Located on the majestic island of Menorca, Mahón is known for its rich history and sites of cultural heritage. As the capital city of Menorca, it has displayed a remarkable British influence since its period under British rule in the 18th century. Aptly nestled on the eastern coast of the island, Mahón boasts the deepest natural port in the Mediterranean. This coastal city holds a historic charm with its well-preserved colonial architecture and winding cobblestone streets.
Real Estate Market in Mahón
The current luxury real estate market in Mahón is strong and stable, with a growing demand and supply of luxury homes and apartments. Thanks to the city's political and economic stability, investors see immense potential in the sector.
Costs Associated with Property Purchase
When buying a property in Mahón, various additional costs such as real estate commission, transfer tax, notary fees, and inspection and legal costs need to be considered. The average real estate commission for a buyer and seller in Mahón may vary, usually, they are negotiated individually with each agency or agent.
Applicable Taxes in Mahón
When purchasing a property in Mahón, the property transfer tax and property wealth tax should be taken into consideration. Additionally, it's important to note both the capital gains tax when selling a house and the corporate and income tax for registered residents of Mahón.
Mortgages in Mahón
The mortgage requirements to buy a house in Mahón may vary according to individual circumstances, but they generally are based on the relationship between own capital and income. The maximum amount of the mortgage will depend on the purchase price of the property and the buyer's financial analysis.
Residential Zones in Mahón
Mahón has several high-end residential zones that are highly appreciated. Luxury homes can be found in areas such as the Port of Mahón, Binibeca, and Santa Bárbara.
Accessibility and Location of Mahón
Mahón is admirably well-connected by road and rail. It is a short distance from large cities like Barcelona and the Spanish capital, Madrid. The nearest national and international airports are Menorca Airport and Barcelona International Airport.
Education and Services in Mahón
Mahón offers an ample amount of educational options, with recognized schools, universities, and training institutions. The natural surroundings of Mahón are incredibly rich, with beautiful beaches, a stunning coastline, and unforgettable landscapes. The city offers various luxury stores, high-quality hotels, posh restaurants, and a vibrant nightlife.
Culture and Events in Mahón
Mahón is famous for its cultural depth, with historical and sporting events held annually. The city boasts numerous museums, galleries, and theaters where one can appreciate works of art and culture. Health services are excellent, with various hospitals and clinics in the vicinity. And public infrastructure and service availability in Mahón are excellent.
Living in Mahón is synonymous with a luxury lifestyle with all amenities and the beauty of living in a historic city. Whether you're looking for a home to live full time or a vacation residence, Mahón is a wonderfully attractive place to consider.
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