Deià and Ses Coves are two hidden gems on the island of Mallorca, recognized for their rich history, architectural cultural heritage, and privileged geographical location, nestled between the Sierra de Tramuntana and the blue waters of the Mediterranean. The caves of Ses Coves, a long-time meeting place for artists, and the idyllic town of Deià, with its stone streets and old manor houses, immerse visitors in an atmosphere of tranquility and charm. Now, these two places have become the backdrop for a luxurious lifestyle that attracts the international elite.
The Luxury Real Estate Market in Deià and Ses Coves
The real estate market in Deià and Ses Coves is currently very stable. Luxury real estate in these towns is highly coveted and demand often exceeds supply, ensuring a good return on investment. Buying a house in Deià or Ses Coves is much more than a financial investment, it is investing in a luxurious lifestyle and a slice of paradise.
Fees and Taxes
The average commission paid to real estate agents when buying a house in Deià and Ses Coves is around 5%. In addition to the real estate agent's commission, buyers must also take into account property transfer costs, notary fees, and possible building inspection or legal costs. Property transfer tax in Deià and Ses Coves is 8%, while wealth tax varies depending on the property value and the tax situation of the owner.
Mortgages and Investments
Most banking entities in Deià and Ses Coves offer mortgages that can reach up to 60% of the purchase value, although this can vary depending on the buyer's profile. Local banks tend to be more flexible in their mortgage lending procedures than international banks, and have extensive experience in handling high-value real estate transactions.
Living Luxury in Deià and Ses Coves
The most expensive and sought after areas to live in Deià and Ses Coves are those located on the hills overlooking the Mediterranean or on their picturesque cobblestone streets. These areas are connected to Palma de Mallorca, the nearest city, by a network of roads and railways, and are just over half an hour from Palma International Airport. In Deià and Ses Coves you can enjoy nature in all its splendour, practice outdoor sports such as hiking or diving and enjoy luxury shops. As for cultural and social life, it has a variety of high-quality hotels and restaurants, as well as cultural and sports events.
Infrastructure and Services
Deià and Ses Coves, belong to the province of the Balearic Islands and have a modest population that guarantees a peaceful life. Their public infrastructure is of high quality and necessary services, such as hospitals, schools and training institutions, are close by. Additionally, year after year, Deià and Ses Coves continue to enrich their cultural life with annual events and attractions such as renowned museums, galleries and theaters.
In summary, buying a luxury home in Deià or Ses Coves is a safe investment for both wealth and lifestyle, accompanied by the charm these places provide and the high quality of life they offer.
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