals who have not been resident in Italy for nine out of the last ten years, and applies ……. TO READ THE FULL ARTICLE, please email us at info@LakeComoConcepts.com

#italy #lakecomo #flattax #realestate #luxuryproperty #pocketlistings

 

 

Grab a bargain on Lake Como – but you’ll have to be quick!

Seven apartments for the price of one – Lake Como

Yes – you have read this correctly. Just released today, Lake Como Concepts is offering seven apartments on Lake Como, Italy for sale as a block sale for a total price of €210,000. WOW!!

The apartments are located in Blevio, just five minutes from Como and are located in a small condominium of 10 apartments in total. Six of the apartments are empty with vacant possession whilst the last apartment has a rent-free tenant with a life-time interest in the apartment. The apartments are for the most part two bedroom apartments, some with lake views, balconies and one with a large terrace. They would benefit from a programme of modernisation.

The apartments are not for sale individually and have been priced to attract investors looking to re-modernise and sell on or create a rental portfolio on Lake Como.

Blevio is one of the gems of Lake Como, with bars, shops and restaurants including Momi lakefront restaurant and the world famous luxury 5 star hotel Casta Diva.

Please contact us at info@LakeComoConcepts.com to find out more or see our website www.LakeComoConcepts.com

#lakecomo #propertyforsale #blevio #bargain #investmentproperty

Spruce up your holiday home on Lake Como

Spring is the right time to spruce up your holiday home on Lake Como

Lake Como is looking beautiful in the spring sunlight and the lake is getting busy as more visitors arrive, so now is the ideal time to spruce up your holiday home and make sure it is in a perfect condition for you and your family and friends, or for any paying guests you may have if you rent your home.

LAKE COMO CONCEPTS suggests that your checklist should include:

  • Make sure the property is fully aired and cleaned, especially if it has been empty and closed for months;
  • Flush all toilets and check drains are working;
  • Open all shutters, test that they work and make sure any insects have not built nests in the warm protected space between the shutters and the windows;
  • Jet wash any patios and terraces so they look at their best;
  • Re-varnish any wooden garden furniture;
  • Check gutters haven’t become full of leaves;
  • Make sure the tv and satellite are working correctly;
  • Check also the alarm, phone line and wi-fi connection;
  • Should you have a pool or a lift it is advisable to have then checked annually;
  • Have the boiler serviced, possibly consider installing a remote connection to control from a distance;

Test the air-conditioning units and lights in each room.

If you follow all these little steps you will be able to enjoy a stress-free home over the summer. If you do find any problems that need repairing from small to large, LAKE COMO CONCEPTS can assist with putting you in touch with reputable tradesmen in the Lake Como area to resolve,

AND SO YOU CAN ENJOY YOUR SUMMER ON THE LAKE!

#lakecomo   #propertyforsale

HOTEL BOOKINGS ON LAKE COMO UP 10% ON LAST YEAR

La Provincia (our local Lake Como newspaper) reports that bookings for holidays and hotels on Lake Como are already up by 10 % compared to last year, and that the increase is most marked in visitors from the UK and the USA.

We have examined reasons why this may be:

  • Effect of the tumbling euro? The purchasing power of the dollar and sterling is significant more than 2014, approximately 30% in the case of the dollar!
  • Pre-bookings for EXPO 2015 with many people adding on days to see Lake Como and other areas surrounding Milan? Bookings are already at over 10 million and many more are expected to book prior to the start on 1 May 2015
  • Opening of yet more high quality hotels on Lake Como?
  • The Italian housing market is picking up so many visitors may feel it is a time to buy? Last quarter’s residential real estate transactions were up 5.5%.
  • Beginnings of a financial recovery in the US and UK?

And last, but seriously not least …….LAKE COMO IS SO BEAUTIFUL, AND A FANTASTIC PLACE TO SPEND A FEW DAYS, A HOLIDAY OR A LIFETIME!

#LakeComo #holidays #hotels

With the strengthening dollar is now the right time to buy on Lake Como?

There is never really a right or wrong time to buy a property – the decision is very personal, but with all things being equal, the strengthening dollar means that it may be worthwhile thinking about buying a property in Europe if your savings or income is in dollars.

We consider a market such as Italy that has yet to fully recover from the financial crisis is ideal for investment and it seems that things may finally be on the turn with the results last week from the Agenzie delle Entrate that the Italian housing sales are positive for the first time in seven years.

For the US dollar investor, as recently as May 2014, the exchange rate was USD 1.39 to the Euro, whereas on Friday 6 March 2015 it was at 1.09.

So what does this mean? Let’s take the average holiday home investor – for example with $300,000 to invest. In May 2014 this could buy an apartment on Lake Como for just under €216,000. Around Lake Como this should have achieved a 2 bedroom apartment. However just 10 months later with the stronger dollar this would be now €275,000 and thus open the door to a greater choice of apartments, and possibly even a small villa! At Lake Como Concepts we have villas starting at €260,000 so every extra euro really counts!

