Santanyí is a charming town with a rich history located in the southeast of the island of Mallorca, Balears. Known for its magnificent local sandstone architecture, Santanyí has long been a hotbed of history and culture. The fascinating churches and archaeological sites offer a fascinating reminder of its ancient inhabitants. Not to mention, its privileged location surrounded by some of the most beautiful beaches and coves, offers stunning views of the Mediterranean Sea.
Exclusive Property Market in Santanyí
The exclusive property market in Santanyí is currently strong and stable. With a growing demand that often exceeds supply, it becomes an attractive destination for both international investors and those looking for a retreat in the Mediterranean luxury lifestyle.
Costs of Acquiring a Property in Santanyí
When buying a luxury home in Santanyí, other additional costs must be considered. These include the property transfer tax, which is 8% to 10%. However, buyers also usually pay up to a 10% commission to real estate agents, in addition to notary fees and possible construction inspection or legal costs.
Property Taxes in Santanyí
The wealth tax for a privately-owned house in Santanyí ranges from 0.2% to 2.5%, and there are taxes on the profits made when selling a house or apartment. The corporate income tax for companies registered in Santanyí is 25%.
Mortgage Requirements in Santanyí
Mortgage requirements to buy a house in Santanyí vary, but in general, banks lend up to 80% of the purchase price.
Luxury Life in Santanyí
The most expensive and sought-after residences in Santanyí are located in areas such as Cala d'Or and Porto Petro. Santanyí is easily accessible by road and is an hour's drive from Palma, the island's largest city, and Palma de Mallorca International Airport. Additionally, Santanyí boasts fascinating luxury shops, high-quality restaurants, exclusive sports and cultural events, and a lively nightlife.
Education and Services in Santanyí
The infrastructure of Santanyí is well developed, with a number of schools, hospitals, and nearby clinics. Public facilities are well maintained, and basic services are easily accessible.
The Charm of Santanyí
With a charming Mediterranean climate, unique landscapes, and beautiful natural surroundings, Santanyí is truly unmatched. Whether practicing water sports, exploring luxury shops, or indulging in the vibrant nightlife, there is always something to do here. Not to mention, the rich history and culture of the town are present at every corner, with cultural and sports events held every year, adding even more appeal to life in Santanyí.
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