Colonia de Sant Jordi, a hidden paradise on the island of Mallorca, Spain, is rich in history and famous for its beautiful marina and white sandy beaches. Known for its authentic historical fortress, the lighthouse of Ses Salines, it is an emblem of this wonderful place's seafaring past. Ideally located in the Balearic province of the Balearic Islands, this beautiful city is located at the southern end of the island, surrounded by the Mediterranean Sea. A walk through its historic center offers a mixture of typical houses and historical buildings, reflecting its rich heritage and tradition.
The Luxury Real Estate Market in Colonia de Sant Jordi
The luxury real estate market in Colonia de Sant Jordi is currently stable and resilient, despite overall economic fluctuations. The demand for luxury houses and apartments stays strong, often exceeding the available supply. This is evidenced by the premium prices that can be obtained in the most sought-after residential areas such as Son Barraquer, El Paraiso and Las Salinas.
Additional Costs in Purchasing Luxury Properties
When buying a luxury property in Colonia de Sant Jordi, certain additional costs should be considered. These include the property transfer rate of 10%, real estate agent commissions typically around 5%, and notary fees. There may also be additional costs for building inspections and legal expenses.
Property-Related Taxes
The wealth tax for a private property in Colonia de Sant Jordi can vary depending on specific factors but is generally in the range of 0.2% to 2.5%. The taxes on the gains made when selling a private property vary depending on whether the property is used as a main residence or second home. The income tax rate for residents registered in Colonia de Sant Jordi is 19% for non-residents and can go up to 47% for residents.
Accessibility and Local Amenities
In terms of accessibility, Colonia de Sant Jordi is well connected by road. It is approximately an hour's drive from Palma de Mallorca, the main city, and there is an international airport in Palma. The town is well equipped in terms of services and offers a range of activities and entertainment. There are several high-quality schools in the area, as well as luxury shops and high-end restaurants.
Life in Colonia de Sant Jordi
The town has about 900 inhabitants and offers a stunning setting with its proximity to the water and the protected natural landscape of Es Trenc-Salobrar de Campos. The climate is typically Mediterranean, with hot summers and mild winters. Residents and visitors can enjoy a wealth of outdoor activities, from hiking and sailing to water sports. Local facilities include luxury hotels, gourmet restaurants and a lively nightlife. Annual events that attract visitors include the summer Music Festival and the Festa del Carme, a maritime celebration. The local infrastructure is robust and easily assists residents. These make Colonia de Sant Jordi a luxury destination and an ideal place for upscale living.
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