Located in the sunny province of Mallorca, Muro is a jewel of the Mediterranean with a rich history that dates back to prehistoric times. This picturesque town is known for its stunning historical architecture, including the emblematic Church of Sant Joan Baptista and the ancient Centre of Sant Francesc. Anchored between the imposing Sierra de Tramontana and the Mare Nostrum, Muro shares a rich tapestry of culture, tradition, and stunning natural landscapes with the surrounding municipalities.
Luxury Property Market in Muro
The luxury property market in Muro is solid and stable, demonstrating a steady demand that matches the supply of high-end properties. This balance ensures a smooth and fair transaction for buyers and sellers.
Economic and Political Aspect
Despite the global landscape, Muro maintains a robust economic environment and a stable political situation, providing a safe and attractive environment for luxury real estate investments.
Price and Commissions
The average real estate commission in Muro is around 5% for both buyers and sellers. In addition, additional costs such as transfer tax, notary fees and possible building inspection or legal costs should be taken into account.
Taxes
In Muro, the private property transfer tax is 8%. In addition, the wealth tax on a private property varies depending on the value of the property and the financial situation of the owner, among other factors. If a private property used as a main or second home is sold, taxes must be paid on the profits from the sale. On the other hand, the corporate income tax for companies registered in Muro is 25%, and the income tax for registered residents varies depending on their income level.
Living in Muro
The most expensive and sought-after residential areas in Muro are those with sea or mountain views. Muro is easily accessible by road and rail and is just a few kilometers from Palma de Mallorca, the largest city on the island. Nearby are the airports of Palma de Mallorca and Manacor.
Services and Amenities in Muro
Muro offers a variety of services and amenities, including schools, universities, and training centers. In addition, Muro has top-tier hospitals and clinics, enviable public infrastructure, and a wealth of services such as luxury shops, haute cuisine restaurants, high-quality and exclusive nightlife, and renowned annual cultural, historical, and sporting events.
Life in Muro
With a population of just over 7,000 inhabitants, Muro offers a relaxed pace of life while full of excitement. The city is famous for its magnificent landscapes and mild climate. In addition, lovers of sports and outdoor activities will find a true paradise in Muro with a multitude of options to enjoy, from hiking and cycling to water sports. Last but not least, Muro is also a magnet for art and culture lovers, with its Nadal Art Center and several renowned museums and cultural institutions in the vicinity.
In summary, living in Muro is enjoying a luxury lifestyle in a serene and culturally rich and diverse environment.
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