How will it go in the future? Will the dollar continue to strengthen? Who knows – talk to your financial advisor see what they are suggesting.

All we know is that Lake Como has a lot to offer to the investor – prices have held firm compared to other areas of Italy during the crisis and it is well positioned now to take advantage of Milan EXPO 2015! In addition with the news last week that annual Italian housing sales have turned positive, then it may be a perfect moment! So if you are thinking of buying have a look at the real estate we are selling at www.LakeComoConcepts.com

#euro #dollar #buypropertylakecomo

Italian Real Estate Market back in the black!

Yes, it’s official – according to the Agenzia delle Entrate – after seven long years in the red, the Italian real estate market has turned in positive results for 2014.

Property transactions in Italy were up by 1.8% in 2014 on a year by year basis, with the fourth quarter showing a particularly strong 5.5% increase. There were a total of 920 849 property transactions in 2014 with the best result coming from the commercial sector (+ 5.7%), followed by residential and manufacturing (+ 3.6%), whilst the service sector remains negative (-4.6%).

Some of the major cities in Italy saw double-digit growth in 2014, mainly Bologna (+ 18.5%), Genoa (15%), Rome (+ 13.9%) and Florence (+ 13.3%), whilst Milan and Turin both recorded a respectable growth of 5%. Interestingly, there was a 12% increase in transactions supported by a mortgage, with 40% of purchasers obtaining a loan and the average mortgage value was Euro 119,000.

So maybe it’s the time to consider investing in that property of your dreams in Italy, particularly if you put this together with the very favourable exchange rate of the euro against the dollar, sterling and the Swiss franc.

LAKE COMO – EXCELLENT SKIING WITHIN EASY REACH OF YOUR PROPERTY

Buying real estate on Lake Como is sometimes seem as a property investment for use in the Summer months but really nothing could be further from the truth. From its strategic central location, Lake Como makes a great base for exploring some fantastic ski resorts in the Italian and Swiss Alps.

Under an hour from Lake Como Closest to Lake Como, is Mount Sighignola in Lanzo d’Intelvi, at 1320 metres above sea level and just 20 minutes by car above Argegno. A day’s skiing only costs €20 at weekends and €15 on a week day and the area is great for beginners or children with a short baby slope and then a medium difficulty slope. With only 4km of pistes it is great if you are just starting and looking to try skiing near home. Fantastic views can be enjoyed from the top over Lake Lugano, and the area is known as the “Balcony of Italy”. Otherwise just north of Lecco, on the Lecco branch of Lake Como is Piani di Bobbio at 1700m, a larger ski area offering 35km of downhill skiing. The majority of the pistes are suitable for beginners but there is also challenging black runs if you take the Chiavello chairlift and descend Mount Orscellara. Whilst for cross country skiers there is a 5km ring also used for Italian and international races. Just 20 minutes by car from Lecco and under an hour from Como, and a day’s skipass is €32 at weekends or €26 during the week.

Under two hours from Lake Como Under two hours from Lake Como are some excellent Italian resorts – Bormio with its World Cup run and 50 km of pistes, suitable for all levels and reaching to over 3000m, Aprica again with 50 km of runs and the convenience of the beginners’ slopes right in the town, Chiesa Valmalenco, 35 km of pistes, Madesimo, 50 km of pistes. The choice is really vast and not limited to these more well known ski areas, where you will find excellent skiing, and can enjoy mouth-watering local food and wine at the numerous baitas dotted around. Skipasses around €35 to €40. Changing direction and going north from Como, a Swiss resort that is returning to popularity is Andermatt at the foot of the San Gotthard tunnel, and reachable by car in 1 hour 40 minutes. Famous in the 1960’s and with scenes in Goldfinger, the James Bond film, it has recently seen heavy investment in 5 star hotels and luxury boutiques. It has 125 km of runs to suit all levels and reaches to 3000m

Under two hours, 30 minutes from Lake Como If you wish to travel that little bit further there are some of the most famous ski resorts in the world within a few hours’ drive. Going into Switzerland there is St Moritz, about 2 hours 30 minutes from Como. There are 350 km of runs taking the three main ski areas into account; Corviglia, Corvatsch and the Diavolezza. Having hosted 4 World Cups and 2 Winter Olympics, St Moritz is gearing up for the next World Cup in 2017. Remember, it is Swizerland and a day’s skiing will set you back about €75. Staying in Italy, then try the duty free area of Livigno, with 115 km of downhill runs on both sides of a wide valley. Lifts are linked and a day’s skiing will cost €44 but is well worth it and you can always save with duty free purchases, at least petrol! Known as Piccolo Tibet as it is very cold and may be best avoided in the extremes of January! These are just a taste of the resorts comfortably accessible from Como for the day. If you are going for a weekend there are vast areas to explore – the Dolomites, the Via Lattea with Sestriere at its heart…………there are no limits!

