Nestled in the magnificent Mediterranean coast, Ses Torres is an enclave of history and exclusivity. With a brilliant historical legacy that dates back to venerable times, it houses impressive ancient monuments that tell a rich story of past civilizations. Sheltered by the magical island of Ibiza, its geographical location makes it a precious hidden treasure in the midst of the turquoise Mediterranean. Located to the east of the island, it offers spectacular views of the ancient citadel of Dalt Vila and the modern district of Ibiza Nueva.
Ses Torres Real Estate Market
The luxury real estate market in Ses Torres is strong and constantly growing, there is a high demand for luxury homes and apartments that exceeds the current supply. Its political and economic situation is stable and promotes growth in the luxury real estate sector.
Purchasing Costs of Luxury Properties
The average commission that a real estate buyer pays when acquiring a house in Ses Torres is approximately 3-5% of the selling price. Additional costs such as transfer tax, real estate agent commissions, notary fees, and possible building inspection costs should be considered. The transfer tax is around 10% of the selling price.
Taxation in Ses Torres
In Ses Torres, the wealth tax on private property ownership of a house is typically 0.2%-2.5%. Taxes on gains made when selling a privately owned house vary depending on whether it is used as a primary residence (generally exempt from sales after 3 years of ownership) or as a second/vacation home (between 19%-23% of the gain). The corporate income tax for companies registered in Ses Torres is 25% and the income tax rate for registered residents of Ses Torres can vary from 24% to 47%.
Mortgage Loans in Ses Torres
Generally, banks in Ses Torres provide mortgages of up to 60-80% of the property value. Banks will also look at the applicant's income to ensure that the mortgage payment does not exceed 35% of the applicant's net income.
Living in Ses Torres
Ses Torres is accessible by well-maintained roads and an efficient bus system. From here, the nearest major city, Ibiza, is only a 15-minute drive, while the Ibiza International Airport is a 20-minute drive away.
The most sought-after residential areas of Ses Torres are to the east, near the coast, where you can find stunning luxury homes with beautiful sea views.
Ses Torres is surrounded by a large number of high-quality schools and universities. It has a warm Mediterranean climate, with long, hot, dry summers and mild, wet winters. The town offers outdoor sports and activities, including hiking, cycling, and water sports.
Services and Amenities in Ses Torres
Public infrastructure and services in Ses Torres are of a high quality. Locals and visitors can enjoy a number of luxury shops, as well as a wide variety of high-quality restaurants and sophisticated nightlife entertainment. Ses Torres hosts various cultural, historical, and sports events throughout the year, and boasts several museums, art galleries, and theaters in its surroundings. Health services nearby are well established with several high-quality hospitals and clinics.
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