Located in the heart of Mallorca, the charming city of Algaida is famous for its rich history, unique architecture, and deeply-rooted culture. Over the years, Algaida has successfully preserved its historical heritage, with fascinating monuments such as the Parish Church of Saint James Apostle and the Windmill of Algaida. The area prides itself on its geographical location, nestled between the green hills and the vast vineyards of the island. Scattered between the Serra de Tramuntana to the west and the Bay of Palma to the south, Algaida offers a unique geographical advantage.
Exclusive Property Market in Algaida
The exclusive property market in Algaida is currently solid and stable. Despite being a small town, the demand for luxury homes and apartments in Algaida is robust and balanced with the supply. The city's political and economic situation is stable, which makes Algaida an attractive place for investors and luxury homeowners.
Costs and Fees in Algaida
The average commission that a buyer pays when purchasing a house in Algaida is approximately 3-5%. Additionally, the current transfer tax on the purchase of a private property is 8%. Important to also consider additional costs such as notary fees, and possible costs for building inspection or legal costs.
Location and Accessibility
Luxury properties are predominantly located in residential areas around the center of Algaida, with easy access by both road and rail. The city of Palma de Mallorca, the closest to Algaida, is a 30-minute drive away. Palma de Mallorca International Airport is just 20 minutes by car.
Education and local services
Algaida features a number of prestigious schools and educational institutions nearby, making it an ideal place for families.
Life and Entertainment in Algaida
With approximately 5,500 inhabitants, Algaida is known for its stunning nature and landscape, with a Mediterranean climate that invites to enjoy outdoor activities. The town offers a variety of luxury shops, high-quality hotels, restaurants with recognitions like Michelin Star, and nightlife entertainment options. Historical and cultural events fill the annual calendar, with renowned museums, galleries and theaters nearby. Health services in Algaida are exceptional, with several hospitals and nearby clinics. The public infrastructure and availability of services in Algaida are of high quality, ensuring a comfortable and luxurious life.
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