Pollença, on the sunny island of Mallorca, is a city rich in history dating back to Roman times, known for its beautiful old town and numerous historical sites. This exclusive location, nestled between the mountain and the sea, offers breathtaking scenery and a quiet, luxurious life. Ideally located in the northern part of Mallorca, Pollença provides access to both the Mediterranean Sea and the majestic Serra de Tramuntana.
Real Estate Market in Pollença
The luxury real estate market in Pollença is stable and strong, showing a constant demand for high-end properties. The supply satisfies the most demanding buyers with an impressive diversity of luxurious villas, classic country houses, and modern apartments.
Financial and Legal Aspects in Pollença
The average real estate commission for buyers and sellers in Pollença varies but usually ranges between 1% and 3% of the final sale price. When purchasing properties in Pollença, additional costs such as property transfer tax (10%), notary fees, and possible building inspection or legal costs should be considered. Please note that residents of Pollença must pay income tax and, in some cases, property wealth tax.
Mortgage Aspects for Living in Pollença
The mortgage conditions for buying a house in Pollença usually require a down payment of at least 30-40%. The maximum mortgage amount that can be obtained in relation to the purchase often does not exceed 60-70% of the house's value.
Living in Pollença
Pollença's most exclusive neighborhoods include Pollença Old Town itself, the nearby Port de Pollença, and the quiet Cala San Vicente. Pollença boasts an excellent road network and easy train access, with the city of Palma and its international airport less than an hour away. Esteemed schools and training institutions are within proximity to Pollença, making the city an ideal destination for families.
The Right to Live in Pollença
With a population of around 16,000 inhabitants, Pollença is located in the province of the Balearic Islands. Its natural environment includes beautiful beaches, stunning mountains, and a warm climate for much of the year.
Pollença offers an outdoorsy and sporty lifestyle with numerous golf courses, yacht clubs, and hiking trails. It stands out for its luxury stores and local market, boasting several high-quality restaurants, wineries, and annual cultural festivals such as the Pollença Festival. The city hosts several famous theatres and museums, and the public infrastructure and availability of services are excellent, including a variety of hospitals and clinics.
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