Illetes, a charming enclave located on the southwest coast of Mallorca, stands out for its rich history and its privileged location in the Mediterranean. Originally, this area was home to various ancient cultures, whose traces can still be found in its surroundings. Just a few minutes from Palma, Illetes has grown from being a simple tourist destination to a desirable location for the international elite. Its proximity to historical sites like Bellver Castle and its access to impressive coves make Illetes a special place to live.
Exclusive Property Market in Illetes
The luxury property market in Illetes is currently characterized by its strength, with high demand outstripping supply, which has driven prices up. This trend is supported by political and economic stability, which continues to attract high-profile international buyers. For those interested in selling, the average commission expected by the seller is around 5-6%, and buyers can expect to pay a commission of around 3%.
Costs and Taxes When Buying Luxury Properties
When purchasing a property in Illetes, it's crucial to consider additional costs, such as the property transfer tax, which ranges around 8-10%, notarial fees, real estate commissions, and potential inspection expenses. Moreover, wealth tax and capital gains tax apply if the property is sold as a second residence.
Residential Areas and Amenities in Illetes
The most desired areas of Illetes for luxury homes include those close to the beach and those with sea views. The community is well served by modern roads and is just 9 kilometers from Palma de Mallorca. The international airport Son Sant Joan is about a 20-minute drive away, facilitating global access.
Education and Health in Illetes
Regarding education, residents of Illetes have access to highly esteemed international schools nearby, as well as faculties in Palma. In terms of healthcare, hospitals and private clinics of excellent reputation are within a short distance, ensuring top-level health services.
Lifestyle and Leisure
Illetes offers a unique combination of tranquility and luxury. The area is known for its high-end boutiques and gastronomic offerings, including restaurants like the famous Balneario Illetas. For sports enthusiasts, the crystal-clear waters of its beaches are perfect for water activities. The Mediterranean climate fosters a vibrant outdoor life all year round.
Culture and Entertainment
The cultural life in the area is rich and varied, with annual events celebrating local history and traditions. Illetes and its surroundings boast museums and galleries that offer a glimpse into the region's art and culture.
In summary, Illetes not only offers a vibrant and growing exclusive property market but also promises a privileged lifestyle in an impressive natural setting. With its first-class infrastructure, access to exceptional services, and a welcoming community, living in Illetes is synonymous with unmatched Mediterranean luxury.
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