Cosily anchored on the island of Mallorca, Cales De Mallorca is a strategic corner of history and natural beauty. From its rich Arab heritage to its period of prosperity in the 19th century, the region is highlighted by its imposing historical buildings and emblematic lighthouses. Located in the serene east of Mallorca, this Balearic enclave offers a peaceful and rewarding pace of life. Cales De Mallorca is also a key geographical focus due to its proximity to the capital, Palma.
Luxury Real Estate Market in Cales De Mallorca
Cales De Mallorca enjoys a stable market of exclusive properties. The demand for luxury homes and apartments here is in balance with the supply.
Political and Economic Situation
The political and economic situation of Cales De Mallorca is firm and stable.
Commissions and Additional Costs
When buying a house in Cales De Mallorca, the buyer pays an average commission of 5%. The seller also pays an average commission of 5%. Additional costs when purchasing a luxury house include transfer tax, real estate agent fees, notary fees, and potential construction inspection or legal costs.
Taxes and fees
The transfer tax on private property in Cales De Mallorca is 8%. Wealth tax for owning a private home varies depending on the net value of the property. There is no capital gains tax on the sale of a main residence, but there is a 19% tax on selling a second home/holiday home.
For companies, the corporate income tax is 25%. On the other hand, the income tax for registered residents varies between 19% - 47%.
Mortgage and Financing
Banks generally finance up to 80% of the purchase value of a house in Cales De Mallorca. An income verification is required and own capital is preferred over foreign capital.
Location and Accessibility
The most sought-after and expensive neighborhood for luxury houses in Cales De Mallorca is the exclusive area of Cala Antena. A short driving distance from Palma, Cales De Mallorca offers easy access by road.
The closest international airport, Palma de Mallorca's, is an hour's drive away.
Education and Health Services
There are numerous prestigious schools, such as the Baleares International College near Cales De Mallorca. The Son Llàtzer Hospital and Juaneda Clinic offer excellent health services.
Lifestyle and Entertainment
In Cales De Mallorca, you can enjoy a variety of outdoor sports, such as hiking, diving, and cycling. The region is home to luxury shops, high-end restaurants, stylish hotels like the HYB Eurocalas, and a vibrant nightlife.
Cales De Mallorca also celebrates annual historic and cultural festivals like the Fiesta de la Vendimia.
Infrastructure and Public Services
With a population of around 30,000, Cales De Mallorca has a solid public infrastructure and a full range of services. The local nature and climate provide a quality living environment, ideal for lovers of sophisticated and relaxed living.
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