Calvià, a picturesque municipality located in the province of the Balearic Islands, has a rich history that dates back centuries. Its impressive historical legacy can be appreciated in places like the Church of Sant Joan Baptista and the remnants of its ancient watchtowers. Geographically, Calvià is located in the southwest of the island of Mallorca, surrounded by mountainous landscapes and the beautiful Mediterranean coast. Its strategic location makes it an attractive place for both tourists and residents seeking a luxury home.
Exclusive Property Market in Calvià
The market for exclusive properties in Calvià is currently strong, with high demand often exceeding the available supply of luxury houses and apartments. The political and economic situation of the municipality is stable, contributing to a favorable environment for real estate investments.
Commissions and Additional Costs when Buying in Calvià
When purchasing a luxury home in Calvià, buyers must consider several additional costs, such as the property transfer tax, which is approximately 8-11% of the purchase price. Additionally, real estate agent commissions, notary fees, and possible inspection or legal costs should also be considered. The average commission paid by the seller is around 5% of the sale price, while the buyer typically does not pay the agent's commission in Spain.
Taxes in Calvià
The tax on the profit from a property sale varies depending on the use of the property: if it is a primary residence, the profit may be exempt; however, for a second residence, a capital gains tax will apply. The transfer tax on private property is variable, generally ranging from 8-11%.
Mortgages and Financing
Buyers in Calvià can obtain a mortgage of up to 70-80% of the purchase price, depending on their financial situation. The criteria include a balanced ratio between own and foreign capital, as well as stable income requirements.
Exclusive Residential Areas
The most expensive and sought-after areas in Calvià include Portals Nous, Santa Ponsa, and Bendinat, known for their stunning properties and proximity to high-quality beaches and golf courses.
Accessibility and Location
Calvià is well connected by road, about 20 minutes by car from Palma de Mallorca, the nearest large city. Additionally, Palma de Mallorca International Airport is about 25 kilometers away, facilitating access for national and international travelers.
Education and Training
In the surroundings of Calvià, there are some of the best international educational institutions, such as King Richard III College, providing high-quality education options to resident families.
Nature and Climate
The environment of Calvià is spectacular, with mountainous landscapes, sea views, and a Mediterranean climate that ensures hot summers and mild winters, ideal for enjoying outdoor activities.
Sports and Outdoor Activities
Calvià offers a wide range of sports activities, such as golf, tennis, and water sports. The region is also known for hiking and cycling routes that attract nature enthusiasts.
Luxury Shopping and Entertainment
From elegant boutiques to gourmet restaurants like Flanigan in Portals Nous, Calvià provides exclusive options for shopping and entertainment. Additionally, luxury hotels and a lively nightlife make it a coveted destination for glamour lovers.
Culture and Events
Calvià hosts a variety of annual cultural and sporting events, including music festivals and regattas. Nearby museums in Palma enrich the cultural offering in the region.
Health and Public Services
Medical facilities nearby, such as the University Hospital Son Espases, ensure adequate access to healthcare. The public infrastructure in Calvià is well-developed, offering reliable services to its residents.
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