What to do at Christmas in Como

Many people feel that Lake Como is just for Summer vacations – but nothing could be further from the truth. Como town and Lake Como itself make a great getaway at any time of the year.

As autumn, the season of delicious porcini mushrooms – wonderful with pasta, risotto or polenta – gives way to winter, Como gears up to a new challenge. Winter is the time of the Citta’ dei Balocchi, the ice rink in Piazza Cavour, the splendidly lit Duomo, and the street decorations that abound all the pedestrian thoroughfares in the town.

The CITTA’ DEI BALOCCHI – now in its 21st year in Como continues to grow in popularity with more and more visitors each year. Balocchi is an old Italian word for toys – and true to its name, Como dedicates itself to free activities and games for children in this pre-Christmas period, including puppet shows and exhibitions of magic tricks, plus displays of winter cribs and nativity scenes. The whole of Como joins in the fun with dazzling light shows and a spectacular 16 metre high Christmas tree in Piazza Grimoldi, next to the Duomo

CHRISTMAS MARKETS – the place to get those last minute Christmas gifts – stretching up Via Ciao Plinio towards the Duomo are the wooden Christmas market stalls selling the wonderful Christmas fare – gifts, vin brule’, grappas, torroncini, hams and salamis!

OSTERIA CON POLENTA – need some sustenance? Then visit the specially created winter garden restaurant in Piazza Verdi and sample all traditional dishes from around Lake Como in a magical atmosphere of fairy-lit trees. These Como dishes include polenta, Missoltini (sundried small lake fish), i pizzoccheri (a buck wheat pasta from the Valtellina), regional cheese, wines, beers and olive oils.

WHAT ARE YOU WAITING FOR – GET YOUR SKATES ON – The ice rink in Piazza Cavour in the centre of Como is open from 29 November 2014 to 7 January 2015, Monday to Friday 2.30pm to 11pm and weekends 10am to 11pm (closed only on Christmas Day)

JANUARY SALES – Christmas shopping is in full swing with many car-parks in Como already filling up early each day. The eagerly awaited January sales officially begin on Monday 5 January for Lombardy, so if you are planning a Lake Como short break that may be a good time, although remember, 6 January is an Italian bank holiday and not all the shops are open!

THINKING OF BUYING A PROPERTY – if you are looking for a new home it’s a great time for your property search – and at LAKE COMO CONCEPTS we are open during the festive period and you can find some special festive offers at www.lakecomoconcepts.com

#LakeComo #LakeComoConcepts #CittadeiBalocchi #ChristmasonLakeComo #buyingpropertylakecomo

Looking to buy a turnkey property on Lake Como?

Lake Como Concepts are marketing some excellent value turnkey apartments in Mezzegra just above Lenno that remove all the trouble and worry of furnishing a new property – and even better until Christmas, the furniture package worth over €30,000 will be included in these lake-view apartments, completely free! Details of this offer are available at http://www.lakecomoconcepts.com/mezzegra-a-vistabaia.htm

If you would like to buy a new property on Lake Como that is ready to move into, then Lake Como Concepts may have the answer. Many international buyers on #LakeComo enjoy spending time furnishing their new homes, but some have such busy lives that it just is not possible!

In the past, it has often been only the very expensive developments that offered this extra service, but these apartments in Mezzegra start at €250,000 and with these ‘ready to move-in’, furniture packages your purchase will be as hassle-free as possible! The developers of Vista Baia development in collaboration with one of the largest furniture stores in the area have prepared some excellent packages with international appeal
.
The furniture and furnishings are contemporary and sleek with designer names for example Veneta Cucine and Kartell, and as part of the service, each purchaser can spend time with the in-house internal designers choosing their particular colours and layout.

The cost for this turnkey service starts at €30,000. However, for Lake Como Concepts clients who are in a position to agree a sale before Christmas, this service is complimentary!

The stunning Vista Baia development is situated in Mezzegra and within walking distance of Lenno along the Greenway. The apartments have large terraces for outdoor dining and relaxing whilst enjoying breath-taking lake views and benefit from a shared pool. Some apartments have private gardens and garaging is available below.

It doesn’t have to cost a fortune to buy a villa on Lake Como

We are always being asked how much it costs to buy property on Lake Como, and potential clients are presently surprised to discover that a small villa can cost a lot less than they think!

Take for example a renovated 2 bedroom villa that we are marketing in Nesso – costing just €260,000, it has the most wonderful lake views! Or if you prefer a new build, we have villas for sale above Varenna with lake views, a shared pool and parking.

If, however, you are prepared to do some work yourself there are some real bargains to be had, especially with rustici towards the top end of Lake Como, and we are marketing properties from €60,000. They all require complete renovation, but the lake views are spectacular and for nature lovers you really cannot get better than this!