Located in the placid east of Mallorca, Canyamel is a hidden gem with a rich history dating back to the Islamic period, declared as a Cultural Heritage site. Its privileged location on the coast, flanked by majestic mountains and natural parks, makes it a serene retreat with white sandy beaches and crystal-clear water. Canyamel is popular for its medieval castle, "Castell de Capdepera", and the caves "Coves d'Artà", which belong to the most impressive on the island. This picturesque village is part of the Province of the Balearic Islands.
The Canyamel real estate market
The exclusive property market in Canyamel is stable, with a constant demand for luxury houses and apartments. The political and economic situation in Canyamel is equally stable, creating a conducive environment for luxury real estate investments.
Real estate acquisition costs
Buyers should bear in mind various additional costs when purchasing a luxury home in Canyamel. These include a property transfer tax calculated based on the value of the property, commissions from real estate agents, notary fees, and possible construction inspection or legal costs. The average real estate commission paid by a buyer and a seller in Canyamel can vary.
Tax issues
Wealth tax and the transfer tax on private property in Canyamel must be considered during property acquisition. Profits earned from the sale of a privately-owned house or apartment are taxable, whether the property is used as a primary residence or a second home. Corporate taxes applicable to companies and income tax for residents must also be considered.
Mortgage requirements
To purchase a house in Canyamel, compliance with certain mortgage requirements is essential. This includes having a healthy ratio of own and foreign capital and meeting income requirements.
Location and accessibility of Canyamel
Canyamel is known for its exclusive luxury properties, mainly located in residential areas perfectly situated near the coast and nature. The town can be accessed by road and has railway connections. The closest major city to Canyamel is Manacor, just 35 km away. Domestic and international airports, such as Palma de Mallorca Airport, are within driving distance.
Infrastructure and services in Canyamel
Canyamel offers a wide selection of luxury stores, top-tier schools, universities, and training centers, as well as nearby hospitals and clinics. The public infrastructure in Canyamel is exceptional, and the availability of services is abound.
Lifestyle in Canyamel
With pleasant weather for most of the year, Canyamel offers endless possibilities for outdoor sports and activities, such as hiking, cycling, golf, and water sports. Canyamel is also famous for its culinary scene, featuring fine dining restaurants, and its vibrant nightlife. You can also look forward to recurring high-profile events in the fields of history, culture, and sports. In terms of art and culture, Canyamel hosts various museums, galleries, and theaters. All of this makes Canyamel a truly exceptional place for luxury living.
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