Cas Catala and Bendinat are idyllic towns located on the southwest coast of Mallorca, known for their rich history and breathtaking landscapes. These picturesque places are a cradle of historical monuments such as Bendinat Castle dating from the 19th century. They are favorably located on the renowned Costa d'en Blanes, offering a panoramic view of the Mediterranean Sea. Furthermore, they are strategically positioned, allowing residents easy and quick access to the island's capital, Palma.
Luxury Real Estate Market in Cas Catala / Bendinat
The current market for exclusive properties in Cas Catala and Bendinat is constantly booming, thanks to the increasing demand for luxury homes in these exclusive areas. The supply and demand for luxury properties are balanced, with a trend towards price stability.
Commission and Additional Costs in Luxury Property Sales
The average real estate commission that both the buyer and seller pay in Cas Catala or Bendinat tends to be around 5%. In addition, additional costs such as property transfer tax, notary fees, and possible building inspection or legal costs should be considered. The private property transfer tax in Cas Catala / Bendinat can vary depending on the property but hovers around 10%.
Taxes and Mortgage Requirements
In Cas Catala and Bendinat, there is no wealth tax for private property as it is covered within income tax. However, the corporation tax for companies registered in these places is 25%. The general mortgage requirements to buy a house require that at least 20% of the property value comes from equity, and monthly income must be sufficient to cover living expenses, existing debts, and the mortgage payment.
Location and Access
Cas Catala and Bendinat are located in the province of the Balearic Islands and have an approximate population of 1,000 and 500 residents respectively. They are a short distance from Palma, the nearest larger city, and are about 20 kilometers from Palma International Airport. Road accessibility is excellent and well connected with the bus network.
Natural Environment and Services
Surrounded by green hills and overlooking the Mediterranean Sea, the climate in these places is typically Mediterranean, with sunshine for most of the year. Cas Catala and Bendinat have outstanding public infrastructure and a wide range of services in their vicinity. They include an exceptional selection of high-quality restaurants, luxury shops, clinics and hospitals, and a variety of sports and outdoor activities such as hiking, cycling, golf, and sailing. In addition, it has famous cultural destinations and annual events like the Bendinat Art Festival.
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