Sant Elm, a peaceful enclave located in Mallorca, preserves a rich historical legacy. This place, once known as 'Puerto Mayor,' was an important commercial port in the Middle Ages. Among its historical landmarks are the Tower of Cala Basset and Calvary Chapel. Geographically, Sant Elm is located at the western end of the island, providing a magnificent view of the Dragonera Island Nature Park.
The Sant Elm Real Estate Market
The market for exclusive properties in Sant Elm can be described as relatively stable with a balanced supply of luxury homes and apartments. Demand often matches the available supply, creating a balanced housing environment. The political and economic situation in Sant Elm is also stable, which contributes to the confidence of investors and buyers.
Taxes and Fees
When buying a luxury home in Sant Elm, one must consider an average real estate commission ranging between 1% and 3% of the purchase price. However, additional costs may include transfer tax (which is around 10%), notary fees, building inspection costs, and potential legal costs. Wealth taxes and profits from property sales vary depending on the value of the property and the individual situation of the owner.
Mortgages in Sant Elm
In general, banks in Sant Elm can grant up to 70% of the purchase price as a mortgage. However, requirements may vary, depending on the ratio between home equity and foreign capital, as well as the proof of necessary income.
Location and Accessibility
Sant Elm is known for its accessibility and prestigious residential areas, such as Cala Basset and Es Garrover. Sant Elm can be accessed via a scenic road route from Andratx. The Palma de Mallorca airport, the largest and nearest city, is only an hour away.
Culture and Leisure
In addition to hosting major historical and cultural events, Sant Elm offers a variety of sports and outdoor activities. From hiking and biking to water sports, there is something for everyone. The town also boasts a range of luxury shops, high-quality restaurants, and exclusive nightlife.
Services and Amenities
In addition to its rich cultural and leisure offerings, Sant Elm has a well-developed public infrastructure and high-quality services. The town has several well-equipped hospitals and nearby clinics. Renowned education institutions, including some universities, are just a short drive away.
In conclusion, living in Sant Elm means enjoying a luxury lifestyle in a place of great natural beauty, with a rich history and culture, and world-class infrastructure.
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