Tarragona, a historic city located on the Mediterranean coast of Spain, is known for its rich history from the Roman era with monuments such as the Roman Amphitheatre and the Cathedral of Tarragona. Located in the province of Tarragona in the region of Catalonia, the city has a population of around 130,000 inhabitants. Its exceptionally beautiful location by the sea, with mountains around it, provides a wonderful topographic contrast and a charming Mediterranean climate.
Luxury Real Estate Market in Tarragona
The luxury real estate market in Tarragona is currently strong and stable, thanks to the high demand and attractiveness of the region. The offer of luxury houses and apartments is diverse, meeting the expectations of the most demanding buyers. Tarragona maintains a stable political and economic situation, which is beneficial for the real estate market.
Commissions and Additional Costs when Buying Properties
The average real estate commission for a buyer usually fluctuates around 3% and for the seller can be between 5% and 8% of the selling price. When buying a luxury house or an apartment in Tarragona, notary fees of approximately 0.5% to 1% are used, building inspection cost that varies depending on the property and legal expenses representing about 1%. The property transfer tax is 10% in Catalonia.
Taxes and Mortgage Requirements in Tarragona
The wealth tax in Tarragona varies according to individual circumstances, but can go up to 2.5%. Likewise, the capital gains tax when selling a property can get up to 23% for residents, depending on the profit made. On the other hand, companies in Tarragona are subject to a tax on profits of 25%. For mortgages in Tarragona, it is generally possible to borrow up to 80% of the purchase value.
Location and Accessibility of Tarragona
Tarragona is about 100 kilometers away from Barcelona, the nearest large city, and is well connected by road and rail. The most sought after residential areas are the old town "Part Alta", and the residential areas of Boscos and Cala Romana.
Life and Amenities in Tarragona
Tarragona offers a variety of sports and outdoor activities, such as hiking, swimming, diving and golf at the Costa Dorada Golf Club. There is a wide range of luxury shops, high-quality hotels like the Hotel Mas la Boella, and excellent restaurants like the AQ Restaurant. Tarragona also hosts well-known historical and cultural events such as the International Castells Competitions and the International Dixieland Festival. Regarding education, the famous Rovira i Virgili University is located there. For healthcare, the main hospitals in the area are the University Hospital Joan XXIII and the Santa Tecla Hospital.
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