Santa Eulalia is an extraordinary gem located on the east coast of Ibiza, well-known for its captivating history and stately historical sites. Positioned upon a hill, the city features a stunning 16th-century fortified church renowned for its beauty and authenticity. Additionally, its geographical location in the midst of extensive golden beaches, lush forests, and mountains give this city a unique and spectacular charm that makes it the perfect place for those seeking a luxurious and tranquil lifestyle.
Exclusive Property Market in Santa Eulalia
The exclusive property market in Santa Eulalia is currently steady, offering a wide array of luxury houses and apartments to cater to the most sophisticated tastes. Moreover, the demand for this type of property is high, ensuring a profitable investment.
Political and Economic Factors
The political and economic situation in Santa Eulalia is stable, providing safety and trust to investors and residents.
Additional Costs and Taxes
When buying a luxury home in Santa Eulalia, it's important to consider some additional costs such as the transfer tax, which is 10%, real estate agent commissions, notary fees, and potentially building inspection or legal costs. As a buyer, the real estate commission generally averages around 5%. However, when selling a house, the seller should also consider a similar commission.
The wealth tax for private property in Santa Eulalia depends on several factors, including property location and value. It's advisable to consult with a local tax advisor to get the most updated information. When selling a private property, both the main residence and second home, capital gains tax must be paid, but the specific percentage varies and may depend on factors such as the duration of ownership and whether the property has been your primary residence.
Residential Areas in Santa Eulalia
The most coveted areas for luxury living in Santa Eulalia include the classy village of Siesta, the exclusive development of Can Furnet, and the stunning coastal enclave of Cala Llonga. These areas offer panoramic views, privacy, and proximity to Santa Eulalia's top-tier amenities.
Mortgages and Financial Requirements in Santa Eulalia
Before applying for a mortgage in Santa Eulalia, it's important to know that local banks generally allow foreign buyers to borrow up to 60%-70% of the property purchase price. Furthermore, most banks will require income proof to ensure you can manage the monthly mortgage repayments.
Life in Santa Eulalia
With a population of approximately 13,000 inhabitants, Santa Eulalia is located in the province of the Balearic Islands and offers a luxury-filled life in a serene atmosphere. From its impressive natural surroundings, full of beautiful beaches and mountains, to its wide range of outdoor activities including golf, cycling, and sailing, Santa Eulalia is a stunning place to live.
The climate in Santa Eulalia is pleasant all year round, with mild temperatures in winter and warm in summer. The city has numerous luxury stores, top-quality restaurants, high-end boutique hotels, and various cultural events held throughout the year. It's also conveniently located near the vibrant city of Ibiza and the Ibiza international airport.
Santa Eulalia's infrastructure is excellent, with good hospitals, a variety of schools and universities, and a wealth of services available to residents. In summary, Santa Eulalia is a magnificent and vibrant place where luxury living is within easy reach.
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