Resting under the warm sun of the island of Mallorca, surrounded by extensive vineyards and with the iconic and picturesque landscape of the Sierra de Tramuntana, lies Santa Maria del Cami, laden with beautiful architecture and history, dating back to the Moorish era. With its 17th century church, the Monastery of La Real and a series of traditional rural estates called 'Possessions', the town offers a serene refuge for those seeking elegance and luxury away from the hustle and bustle. Located in the center of Mallorca, just 15 km from the elegant capital, Palma, with easy access to the international airport and the island's road network, Santa Maria del Cami is a privileged choice for those seeking luxury and Mediterranean lifestyle.
Exclusive Property Market in Santa Maria Del Cami
The luxury property market in Santa Maria Del Cami is currently firm and stable, with increasing demand that coincides with the offer of spectacular luxury houses and apartments. The properties are distinguished by their authentic architecture and the tranquility of a life with modern comforts in this historic enclave.
Expenses and Taxes Associated with the Purchase
The average real estate commission in Santa Maria varies depending on the amount of the transaction, commonly around 5% for both buyer and seller. It is also important to consider other expenses such as transfer tax (close to 8% of the property value), notarial costs, and possible property inspection costs. In addition, there is a wealth tax that applies to properties with a high value.
Factors such as Mortgages and Taxes
Most banks in Spain allow mortgages that cover up to 70% of the total cost of the property, with the rest contributed privately. When selling a property that is used as a primary residence or as a second home, capital gains tax must be paid on the profits made from the sale. The percentage of the tax varies depending on the time the property has been in possession.
Attraction of Santa Maria del Cami
The most sought-after residences in Santa Maria del Cami are usually located near the central Mayor square and surrounding areas, where commercial and festive activity is concentrated. The town has a railway station that easily connects it with the vibrant city of Palma. Also, it offers a wide range of luxury shops, haute cuisine restaurants, and access to outdoor activities, from hiking and cycling to golf and sailing. Cultural events such as the famous wine market and the local art festival in summer also take place. The town has prominent health centers and a solid public infrastructure, making Santa Maria del Cami a luxurious yet vibrant oasis.
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