Capdepera - Son Servera - Canyamel

Artà, located in the province of the Balearic Islands and home to around 7,500 inhabitants, is a town that preserves a historic flavor, framed by ancient stone walls and narrow, cobblestone streets leading to various monuments such as the Parish Church of the Transfiguration of the Lord and the San Salvador sanctuary. In this charming town, you can immerse yourself in authentic Mediterranean culture and appreciate stunning views of the coastline and green mountains. The privileged location in the northeast of the island of Mallorca, is surrounded by the Llevant Natural Reserve, with easy access by both road and train, making Artà an exceptionally attractive town.

Real Estate Market in Artà

Currently, the luxury property market in Artà is stable, with a balanced supply in line with the demand for exclusive homes. Artà's political and economic situation remains firm and stable, encouraging safe real estate investment. When buying a house in Artà, the estate agency fee usually paid varies between 3% and 6% depending on the agency.

Additional Costs When Buying a Property

When acquiring a luxury property in Artà, you should take into account additional costs. The transfer tax on private property is about 8%. On the purchase of a luxury home, the average real estate commission that a buyer generally pays is 5%. The wealth tax on a private property home is from 0.2% to 2.5% depending on the property value. Apart from this, you should consider additional expenses such as notary fees and potential legal and building inspection costs.

Mortgage Requirements

Generally, to buy a house in Artà, the ratio between own and foreign capital must be at least 30/70 and income must be sufficient to cover the mortgage and maintain an acceptable quality of life. The maximum amount of mortgage you can get on the purchase price is approximately 80%.

Where to Live in Artà

The most expensive and sought-after residential areas of Artà for luxury homes are mainly located in the old town and in the coastal areas of Canyamel and Colonia de Sant Pere.

Lifestyle in Artà

Life in Artà is idyllic, surrounded by lush nature and offering a variety of sports activities such as hiking, golf and cycling. Its streets abound with luxury shops, designer boutiques, antique shops, and galleries. For an entrepreneur, Artà offers a varied range of hotels, high-quality restaurants like Forn Nou and Sa Gripia, exclusive nightlife and entertainment, and we cannot forget its rich cultural life with numerous historical, cultural and sports events like San Antonio, San Salvador, and a vibrant cultural week every July, along with museums and galleries like the Regional Museum of Artà. In terms of health, Artà has several medical centers and hospitals in the vicinity, like the Hospital de Manacor, 25km away. Finally, the public infrastructure and availability of services are excellent, with everything within a short distance for a life of luxury and comfort.