Located in the hills of the picturesque region of Mallorca, Es Llombards is a gem with a rich history and cultural heritage. This charming village is well known for its traditional architecture, historical estates, and fantastic geographical location. Overlooking the Mediterranean Sea, Es Llombards is surrounded by an impressive panorama of mountains and sea, promising an unparalleled luxury lifestyle. Close to notable localities such as Santanyí and Cala Llombards, this area offers inherent exclusivity that is evident in its luxury properties.
The state of the real estate market
The luxury property market in Es Llombards is currently strong and stable, with an evident correlation between the supply and demand for high-end properties. The political and economic situation in the locality provides a climate of security for investors, highlighting its continuous expansion and residential development.
Additional costs and commissions
When buying a luxury property in Es Llombards, buyers must assume real estate commissions, notary fees, and possible inspection or legal costs. The average real estate commission is generally 5%, although it can vary depending on the case.
Local taxes
The transfer tax on private property in Es Llombards is 8%. In addition, the wealth tax in Spain is between 0.2% and 2.5%, primarily affecting individuals with high-value properties. Regarding taxes on profits obtained from the sale of a home, these will depend on the use of the property, although residents generally do not pay taxes if the sold dwelling is their primary residence.
Financing and mortgage
In general terms, most banks in Spain allow financing of up to 80% of the property's appraisal value for residents and 60% for non-residents. The specific conditions of the loan will depend on the financial institution.
Living in Es Llombards: Beyond Luxury
Es Llombards is a treasure on the east coast of Mallorca, a short distance from Santanyí and 53 km from Palma, the main city of the island. Luxury properties are often found in famous residential areas such as the charming old town or hills overlooking the Mediterranean.
As for leisure facilities, it has various luxury shops, gourmet restaurants, and prominent annual events that bring together both the local community and international tourism. For outdoor lovers, Es Llombards is a paradise with multiple hiking, biking and water sports routes available.
The natural beauty of the area, sunny weather for most of the year, and excellent public and private infrastructure, make Es Llombards an ideal location for those seeking a comfortable and exclusive lifestyle.