Bendinat, located in the southwest of the beautiful island of Mallorca, Spain, is a town with a rich history dating back to medieval times. Once home to nobility, it now offers an exclusive environment with luxury properties surrounded by picturesque landscapes. Bendinat is distinguished by its impressive Bendinat Castle, an exemplary 19th-century Neo-Gothic style structure that adds character and history to the area. This exceptional enclave enjoys privileged access to the Mediterranean Sea and is surrounded by abundant vegetation, creating a natural and serene environment.
An Established Market of Exclusive Properties
The luxury property market in Bendinat remains strong, with demand often exceeding supply due to its prestigious location and the quality of life it offers. The political and economic situation is stable, providing confidence to both buyers and investors in this sought-after area.
Costs and Commissions When Buying Properties in Bendinat
When purchasing a luxury home in Bendinat, buyers must consider several additional costs, such as the transfer tax, which is approximately 10% of the property's value. Buyers typically pay an average real estate commission of 1 to 3% of the purchase price. Additionally, sellers also face commissions that are around 5% of the sale value. Other costs include notary fees, possible inspection expenses, and legal fees.
Taxes and Fiscal Obligations
Owners should be aware that the sale of a primary residence may be exempt from capital gains tax, depending on certain conditions. However, the sale of a second home is subject to capital gains tax, and the rates vary based on personal circumstances. Additionally, income tax for registered residents in Bendinat can affect their finances if they are homeowners.
Mortgage and Financing Requirements
Depending on the buyer's economic situation and relationship with foreign financial entities, it is possible to obtain a mortgage of up to 70-80% of the property's purchase price in Bendinat, as long as income requirements and adequate guarantees are met.
Exclusive Areas and Accessibility
The most coveted residential areas in Bendinat include zones like Old Bendinat and Anchorage Hill, known for their magnificent properties and sea views. Bendinat is easily accessible by road, being just a 10-minute drive from the city of Palma, which is the largest city on the island. The Palma de Mallorca International Airport is about 20 minutes away, offering both domestic and international flights.
Education and Health
In terms of education, Bendinat has prominent institutions nearby, such as the renowned Agora Portals International School. For medical services, the Juaneda Clinic and the Son Espases Hospital in Palma provide high-quality healthcare not far from Bendinat.
Lifestyle and Entertainment
Bendinat's Mediterranean climate allows for a wide range of outdoor activities such as golf, tennis, and water sports. For shopping and luxury enthusiasts, the region offers exclusive stores and elegant boutiques. In terms of gastronomy, Bendinat and its surroundings host high-quality restaurants like Astir at the Nixe Palace Hotel and sophisticated entertainment options in places like Puerto Portals. Additionally, the cultural life is enriched by annual events in Mallorca, including music and art festivals that attract both locals and tourists.
Infrastructure and Public Services
Bendinat benefits from good public infrastructure and available services that ensure a comfortable and contemporary living experience. Water, electricity, and telecommunications services are well developed, making Bendinat an ideal place for those seeking a luxury residence with all modern amenities.
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