Nestled in the charming province of Mallorca, Sa Torre abounds with history and architectural splendor. With its beautiful historical sites such as manor houses and its remarkable defense tower, it offers a glimpse into the past. Located on the south coast of the island, Sa Torre boasts a privileged location with access to incredible views of the Mediterranean Sea and proximity to the vibrant city of Palma.
Real Estate Market in Sa Torre
The market for exclusive properties in Sa Torre is currently strong and stable, with demand balanced by the supply of luxury houses and apartments. The current political and economic conditions in Sa Torre are also stable, making it an ideal place for real estate investors.
Costs and Commissions of Real Estate in Sa Torre
When buying a luxury house in this area, several additional costs should be taken into account such as the transfer tax, real estate agent commissions, notarial fees and possible building inspection or legal costs. The average commission a seller can expect to pay in Sa Torre is 5%, while buyers are rarely subject to this commission. As for taxes, the private property transfer tax is 8%, while wealth tax on private property can vary depending on individual circumstances.
Mortgage Requirements in Sa Torre
To acquire a home in Sa Torre, banks generally require the buyer to have 30% of their own capital and provide proof of stable income. The amount of mortgage that can be obtained depends on the particular lender and individual circumstances, but generally no more than 70% of the purchase price is allowed.
Living in Sa Torre
The most exclusive and sought-after residential areas of Sa Torre are mostly seafront properties with panoramic views. Sa Torre is easily accessible by both road and rail and is only 16 miles from Palma, the largest city nearby. The airports of Palma de Mallorca and Palma Aquila are 11 and 17 miles away respectively.
In terms of education, several recognized international schools and prestigious universities are located near Sa Torre. This tranquil locality is surrounded by pristine nature, offering many opportunities for hiking, cycling and other outdoor sports. For shopping lovers, Sa Torre has luxury stores offering everything from haute couture fashion to jewelry and accessories.
Exclusive restaurants, sophisticated hotels, and a vibrant nightlife complete the luxurious lifestyle of Sa Torre. The Annual Summer Music Festival and the rotating exhibits in the local galleries are just some of the cultural events to be enjoyed here. The public infrastructure in Sa Torre is robust and access to services is immediate, with several hospitals and clinics available nearby for quality medical care. Sa Torre offers a luxurious lifestyle in a stunning and relaxing setting.
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