Manacor / Cala Romantica, located on the beautiful island of Mallorca in Spain, has a rich history dating back to Roman times as evidenced by its numerous archaeological sites. Nestled between rolling hills and the sparkling Mediterranean coast, the region is renowned for its cultured pearls and high-quality furniture.
Exclusive Property Market
Today, the luxury real estate market in Manacor / Cala Romantica is stable, with a balanced relationship between supply and demand for luxury properties.
Political and Economic Stability
The political and economic situation in Manacor / Cala Romantica is stable, which is attractive and ensures investors a beneficial return on their property investments.
Additional Costs when Buying Properties
When buying a luxury property in Manacor / Cala Romantica, additional costs should be taken into account, including the transfer tax, which is 10% of the property price, real estate commissions, notary fees, and potential construction inspection or legal costs.
Property Taxes
In addition, there is a wealth tax that can amount up to 2.5% of the property value. Regarding the sale of properties, it is possible that a tax on the profits obtained may have to be paid. However, in the case of main residences, this tax may be exempt.
Mortgage Requirements
In terms of property purchases, there is generally a 30/70 relationship between personal funds and those obtained through a mortgage. The permitted limit for a mortgage largely depends on the individual's financial situation but, in most cases, it can reach up to 80% of the purchase price.
Luxury Residences
The most expensive and sought-after residential areas for luxury homes include coastal areas, especially Cala Romantica, which is popular for its natural beauty and sea access.
Accessibility
Manacor / Cala Romantica has excellent road transport connections with the nearest city of Palma, which is approximately one hour away. Both Palma de Mallorca Airport and Menorca Airport are relatively close by, allowing for easy and efficient travel.
Community Facilities
Manacor and Cala Romantica offer a wealth of local amenities, including renowned schools and universities. There are also numerous clinics and hospitals providing high-quality healthcare services.
Atmosphere and Climate
The region enjoys sunshine most of the year, allowing residents to enjoy numerous outdoor activities. It is famous for its beautiful landscapes, including white sandy beaches, wooded hills, and crystal clear waters.
Leisure Options
From luxury shopping to high-end cuisine, the region has much to offer. We are talking about landmark places like Can March, a restaurant with a Michelin star. In addition, the region hosts numerous annual events, including the Manacor ATP tennis tournament.
Infrastructure and Services
Manacor / Cala Romantica has excellent public infrastructure, including water and electricity services, as well as high-speed internet and telecommunications services.
With its glorious climate, beautiful beaches, and serene tranquility, Manacor / Cala Romantica is an attractive destination for buying a luxury home. Whether it's for its investment opportunities or simply the desire to enjoy a luxurious lifestyle, this charming region possesses all the qualities to be a perfect choice.
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