Port D'es Torrent, located on the idyllic island of Ibiza, is a dreamlike location that blends history, natural beauty, and luxury. This appealing destination is the home of historical sites like the Torre des Carregador, and it enjoys a privileged geographical location, situated in a peaceful bay on the west coast of the island. Surrounded by crystal clear waters and green spaces, Port D'es Torrent provides easy access to Ibiza's cultural and economic capitals.
Port D'es Torrent Real Estate Market
The current market for exclusive properties in Port D'es Torrent is characterized by being strong and stable, which generates healthy competition between buyers and sellers. The demand for luxury homes and apartments in the area is high, often equaling or exceeding the availability of properties.
Costs and Commissions in Property Purchase
When acquiring a property in Port D'es Torrent, a buyer typically pays a real estate commission of around 3% to 5% of the sale price. On the other hand, sellers can expect to pay between 5% and 10% in commissions to the real estate agency. Besides, additional costs should be considered, such as transfer tax, notary fees, and possible building inspection or legal costs.
Local and International Taxes
Regarding taxes, the transfer tax on private property in Port D'es Torrent is around 10%. The wealth tax for a private property ranges between 0.2% and 2.5%, depending on the property's value. Residents in the country only pay taxes on the profits made when selling a privately owned house if it's not reinvested in another property. For companies registered in Port D'es Torrent, a corporate tax of around 25% applies, while registered residents have an income tax rate that varies depending on their income level, topping out at 47%.
Port D'es Torrent Mortgage Requirements
In terms of mortgages, buyers are generally required to provide between 20% and 40% of the property's total cost as equity. The maximum amount that can be obtained as a mortgage usually does not exceed 80% of the purchase price.
Exclusive Residential Areas
The most sought after and expensive residential areas in Port D'es Torrent include those near the coast and its beautiful beaches, like Cala Bassa and Cala Conta, known for their stunning sea views.
Port D'es Torrent Accessibility and Location
Port D'es Torrent enjoys excellent connectivity via roads and is easily accessible from the city of Ibiza, only 20 kilometers away. The closest airports are Ibiza Airport and Valencia Airport, both within a short flight's reach.
Education in Port D'es Torrent
Port D'es Torrent is close to several prestigious educational institutions, such as the University of the Balearic Islands in Mallorca and the Polytechnic University of Valencia in Valencia.
Cultural and Leisure Offerings in Port D'es Torrent
This fantastic location offers a variety of luxury shops, top-quality and famous restaurants, and boasts an exciting nightlife. In addition, several sports, cultural and historical events are held each year, which are a significant attraction for locals and visitors alike. The region is full of museums, galleries, and theaters, like the Contemporary Art Museum of Ibiza and the famous Teatre Principal of Palma.
Services in Port D'es Torrent
In terms of healthcare, Port D'es Torrent is near several high-quality hospitals and clinics. Moreover, its public infrastructure is quite comprehensive and provides all the necessary services for a comfortable and luxurious life.
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