Submerged in the rich western history of the island of Ibiza, Cala Gracio is an exceptional enclave spread along the imposing coastline. This old traditional fishing area is now known for its exclusive properties and distinguished leisure environment. Its location on the Mediterranean Sea, just a few kilometers north of San Antonio, puts it in a privileged position. Surrounded by the purest Mediterranean essence, the place offers a unique combination of history, nature, and luxury.
Luxury Property Market in Cala Gracio
The exclusive property market in Cala Gracio is strong and stable. Currently, there is a noticeable demand for luxury homes that balance the supply of houses and apartments in this area. Its current political and economic situation is stable, which contributes to its attractiveness for those looking to invest in luxury properties.
Costs and Commissions When Buying a Property
When buying a luxury home in Cala Gracio, it is important to take into account additional costs such as transfer tax, real estate agent commissions, notary fees, and possible construction inspection or legal costs. The real estate commission is calculated as a percentage of the sales price and varies depending on the agreement with the agency or real estate agent. In case of selling a property, the corresponding percentage commission on the sale should also be taken into account, which is often negotiable with the real estate agent.
Local Taxes and Tax Obligations
As for taxes, the transfer tax in Cala Gracio amounts to a specific percentage of the property value. In addition, one should take into account the wealth tax on private properties and the profit tax in case of selling a property, whether it is used as a main residence or as a holiday home. The corporate earnings tax applies to companies registered in Cala Gracio, and the income tax for registered residents also has its specific percentage.
Obtaining a Mortgage in Cala Gracio
To obtain a mortgage for a property in Cala Gracio, there are a number of income requirements and the ratio between own and foreign capital. These factors will determine how much mortgage can be obtained at most on the purchase price.
Luxury Residential Areas in Cala Gracio
Cala Gracio offers a variety of exclusive and highly sought-after residential areas. Residents enjoy the beauty of the coast, proximity to cultural attractions, and accessibility by road and rail.
Life and Amenities in Cala Gracio
This area offers numerous amenities and advantages for its residents, including luxury shops, high-quality restaurants, a rich cultural and nightlife. Also, it is important to highlight the quality of life provided by its climate, its rich natural environment, its sports facilities, as well as its significant annual events.
Please consult with a local real estate agent or lawyer for more information and advice on buying properties in Cala Gracio.
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