Bendinat - Bendinat / Costa D'en Blanes - Calvia / Bendinat

Anchored in the rich Spanish history, Bendinat and Sol de Mallorca are hidden gems on the island of Mallorca, Spain. Located in the charming province of the Balearic Islands, both locales reflect a prestigious royal past, with the 19th century castle in Bendinat and breathtaking sea views in Sol de Mallorca. They offer a privileged geographical location, with immediate access to the Mediterranean Sea along the island's southwest coast. These areas also allure those with a love for nature, offering a diverse landscape that merges mountains, beaches, and forests.

Real Estate Market Dynamics

The market for exclusive properties in Bendinat and Sol de Mallorca is currently firm and steady, reflecting a strong demand for luxury homes and apartments. The demand for real estate in this sector is noteworthy for constantly surpassing the available supply, demonstrating the popularity of these exclusive areas.

Politics and Economy

Thanks to the political and economic stability of these areas, investors are increasingly confident when buying properties here. Additionally, the real estate commission rate in Bendinat and Sol de Mallorca is around 5-6%, for both buyers and sellers. Nonetheless, it's crucial to account for other costs such as the transfer tax, notary fees, and any potential legal or building inspection costs.

Taxation

The transfer tax for private properties is approximately 8-10%. Also, there is a wealth tax that varies depending on the property's value. Those selling a private property used as a main residence or holiday accommodation must also pay a tax on the profits. The tax rate for registered businesses is 25%, while the income tax for registered residents varies according to the level of income.

Mortgage Requirements

To obtain a mortgage in Bendinat and Sol de Mallorca, a 70-80% relationship is generally required between the purchase price and equity, while the remainder must be verified through income.

Popular Residential Areas

The most popular residential areas in these locales are those offering stunning sea views and proximity to luxury services. Regarding accessibility, both locales are well-connected by roads and are a short distance from Palma, the island's largest city, and Palma de Mallorca International Airport.

Local Amenities

Nearby educational facilities include several prestigious international schools. In terms of infrastructure, Bendinat and Sol de Mallorca come well-equipped with luxury shops, hotels, gourmet restaurants, and exclusive entertainment options. These locales are also known for their array of outdoor activities, from golfing to biking and sailing. Additionally, several historical, cultural, and sports events are held each year.

Culture and Health

In terms of art and culture, there are numerous art galleries, theatres, and museums in the vicinity. Moreover, the health and well-being of residents are well catered for, with various hospitals and clinics nearby, ensuring an exceptionally comfortable lifestyle in Bendinat and Sol de Mallorca.