| Ramzi Chamat
In the real estate market of Geneva, purchasing a property can pose significant financial challenges. However, thanks to CASATAX 2024, a legal and innovative solution implemented by the Geneva government, buyers can find a valuable ally to turn their dream of property ownership into a reality. In this article, we will explore the advantages of CASATAX 2024, its eligibility criteria, and how it can help you save money when purchasing real estate in Geneva.
In Geneva, purchasing a property can be an elusive dream for many residents due to high real estate prices and associated additional costs. However, thanks to CASATAX 2024, a legal initiative implemented by the Geneva government, this goal becomes more achievable than ever. In this article, we will delve into the details of the benefits of CASATAX 2024, how it works, and how it can help you make substantial savings when buying real estate in the canton of Geneva.
CASATAX is a legal measure introduced in 2004 by the Geneva government to promote property ownership in the region. Its aim is to reduce the costs associated with purchasing a property, including registration fees and mortgage deed fees. In 2024, the new amount for CASATAX is set at CHF 1,359,903, representing an increase compared to previous years.
The benefits offered by CASATAX 2024 are significant for real estate buyers in Geneva. Firstly, CASATAX allows for a reduction in registration fees, which can lead to substantial savings on the total cost of purchasing a property. Additionally, mortgage deed fees are also halved, further contributing to easing the financial burden on buyers.
To benefit from CASATAX 2024, buyers must meet certain criteria. Firstly, they must be individuals and purchase a property to use as their primary residence. Additionally, they must commit to occupying the property for at least three years, within two years following the signing of the sales contract. Furthermore, the ceiling price for the property is set at CHF 1,359,903 for the year 2024.
To illustrate the impact of CASATAX 2024, let's consider a concrete example. Suppose a buyer is considering purchasing a property worth CHF 1,100,000. With CASATAX, they could benefit from a reduction in registration fees of CHF 20,036 and a halving of mortgage deed fees, allowing them to save over CHF 30,000 on the total cost of the purchase.
In conclusion, CASATAX 2024 emerges as a breath of fresh air for aspiring homeowners in Geneva's real estate market. This government initiative offers a promising outlook for making property ownership more accessible and affordable. The substantial benefits offered by CASATAX, combined with its clear eligibility criteria, make this measure a valuable tool for realizing your real estate projects in the region.
Furthermore, we are pleased to inform you that Oaks Lane group will soon launch a promotion in Bernex: LES JARDINS D'ADEN N°4. This promotion will include several lots accessible under CASATAX. We invite you to stay tuned for our announcements to seize this exceptional opportunity. With CASATAX 2024 and LES JARDINS D'ADEN N°4, you are on the verge of realizing your dream of acquiring your own property in Geneva.
