Nestled on the southwest coast of Mallorca, Camp de Mar is a peaceful oasis of luxury and history. Originally a small fishing village, Camp de Mar has managed to preserve its charm and natural beauty throughout the centuries. Swept by refreshing sea breezes, the village is surrounded by high mountains and the clear waters of the Mediterranean. Moreover, it is strategically positioned between Andratx and Paguera, facilitating travel to other parts of the island.
Real Estate Market in Camp de Mar
The real estate market for exclusive properties in Camp de Mar is currently very strong. Demand exceeds the supply of luxury houses and apartments, making the place a desired destination for investors. Despite the current political and economic situation, Camp de Mar maintains a notable stability, adding additional appeal for potential buyers.
Costs to Acquire a Property in Camp de Mar
When considering the purchase of a luxury home in Camp de Mar, it is important to take into account various additional costs. These may include transfer tax, real estate agent commissions, notary fees, and possible building inspection or legal costs. Although fees may vary, the average commission for buyers tends to be around 5-10% of the purchase price.
Local Tax and Associated Costs
In terms of local taxes, the transfer tax on private property varies, we always recommend consulting with a tax advisor. The wealth tax for private properties in Camp de Mar may also vary. As for the tax on profits when selling a property, this will depend on whether it is a primary or secondary residence, which should be consulted with a professional.
Mortgage Requirements and Financing
The mortgage requirements to buy a house in Camp de Mar depend on many individual factors including the ratio of own to foreign capital and income requirements. For an accurate assessment, consulting with a local bank or a mortgage broker is recommended.
Living in Camp de Mar
Camp de Mar is a locality rich in history and culture, and has a coveted luxury lifestyle. The most sought after residential areas of Camp de Mar are those offering sea views and easy access to the beach. The village is accessible by road and is conveniently located near Palma, the largest city on the island. It is also close to Palma International Airport.
Services and Amenities
Camp de Mar offers a wealth of services and amenities, including luxury shops, a variety of gourmet restaurants, and an exciting nightlife. Furthermore, just minutes drive away are the famous Andratx golf courses. Finally, in terms of health services, there are several hospitals and clinics nearby. With all this and more, it's easy to see why so many choose Camp de Mar as their luxury home.
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