Torre-Pacheco - Los Alcazares - San Javier

Torre Pacheco, a municipality in the Region of Murcia in southeast Spain, prides itself on its rich history and its unparalleled historical heritage. This town is located in a coveted geographical location, located on a fertile plain southeast of the city of Murcia, only 37 km away. Visitors can immerse themselves in the region's culture through various historical sites, such as the Torreón de Pacheco, a 16th-century defensive tower, and the Casa del Marqués, a 19th-century manor house. Surrounded by majestic mountains and a few kilometers from the golden beaches of the Mar Menor, Torre Pacheco offers an enviable lifestyle.

The Luxury Real Estate Market in Torre Pacheco

The luxury real estate market in Torre Pacheco is currently strong and stable, thanks to high demand for luxury homes and apartments that exceeds the existing supply. This situation is supported by remarkable political and economic stability.

Acquisition Costs and Commissions

The buyer and seller in Torre Pacheco typically pay a real estate commission of 3% and 1%, respectively. When purchasing luxury property, one should be prepared to cover additional costs such as the transfer tax (normally between 8% and 10% of the purchase price), real estate agent fees, notary fees and possible building inspection or legal costs.

Property and Profit Taxes

In Torre Pacheco, the transfer tax on private property is 8%, while the wealth tax varies depending on the net value of the owner's assets. Profits made from selling a main residence are exempt from taxes, while those made from selling a second home are subject to income tax. The operational earnings tax for registered companies is 25%, and registered residents of Torre Pacheco are subject to an income tax that varies based on their earnings.

Mortgages and Financing

Mortgage requirements in Torre Pacheco generally require the foreigner to provide at least 30% of the property's value in equity, while the mortgage can cover up to 70% of the purchase price.

Life and Accessibility in Torre Pacheco

Torre Pacheco takes pride in its exclusive residential areas such as Roldán and Balsicas. The city is well-connected by road and rail and is about 20 km from Murcia International Airport. The nearest city, Murcia, is less than 30 minutes by car. Students can enjoy access to diverse nearby schools and training institutions, including the Polytechnic of Cartagena and the University of Murcia.

Lifestyle and Entertainment in Torre Pacheco

With its captivating natural environment, mild Mediterranean climate, and varied cultural and sports offerings, Torre Pacheco stands out for its luxurious and relaxed lifestyle. Among the luxury shopping and entertainment options are designer shops, high-quality restaurants, and annual historic and cultural events. In addition, Torre Pacheco has high-quality medical facilities and efficient public infrastructure. With all this and more to offer, it's not hard to see why Torre Pacheco is the perfect place to invest in a luxury property.