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Casa Air, Santa Gertrudis, Ibiza

Price on Application

Casa Air is an 11-bedroom house located in the peaceful village of Santa Gertrudis. The property looks out across the sea and over to Formentera, and sits within 8 acres of perfectly landscaped grounds, complete with olive trees, pomegranate trees and orange, lemon and lime groves.

The main house comprises a master bedroom suite with an indoor and outdoor shower, two VIP suites and a further seven double en-suite bedrooms and one single bedroom. The house has two kitchens, one for general use and one commercial ‘chef’ kitchen with walk-in cold store.

In addition to its 20m heated swimming pool, salt water plunge pool and tennis court, Casa Air offers a fully-equipped outdoor entertainment pavilion complete with a rear projection cinema area. For events and parties, there is a large seated table accommodating up to 65 people, with an external commercial catering kitchen, and a large bar with fully fitted fridges.

Casa Air is just a few minutes’ drive from the village of Santa Gertrudis, where there is a great selection of shops and restaurants. Ibiza Town and the airport are just 15 and 20 minutes away respectively.

ADDITIONAL FEATURES Staff accommodation – 2 single bedrooms and a kitchenette Spa, massage and yoga pavilion and separate gym Children’s playground with bespoke treehouse Outdoor hammock deck Vegetable garden Front and rear rill water feature Koi pond Parking for 15 cars Separate service entrance Laundry room Security room Wine storage All water is cleaned through extensive installed osmosis system Whole property and grounds are equipped with full Crestron and Lutron systems

BUYING IN THE BALEARICS

As you would expect, the islands come under the same broad scope of law as Spain when it comes to buying property on the islands.

However , the Balearic Government also has its own authority, including making policy decisions over issues such as tourist taxes and the licensing regime governing areas including holiday lets.

As you would expect, Spain has a well-established mechanism for buying property.

  • If you’re an EU citizen, buying is straightforward. If you are not, check whether certain restrictions apply to you (such as the time you can spend in Spain).
  • All property transactions in Spain are overseen by a Notary. He/she is there to validate the paperwork, check all necessary taxes are paid and register the property with the Spanish Land Registry. However, it is not the Notary’s role to give you legal advice or represent you.
  • Appoint a fully independent lawyer who speaks your language as well as Spanish, and who has no connection to the selling parties. The local town hall, the nearest British Embassy or online research can help you find one. Your lawyer will check that you are buying from the legal owner; whether there are existing mortgages on the property; if it complies with building regulations; and if there are developments that might affect you.
COSTS

In addition to the purchase price, buyers should allow a further 10-15% for additional fees and taxes. These may include:

  • Your proportion of the Notary’s fees, according to a tariff set by law. Allow for a sum of 0.5% – 1% of the price declared in the deeds.
  • The fees of your ‘abogado’ (your own lawyer). These will depend on the complexity of the purchase, but €1500 - €3000 is a guide figure. 
  • The Land Registry fee of around 1% of the sale value.

 

A local capital gains tax, reflecting the gain in value of the property when it is sold, is paid by the seller. However, if that seller is non-resident in Spain and fails to pay it, be aware that the burden can fall on you as the buyer.

ONGOING COSTS

Routine costs and charges of owning a property in the Balearic Islands include:

  • A property ownership tax (the ImpuestoSobreBienesInmuebles (IBI)). This local tax is charged at between 0.4% and 1.1% of the valorcatastral. The good news is that this is based on the administrative value of the property, which is frequently lower than the market value.
  • A wealth tax. For non-residents, there is a tax to pay on assets you own in the country. This starts above a threshold of €700,000 per person.
  • Personal Income tax. If you’re a non-resident and you don’t receive rental or any other income in Spain, you pay one-quarter of the 2% of the valorcatastral. If you are a landlord, allow a tax bill of about 25% of the gross income.

If and when you come to sell, Capital Gains Tax (Impuesto de Plusvalia) will apply. At the time of writing, this stood at 19%.

Please note: This article reflects Aylesford’s current understanding of property legislation in Spain and the Balearic Islands. It is offered for general guidance only; specialist legal and tax advice should always be taken for any property transaction.

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