Santa Eulalia, known for its impressive model of luxury and exclusivity, is a municipality full of history and beautiful geographical landmarks. With historic monuments dating back to the 18th century and a cultural melting pot derived from its rich tradition, Santa Eulalia possesses a charm that captivates locals and visitors alike. Located in the province of Alicante, on the glowing east coast of Spain, its geographical location provides it the advantage of having a Mediterranean climate, marked by warm summers and mild winters, offering many opportunities to enjoy outdoor activities throughout the year.
Current status of the luxury real estate market in Santa Eulalia
The real estate market for exclusive properties in Santa Eulalia remains stable and buoyant, thanks to its select offer of luxury homes and apartments. Demand keeps pace with supply, ensuring that both buyers and sellers have a satisfactory experience. It is vital to consider commissions and additional costs when buying a luxury property in Santa Eulalia. The average real estate commission that a buyer and a seller typically pay is around 2% and 5%, respectively. In addition, there are transfer taxes, notary fees, and construction inspection fees.
Taxes and additional costs in the purchase of properties in Santa Eulalia
The purchase of properties in Santa Eulalia also implies the payment of taxes such as the private property transfer tax that represents 8%. Additionally, there is a wealth tax relevant for homeowners, which has a progressive rate, but can reach up to 2.5%. In terms of income tax for registered residents, the rate can reach up to 48%. Conversely, when selling a privately owned house or apartment, the associated taxes change depending on whether the property is used as a main residence or second home.
Living in Santa Eulalia: What you need to know
Regarding mortgages, it is generally possible to obtain a mortgage of up to 70-80% of the purchase price in Santa Eulalia. However, this can vary depending on the relationship between own and foreign capital, and income requirements.
Santa Eulalia: Opulence at its best
The most sought-after and expensive areas to live in Santa Eulalia are Bellavista and El Paraíso, known for their luxury homes, panoramic views, and proximity to services. Santa Eulalia is easily accessible by road and rail and is a short distance from larger cities like Madrid and Barcelona. The nearest airports are Alicante Airport and Murcia International Airport.
Making life in and around Santa Eulalia
Santa Eulalia has a population of approximately 50,000 inhabitants and offers a variety of luxury shops, high-end restaurants, exclusive entertainment, and luxurious hotels. Annual historical, cultural, and sporting events complement the vibrant environment of Santa Eulalia and its famous museums, galleries, and theaters. Public infrastructure and service availability in Santa Eulalia are excellent, with a variety of quality schools, universities, hospitals, and clinics in the vicinity.
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