Nestled in the province of the Balearic Islands, Andratx is a historical gem with a rich heritage dating back to Roman times. Traces of its past blossom in places such as the Church of Santa Maria de Andratx or the Cala en Basset Tower, located in a spectacular geographical setting combining mountains and the Mediterranean coast.
Contemporary Property Market in Andratx
The market for exclusive properties in Andratx remains strong with stable demand that matches the supply of luxury properties. Buyers and sellers can expect an average real estate commission of 5% to 7%. However, buying a house in Andratx also involves considering additional costs such as the Transfer Tax (ITP) which for luxury properties can be up to 10%.
Taxes in Andratx
The wealth tax in Andratx is variable and depends on the property value. With respect to gains from the sale of a property, it is necessary to consider taxes for both main residences and second homes. Additionally, the corporate tax is 25% and the income tax for registered residents is graded depending on income level.
Mortgages and Luxury Real Estate in Andratx
Most financial entities offer up to 70% of the appraised value of the property in a mortgage. The Monport neighbourhood and the Camp de Mar area stand out as the most exclusive residential areas in Andratx.
Connectivity and Facilities in Andratx
Andratx enjoys easy road access to Palma de Mallorca, the nearest large city, located about 30 km away. As for airports, the closest is Palma de Mallorca International Airport. Andratx has prestigious educational institutions such as the Ágora Portals Teaching Centre and the Santa Ponsa Institute.
Lifestyle in Andratx
Beautified by nature with mountains and beaches, Andratx offers a mild climate ideal for a wide range of outdoor activities such as hiking, cycling or golf at the Andratx Golf Club. In terms of gastronomy, Andratx stands out with high-end restaurants like Oliu or Trespais. Luxury lovers will find designer boutiques in the nearby Puerto de Andratx. Popular events include its traditional Easter Week and the April Fair. In terms of healthcare, Andratx residents can access several hospitals and clinics in the vicinity such as Juaneda Miramar Clinic and Son Espases Hospital. With well-maintained public infrastructure and easily available services, the quality of life in Andratx is unrivaled.
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