Nestled on the beautiful island of Mallorca, Pollença is a gem that sublimely combines history, culture, and luxury. This picturesque town is famous for its iconic historical areas, mainly Plaza Major and Calvario, which tell us stories about Pollença's ancient and prosperous past. With dozens of preserved historical monuments, the area is a living testament to its rich heritage. It has always been known for its privileged geographical location in the heart of the Mediterranean, surrounded by crystal clear waters and dreamlike natural landscapes.
Luxury Real Estate Market in Pollença
The market for exclusive properties in Pollença has proven to be strong and stable despite global challenges. The demand for luxury houses and apartments in Pollença is high compared to supply. Thanks to the political and economic stability of Pollença, investors find confidence in investing in properties here.
Costs Associated with Buying a Luxury Home in Pollença
When buying a luxury home in Pollença, in addition to the purchase price, additional costs such as the average real estate commission, notary fees, transfer tax, and possible construction inspection or legal costs should be considered. Both buyers and sellers can expect to pay an average commission of 3% to 5% to their real estate agent depending on the property value. Property transfer in Pollença involves a 10% tax.
Taxes and Mortgage Loans in Pollença
The wealth tax for private property ownership of a house in Pollença is 2%. Residents must also pay taxes on profits made when selling a private property, whether it is a main residence or a summer residence. Companies registered in Pollença are subject to a corporate tax of 25%.
In terms of mortgage loans, the debt-to-income ratio in Pollença generally cannot exceed 30-35% of your net income. Regarding mortgages, you can generally expect to receive up to 80% of the property value, depending on your individual financial situation and property value.
Living in Pollença: A Luxurious Lifestyle
Pollença has vast expensive and sought-after residential areas, which house the most prestigious luxury homes. With excellent accessibility by road and rail, and close to Palma de Mallorca airport, it is very easy to get here.
Education in Pollença ranges from kindergartens to university with high-reputation institutions. The city of Palma de Mallorca, the closest to Pollença offers endless academic opportunities.
The city of Pollença is in the province of the Balearic Islands and has about 16,000 inhabitants. Its stunning natural environment includes extensive sandy beaches, pine groves, and the iconic Sierra de Tramuntana.
Pollença enjoys a Mediterranean climate, with hot summers and mild winters. For sports and outdoor activity lovers, Pollença offers golf, hiking, cycling, and water sports. It boasts luxury boutiques, award-winning restaurants, five-star hotels, and a vibrant nightlife. Every year, Pollença has recognized events such as the Pollença Festival and Easter Week.
It has excellent health services, with several hospitals and clinics nearby, as well as solid public infrastructure and service availability.
Choose to live in Pollença and surround yourself with culture, luxury, and history.
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