Cala Martina - Cala Llenya - Cala Mastella

Es Canar, a charming and prestigious location on the island of Ibiza, is famous for its rich history reflected in the resplendent Ibizan architecture and surrounding historic sites. This place is located on the east coast of Ibiza, nestled in the clear waters of the Mediterranean and surrounded by lush nature. From its origins as a quiet fishing village, Es Canar has transformed into a desirable location for those seeking a superior quality lifestyle in a serene and luxurious setting. Its geography makes it an exclusive place for retreat and relaxation, far from the hustle of larger urban areas.

Real Estate Market and Costs in Es Canar

The current real estate market for exclusive properties in Es Canar reflects robustness and stability, offering a range of luxury houses and apartments as demand in this corner of Ibiza is increasing. Although Es Canar remains politically and economically stable as it belongs to the thriving island of Ibiza and to Spain as the central state, it is essential to consider certain costs when buying a property here. The typical real estate commission when buying a home in this locality can vary, although it is recommended to reserve between 3-5% of the sale price to cover these costs. Additional costs such as property transfer tax, notary fees and possible building inspection or legal costs also require consideration. The property transfer tax in Es Canar is around 10% to 11%.

Taxes and Mortgage Requirements in Es Canar

Once a property owner in Es Canar, one must consider the tax on wealth and gains from private property. When selling a property used as a main residence, no tax is charged on the gains made as long as certain conditions are met. However, the sale of a second residence involves taxes on the gains. Registered residents in Es Canar should expect an income tax percentage ranging from around 19% to 48%, depending on income. When applying for a mortgage for a home in Es Canar, you would expect to be able to secure up to 80% of the sale price, depending on the value of the property and your financial situation.

Location and Accessibility of Es Canar

The most expensive and coveted residential areas in Es Canar are located in the coastal areas, where the properties have stunning sea views and easy access to the beaches. It is well connected by road and rail, just 27 km from Ibiza, the nearest largest city.

Living a Luxury Lifestyle in Es Canar

Es Canar is home to numerous luxury hotels and high-quality restaurants, and offers exciting nightlife. The village offers a variety of sports and outdoor activities such as hiking, biking and water sports. There are plenty of luxury shops and boutiques offering high-end brands. Various historical, cultural and sporting events take place annually in Es Canar, including music and art festivals, and local and international sporting events. Art and culture enthusiasts can visit the nearby Museum of Contemporary Art of Ibiza and the Ethnological Museum of Ibiza. Healthcare in Es Canar is of excellent quality, with several nearby hospitals and clinics. Public infrastructure and services in Es Canar are solid and reliable, contributing to make this enclave an accessible and welcoming place to live.