Nestled in the hills of the Serra de Tramuntana, the peaceful town of Moscari embodies the essence of Majorcan charm. Moscari, with its ancient stone streets and carefully restored houses, provides a glimpse into the past, while situated in a privileged geographical location on the island of Mallorca. Over time, this town has maintained its authenticity, becoming the perfect retreat for those who wish to savor the quiet life on the island. From its rich history to its stunning panoramic views, Moscari is a treasure waiting to be discovered.
Real Estate Market in Moscari
The luxury real estate market in Moscari is currently steady, with a constant demand for high-end homes that matches the supply. The political and economic situation in Moscari is also stable, making the area a safe place to invest. In terms of additional costs when buying a property in Moscari, buyers should estimate a real estate commission cost of 6%, in addition to the transfer tax, notary fees, and possible inspection costs.
Taxes and Fees
The transfer tax for private property in Moscari oscillates around 8%. The wealth tax on private property is 1% per year. It is required to pay a tax on the gains obtained when selling a house or apartment, regardless of whether it is used as a primary residence or holiday home. Likewise, the income tax for registered residents of Moscari is between 19% and 47%, and the corporate earnings tax is 25%.
Mortgages in Moscari
The general mortgage requirements stipulate that the buyer must contribute 20% of the property price as their own capital, with sufficient income to cover mortgage costs and other financial obligations. The maximum mortgage amount that can be obtained is usually up to 80% of the purchase price.
Life in Moscari
Moscari is characterized by its stunning mountainous landscapes, beautiful nature, and mild Mediterranean climate. Although this picturesque town is located in the province of the Balearic Islands and has less than 1000 inhabitants, it boasts an unparalleled quality of life, with easy road access and proximity to the city of Palma de Mallorca and its international airport.
The town offers numerous outdoor activities such as hiking, cycling, and exploring the natural beauty of the Serra de Tramuntana. It also benefits from a range of luxury shops, magnificent hotels, high-quality restaurants, and notable cultural events such as the Festa Major in August. The local infrastructure is excellent, with well-maintained public services and several nearby hospitals and clinics.
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