Port Andratx, located in Mallorca, is known for its rich heritage, beautiful landscapes, and exclusive properties. Formerly a small fishing village, it has evolved into a luxury residential paradise while retaining its Mediterranean charm. Framed by an impressive mountain range, Port Andratx offers incredible sea views that make every property impressively unique.
The Real Estate Market in Port Andratx
Currently, the exclusive property market in Port Andratx is stable, with high demand for luxury houses and apartments exceeding supply. This is due to the port's geographical location and the quality of life it offers.
Economy and Politics in Port Andratx
The political and economic situation in Port Andratx is stable. The economy is sustained by exclusive tourism, investment in real estate, and local businesses.
Costs and Commissions Associated with Purchasing Real Estate
When buying real estate in Port Andratx, in addition to the purchase price, it is important to take into account additional costs. These include transfer tax, real estate agent commissions, and notary fees. Attention should be paid to possible building inspection costs and potential legal expenses.
Taxes and Fees
The transfer tax on real estate in Port Andratx is approximately 10%. Wealth tax is not charged. However, when selling a privately owned house used as the main residence, taxes may be required if there are capital gains. If the property was used as a second or vacation home, the gains are subject to taxes. Companies in Port Andratx benefit from a reasonable corporate income tax. Residents of Port Andratx are subject to Spain's income tax rates.
Mortgage Requirements
To acquire a mortgage in Port Andratx, banks usually require a down payment of 30% of the purchase price and proof of sufficient income.
Residential Areas in Port Andratx
The most prestigious and expensive residential areas are located in the hills around the port, where panoramic sea views can be enjoyed.
Accessibility to Port Andratx
Port Andratx is within a reasonable distance of Palma de Mallorca, the nearest city, and can easily be reached by road. It is not accessible by rail, but the airports of Palma de Mallorca and Barcelona give Port Andratx international reach.
Education in Port Andratx
Port Andratx boasts a range of high-quality schools and universities, both national and international.
Life and Leisure in Port Andratx
In Port Andratx, natural beauty meets luxury living. It offers a wide selection of high-end shops, hotels, restaurants, and a vibrant nightlife. With its marina, it provides a multitude of services for water sports enthusiasts. The presence of high-quality clinics and hospitals within easy reach provides top-level healthcare. The availability of public services and infrastructure is excellent.
In summary, Port Andratx offers the perfect balance between a relaxed Mediterranean lifestyle and the luxury and comfort of modern living.
Dutch 
German 
Spanish 
French 
Arabic 
Chinese 
Russian