Lloseta - Selva - Moscari

Inca, located in the heart of the island of Mallorca, is famously known for its rich history and appreciated architecture that spans from the Talayotic era to the Islamic period. The city is dotted with historical monuments, among them the Monastery of Santo Domingo and the majestic Town Hall building, witnesses of a past full of cultural and historical events. Geographically, Inca is located at a strategic crossroads where the island's main communication arteries pass. Adjacent to the majestic Sierra de Tramuntana, Inca offers its inhabitants a unique blend of history, culture, and a relaxed luxury lifestyle.

Luxury Property Market in Inca

The current city of Inca boasts a market of exclusive properties that remains stable, with a slight upward trend. The demand for luxury houses and apartments keeps pace with the supply, allowing the market to maintain a healthy balance. Likewise, the current political and economic situation in Inca is stable, which contributes to creating a climate of confidence for long-term investments.

Additional Costs for Purchasing in Inca

There are several additional costs that must be taken into account when buying a luxury home in Inca. These include the transfer tax which in Mallorca is 10%, notary fees, building inspection costs, and possible legal fees. Besides, real estate commissions in Inca are below the national average, usually being 5% for both buyers and sellers.

Taxation in Inca

In Inca, private property taxes are aligned with the rest of Spain. The private property transfer tax is 10% and the wealth tax rate can reach up to 2.5% depending on the property's value.

Mortgages in Inca

Mortgage conditions in Inca are similar to those in the rest of Spain. A loan of up to 80% of the total property value can be applied for, although the conditions depend on the buyer's income capacity.

Luxury Lifestyle in Inca

Inca is known for its renowned residential areas, especially the environs of the Sierra de Tramuntana where luxury properties offer spectacular views and are surrounded by dreamlike nature. The city is well connected through the MA-13, which links to the capital Palma, located about 33 km away. It has excellent nightlife options, with renowned restaurants and wineries where you can taste the best Mediterranean cuisine. Leisure attractions include CineCiutat, with a wide range of auteur cinema, the exclusive Mallorca casino, and the Son Gual and Puntiró golf clubs. In addition, the city offers a wide variety of sports and outdoor activities, including hiking, cycling, and golf. Inca is famous for its Leather Market and wine fair, both events attract visitors from all over the island each year. Inca also has museums and art galleries like the Shoe and Industry Museum. In terms of services, Inca is very well provided, with a modern hospital and numerous clinics, and a good public infrastructure considering its population, which is about 30,000 people. In conclusion, buying a luxury home in Inca can provide an exceptional lifestyle, surrounded by nature, heritage, and modern amenities.