Located in the heart of Mallorca, Santa Margalida is a historical gem that attracts luxury enthusiasts from all over the world. With its rich history dating back to Roman times, historical sites such as the Roman site of Son Real and the parish church of Santa Margalida, and a geographical location close to the Mediterranean Sea, Santa Margalida is an unbeatable destination for those in search of a luxury lifestyle.
Exclusive Real Estate Market in Santa Margalida
The current exclusive real estate market in Santa Margalida is strong and stable, making it attractive to both national and international buyers. The demand for luxury houses and apartments remains high, facing an equally robust supply.
Political and Economic Situation of Santa Margalida
The political and economic situation in Santa Margalida is stable, with a solid economy supported by flourishing industries, including tourism and construction.
Costs of Buying a Luxury Property in Santa Margalida
Buyers can expect to pay an average real estate commission of 5% when buying a home in Santa Margalida. Additional costs such as transfer tax (8% to 10%), notary fees, and possible building inspection or legal costs should also be considered. The wealth tax for a house in Santa Margalida is 2.5%.
Taxation in Property Sale in Santa Margalida
When selling a privately owned home or apartment, a capital gains tax must be paid. For main residences, an exemption may apply. In the case of a second home, a tax of between 19% and 23% will be applied to the profit made.
The Luxury of Living in Santa Margalida
The most exclusive residential areas of Santa Margalida include the old town and the nearby coast of Son Serra de Marina. With easy access by road and rail, Santa Margalida is only 60km from Palma de Mallorca, the island's capital, and 64km from its international airport.
Lifestyle in Santa Margalida
Santa Margalida offers the ultimate in luxury lifestyle. You can enjoy nature in the surroundings, play outdoor sports such as hiking or cycling, shop in luxury stores and enjoy haute cuisine in renowned restaurants. In the field of culture, do not miss the Santa Margalida Theater and the Parish Museum.
For medical needs, the hospitals of Manacor and Muro are a short drive away.
Services Available in Santa Margalida
The public infrastructure in Santa Margalida is excellent, with a wide availability of essential services, including electricity, water, telecommunications and public transport.
Living in Santa Margalida is living the authentic Mediterranean life with a touch of luxury and exclusivity.
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