Anchored in the rich history of the coast, Cala Martina is an exclusive enclave located in a natural setting of incomparable beauty. Its historical monuments and the preservation of its traditional architecture take us back to its ancient origins. The area offers stunning views of the Mediterranean Sea and is located in the charming province of Ibiza. Here, luxury is not just a choice, it's a lifestyle.
Real Estate Market in Cala Martina
The current market for exclusive properties in Cala Martina is strong and continues to grow. The demand for luxury houses and apartments consistently exceeds supply, demonstrating the ongoing appeal of the region. The political and economic situation in Cala Martina is stable, providing peace of mind for those looking to invest in luxury real estate.
Costs Involved in Buying a Property
The purchase of a luxury property in Cala Martina comes with certain additional costs to consider. The average real estate commission paid by both the buyer and the seller is around 3-5% of the property price. Additional costs include transfer tax, real estate agents' commissions, notary fees, and potential building inspection costs. It's important to note that the transfer tax on private property in Cala Martina is approximately 6-10%.
Taxation in Cala Martina
Residents of Cala Martina are subject to a wealth tax of a variable percentage depending on the value of the property. The sale of a primary residence in Cala Martina is not subject to capital gains tax, however, the sale of a second or holiday home may be subject to capital gains tax. Companies registered in Cala Martina are subject to a 30% corporate income tax, while personal taxes vary depending on income.
Mortgage Loan Requirements
Mortgage loans in Cala Martina require a balanced relationship between domestic and foreign capital, and sufficient income to cover the mortgage. Banks usually lend up to 60-70% of the purchase price of the property, depending on the property's valuation and the borrower's ability to repay.
Luxury Residential in Cala Martina
The most expensive and sought-after residential areas of Cala Martina include the coast of the Mediterranean Sea and the downtown area. These areas are known for their proximity to local amenities, fantastic accessibility, and stunning natural beauty.
Accessibility and Local Services in Cala Martina
Cala Martina enjoys excellent road and rail transport connections to nearby towns and to Ibiza's international airport. Residents enjoy access to top-tier schools, universities and training institutions nearby. In terms of medical care, there are several hospitals and clinics near Cala Martina and the public infrastructure and availability of services in the area are exceptional.
Lifestyle in Cala Martina
Love outdoor adventure, luxurious shopping, or vibrant nightlife? Cala Martina offers all that and more. Outdoor sports and activities are plentiful and include boating, hiking and golf. The area is known for its selection of luxury shops and its vibrant restaurant and entertainment scene. Residents and visitors can enjoy a variety of cultural, historical and sports events that are held annually in Cala Martina, offering a wide range of experiences to enjoy this luxury lifestyle.
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