Felanitx, a hidden gem in the southwest of the Mallorca Island, in the province of the Balearic Islands, boasts a rich historical legacy and a revered cultural heritage dating back to the Roman times. Nestled between sprawling green hills and the stunning blue of the Mediterranean Sea, Felanitx is a melting pot of historical spots, including sites like the Church of San Miguel and the Sant Salvador monastery. This geographical tranquility and ethereal landscape of rolling vineyards, olive groves, and towering mountains has made it the epitome of a luxury paradise.
Real Estate Market in Felanitx
The exclusive property real estate market in Felanitx remains robust, with a stable supply and demand for luxury homes and apartments. The political and economic situation in Felanitx remains stable and secure, further boosting the confidence of local and international investors in its real estate market. When buying a house in Felanitx, the average commission of real estate can vary depending upon circumstances, however, it's important to take into account possible additional costs like transfer tax, real estate agents' commissions, notary fees and potential building inspection or legal costs.
Taxes and Local Regulations
Felanitx, like any other locality in Spain, has its own taxes and local regulations for real estate ownership. The transfer and wealth tax on private property, just as the taxes on the earnings made by selling a privately-owned house or apartment, whether as a primary residence or a vacation home, vary depending on the specific situation of the seller and the buyer. Companies registered in Felanitx are subject to corporate income tax, while registered residents need to comply with income tax requirements.
The Luxurious Lifestyle in Felanitx
The lifestyle in Felanitx is an essence of luxury and elegance. The most sought-after residential areas in Felanitx are those that offer panoramic views of the Mediterranean Sea or are located within walking distance to prestigious beaches. Felanitx is well-connected by road, with Palma de Mallorca just 50 minutes away by car. There are high-quality schools and universities nearby, and a vast selection in terms of luxury boutiques, first-rate restaurants, and classy nightlife. Art and culture enthusiasts will enjoy the numerous museums, galleries, and events held annually in Felanitx. The status of the public infrastructure is exceptional, and the availability of services in Felanitx is praiseworthy. Overall, living in Felanitx is an experience that combines idyllic and luxurious living with the peace and beauty of the surrounding nature.
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