Located on the picturesque island of Ibiza, Cap Martinet is an exclusive residential area with a rich history. Originally a Phoenician settlement, as evidenced by the historical monument of Puig des Molins. This unique location in the Mediterranean offers stunning sea views and immediate access to the city of Ibiza, just a few minutes away. In this privileged enclave, the concept of luxury takes on a new meaning, going beyond the image of lavish houses and apartments.
Property Market
The market for exclusive properties in Cap Martinet remains stable and strong despite global economic fluctuations. Demand for luxury houses and apartments in this area of Ibiza is high, speaking to the economic and political stability of the region. The average commission paid by a buyer when acquiring a house here is about 3% of the sale value, while the buyer pays no commission. One must not forget the existence of additional costs such as transfer taxes, notary fees, and possible inspection costs.
Tax Matters
The transfer tax in Cap Martinet is approximately 8% of the total purchase price. There is no specific wealth tax, but a Property Tax (IBI) is paid that varies based on the cadastral value of the property. Regarding the tax on profits from property sales, it will depend on whether the house is your main residence or not. Additionally, when it comes to corporate and income taxes, they are at 25% and up to 47% respectively.
Mortgage Conditions
As a general rule, the mortgage conditions for purchasing a property in Cap Martinet allow up to 70% of the purchase price to be financed by a mortgage, leaving the remaining 30% to be paid by the buyer.
Location and Amenities
Cap Martinet is accessible by road and is just a few minutes from the city of Ibiza. This exclusive residential area is a short drive from Ibiza's international airport. The area boasts some of the best schools, universities, and training institutions on the island, as well as all the necessary services for a luxury lifestyle.
Attractions of Cap Martinet
Cap Martinet, located in the province of Illes Balears, has approximately 1,500 inhabitants. It offers a lush environment where the green of nature mixes with the crystal-clear waters of the Mediterranean Sea. The area enjoys a predominantly Mediterranean climate, with warm summers and mild winters. For outdoor enthusiasts, there is a wide variety of activities, from water sports, hiking to equestrian sports. The area is dotted with luxury shops and exclusive nightlife. Among the annual events, the Fiesta de San Juan and the Ibiza Jazz Festival stand out. Hospitals and clinics are conveniently located nearby, and the public infrastructure and services in Cap Martinet are of high quality.
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