With its vibrant and deeply rooted history, Llucmajor is a treasure of Balearic heritage. Notable archaeological findings attest to its prehistoric and medieval past, while the eminent parish of San Miguel and the convent of Sant Bonaventura echo the area's rich monastic history. Located on the southern coast of Mallorca, Llucmajor offers stunning panoramic views of the Mediterranean and easy access to some of the island's most beautiful beaches.
The Luxury Real Estate Market in Llucmajor
The market for exclusive properties in Llucmajor remains stable, with a balanced relationship between the supply and demand of luxury houses and apartments. Whether you dream of a traditional country house or living in the city center, you will surely find a property tailored to your desires and needs.
Political and Economic Situation in Llucmajor
The politics and economy of Llucmajor enjoy evident stability, which guarantees a favorable climate for investing in the real estate sector.
Costs and Real Estate Commissions in Llucmajor
In Llucmajor, the average commission that the buyer and seller face hovers around 5%. However, you must consider other expenses, such as the transfer tax, notary fees, and possible costs of building inspections or legal fees. The private property transfer tax in Llucmajor is 10%, and the wealth tax for property owners varies depending on the value of the property.
Property Gain Taxes in Llucmajor
In the case of profits obtained from selling a private property used as a main residence, these are exempt from taxation. However, if a second home or vacation property is sold, a capital gains tax will be applied. The percentage of the corporate earnings tax and income tax for registered residents of Llucmajor is 25% and 19%-47% respectively.
Obtaining a Mortgage in Llucmajor
The maximum mortgage amount that can be obtained on the purchase price in Llucmajor usually does not exceed 80%. Mortgage requirements include having a good credit history and demonstrating sufficient income to cover the mortgage payments.
The Most Exclusive Residential Areas of Llucmajor
The most expensive and sought-after residential areas of Llucmajor are Las Palmeras, Cala Pi and the Son Veri development. These areas offer luxury houses and apartments with stunning sea views, proximity to golf courses and yacht facilities.
Life and Accessibility in Llucmajor
Llucmajor is located about 25 km from the capital, Palma, easily accessible by both road and train. The closest national and international airports are Palma de Mallorca Airport and Menorca Airport. Moreover, important schools, universities, and training institutions are located near Llucmajor.
Attractions and Services in Llucmajor
Llucmajor is known for its stunning natural environment, pleasant climate, and variety of sports and outdoor activities, from diving to hiking. It boasts luxury stores, high-end hotels, award-winning restaurants, vibrant nightlife, and elegant casinos. Annual events include music festivals and art fairs. Its notable cultural institutions include the Llucmajor Museum and the Llucmajor Theater. Besides, it has several hospitals and clinics nearby and a solid public infrastructure.
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