Calvià / Portals Nous - Portals Nous - Bendinat / Sol De Mallorca

Portals, a hidden gem with a rich past, is anchored between history and the modernity of the real estate market. A silhouette of ancient structures punctuates this city, reminiscent of the old European world, while its strategic location offers unrivaled views of the extensive coastline. This seaside city, framed by turquoise sea waters and rugged mountains, is located in the sunny province of Mallorca, Spain. Portals is a harmonious blend of past and future, attracting luxury property buyers from all around the world.

Real Estate Market Status in Portals

The luxury real estate market in Portals remains solid and stable despite global fluctuations. The demand for luxury homes and apartments outstrips supply, making Portals an attractive market for investors.

Expenses and Commissions of Properties in Portals

The average real estate commission for buyers and sellers in Portals is around 5%. Additional costs to consider when buying luxury home here include the 10% transfer tax, real estate agent commissions, notary fees, as well as possible building inspection and legal costs. The private property wealth tax should be considered, which can vary depending on the property's value.

Mortgage Requirements and Tax Rates in Portals

Buyers are required to have a favorable own capital and foreign ratio and meet the income requirements to obtain a mortgage. The maximum mortgage amount depends on the property appraisal. The corporate tax and income tax for residents registered in Portals are 25% and from 19% to 47% respectively.

Luxury Living in Portals

Portals offers an incomparable lifestyle, with exclusive residential areas, and is notable for having excellent road and rail accessibility. Buyers usually prefer high-end residential areas like Puerto Portals and Costa D'en Blanes. The nearest city is Palma de Mallorca, just 10 km away. The nearest airport is Palma International Airport, 20 km away. There are plenty of excellent educational institutions nearby, such as the British school Agora and King Richard III College.

Attractions of Portals

Portals has about 3,000 people and is known for its beautiful natural surroundings of beaches, mountain runners and stunning landscapes. You can enjoy a Mediterranean climate all year round, and a variety of outdoor activities such as sailing, hiking and golf. The town offers a variety of luxury shops, top-class restaurants like the famous Restaurant Tristan, luxury hotels like the Portals Hills Boutique Hotel, and a vibrant nightlife. Among the notable annual events is the famous Superyacht Show. The culture in Portals is vibrant, with prominent museums and galleries such as the Es Baluard Modern and Contemporary Art Museum. For healthcare, residents rely on Son Espases Hospital in Palma. The public infrastructure and services in Portals are of high quality, complementing the excellent lifestyle here. Whether you're looking for the elegance of an old manor house or the sophistication of modern architecture, Portals is a perfect place to search for your next luxury home.