Sa Torre Urbanization is a hidden jewel with a rich history and architectural beauty. Located on the island of Majorca, southeast of the city of Palma, the island's capital, it provides additional exclusivity. Notable examples of its impressive historical heritage are the Sa Torre Tower and the Son Palmer Estate, both iconic historical buildings. Located about 20 kilometers from Palma, this urbanization is ideal for those seeking a luxurious Mediterranean lifestyle.
Real Estate Market in Sa Torre
The market for exclusive properties in Sa Torre Urbanization is currently stable, providing consistency and security to investors. The demand and supply of luxury houses and apartments maintain a healthy balance, with a diverse range of properties available.
Financial and Tax Factors to Consider
Before investing in real estate in Sa Torre Urbanization, it's important to consider various fiscal and financial factors. The average real estate commission a buyer pays is 3% to 6% of the sales price. For sellers, this commission is similar. Also consider the transfer tax on private property, which is 8% to 10%. The wealth tax and the capital gains tax when selling a property vary depending on the property and its value.
Mortgages and Financing
In Sa Torre Urbanization, the mortgage requirements are reasonable and competitive. A mortgage of up to 80% of the purchase price can be obtained, depending on the property's value and your financial situation.
Location and Accessibility
Sa Torre Urbanization is located in the Llucmajor region, just 20 km from Palma, making access to urban services easy. It is close to several airports, both national and international, and there are various schools, universities, and training institutes located nearby.
Lifestyle and Amenities
Living in Sa Torre means enjoying a tranquil environment, surrounded by nature with access to various outdoor activities like golf and swimming, especially in the coastal area. In addition to luxury shops, there are various high-cuisine restaurants, luxury hotels, and exclusive entertainment and nightlife options.
Cultural Attractions
As a cultural epicenter, it hosts various historical, cultural, and sports events annually. Art lovers have access to museums, galleries, and theaters in the surroundings of Sa Torre.
Health Services and Infrastructure
Sa Torre boasts nearby high-quality health centers and solid public infrastructure. The availability of these services adds to the appeal of living in this exclusive urbanization.
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