Located on the serene west coast of Mallorca, Valldemossa is a historical gem rich in cultural heritage and natural beauty. The charm of this mountain village comes from its history, having been home to famous personalities such as the composer Frédéric Chopin and the writer George Sand. Surrounded by the captivating Serra de Tramuntana and overlooking the turquoise waters of the Mediterranean, Valldemossa offers a peaceful retreat a few kilometers from bustling Palma. Here, luxury properties combine the best of rural and sophisticated Mediterranean life.
Status of the exclusive property market in Valldemossa
The exclusive property market in Valldemossa is currently stable. The demand for luxury houses and apartments remains strong, with the supply being sufficient to satisfy buyers seeking the calm of the Mediterranean in an exclusive environment. Regardless of fluctuations in the political and economic sphere, Valldemossa remains an attractive destination for investors and residents.
Costs and commissions in buying a luxury house in Valldemossa
In Valldemossa, the average real estate commission paid by both a buyer and a seller is around 5-7%. In addition, when buying a luxury property in Valldemossa, additional costs must be considered, such as the transfer tax (around 8-10% of the purchase price), notary fees, and possible building inspection and legal costs.
Tax responsibilities in Valldemossa
In relation to property taxes, the private property transfer tax is around 8-10%. The wealth tax must also be considered, which varies depending on the value of the property. However, in case of selling your main house or apartment, there are no taxes to be paid on the gains.
Mortgage requirements in Valldemossa
In Valldemossa, the general mortgage requirements to buy a house usually require the buyer to have significant equity and to be able to demonstrate stable income. A mortgage of up to approximately 70% of the purchase price can often be obtained.
Location and access to Valldemossa
Valldemossa is located in the province of the Balearic Islands, and its population is approximately 2,000 inhabitants. It can be easily reached by road from Palma, the nearest large city, which is only about 20 minutes away. As it does not have a railway station or airport, the closest national and international airport is in Palma.
Amenities and local services in Valldemossa
Valldemossa offers a life full of luxury and comfort. It boasts luxury shops, fine dining restaurants like the renowned 'Quitapenas', and quality hotels like the Valldemossa Hotel. On the cultural front, various historical and cultural events are held throughout the year, highlighted by the Chopin Festival in August. The town has a number of museums, such as the Royal Carthusian Monastery and the Robert Graves House. Also, the main educational institutions of Palma are a short drive away.
Surroundings and activities in Valldemossa
The surroundings of Valldemossa are filled with natural beauties, such as the Serra de Tramuntana and the Mediterranean Sea. The climate is mild, with warm summers and mild winters — perfect for taking part in outdoor activities at any time of the year. The village offers a wide range of sports and activities, including hiking, cycling, and water sports. The public infrastructure and the availability of services in Valldemossa are excellent, and there are several hospitals and clinics in the vicinity in Palma.