Orient - Valldemossa - Deià

Nestled in the serene province of the Balearic Islands, Bunyola is a characteristic twin of the bewitching beauty of ancient Spain. This old town, with its stone houses and cobbled streets, is surrounded by the majestic mountains of the Sierra de Tramuntana, declared a World Heritage Site by UNESCO. Bunyola proudly perches on the western slope of these mountains and is home to the beautiful Alfabia Gardens, a historic gem that represents the rich Moorish history of the island. Thanks to its strategic geographical location, Bunyola offers easy access to the island's capital, Palma, and the shimmering Mediterranean Sea.

Luxury Property Market in Bunyola

The real estate market in Bunyola is enjoying a strong and stable position. The demand for luxury properties continues to outstrip supply, despite the numerous and exquisite villas and manor houses that adorn the village and its surroundings. The political and economic atmosphere in Bunyola is stable, providing solid financial backing for those interested in investing or settling here.

Real Estate Purchase Costs in Bunyola

When buying a property in Bunyola, buyers can expect to pay an average real estate commission of around 5% to 7%. These commissions are typically paid by the seller. Buyers should also keep in mind additional costs such as transfer tax (8% to 10%), notary fees, and potential building inspection and legal costs. The wealth tax in Bunyola generally ranges from 0.2% to 2.5%, and residents registered in Bunyola are subject to income tax rates between 19% and 47%. Depending on how long you have owned the property and how it has been used, you may be subject to taxes on the gains made when selling a primary residence or second/holiday home.

Mortgage and Financing in Bunyola

Mortgage requirements for buying a property in Bunyola can vary, but generally, banks in Spain have a limit of 80% of the appraised value. This limit can be lower for luxury properties and for non-resident buyers; in such cases, banks may lend no more than 60% to 70% of the appraised value.

Living in Bunyola

Bunyola offers a quiet, exclusive lifestyle but is conveniently located close to Palma (just 15 km away) and 24 km from Palma de Mallorca International Airport, the third-largest in Spain. The village strikes a great balance between old and modern, from the charm of its narrow streets to the abundance of available luxury shops. Some of the high-quality and famous restaurants include Can Toni Moreno Restaurant and Sa Font. In the evening, you can enjoy a relaxing drink at the Central Bar. Bunyola is also a haven for nature lovers and outdoor sports enthusiasts. The Tramuntana mountains are famous for their countless opportunities for hiking and cycling, and fishing and boating on the Mediterranean are just a short drive away. Finally, Bunyola boasts an enviable number of quality educational institutions, such as Bunyola School. For those seeking specialized medical care, there are several hospitals and clinics in Palma, a short drive away. Bunyola's public infrastructure is excellent, with all basic necessities such as water, electricity, and telecommunications readily available. In summary, Bunyola is the perfect place for those seeking a luxurious, peaceful, and comfortable lifestyle, rooted in the rich history of one of Spain's most beautiful regions.