9 Bedroom Villa 350 m² in Porreres, Mallorca - €21,360

The displayed price for the villa is €21,360 for 350 m², which gives a price per m² of €60.97.

Comparison with the market

Based on data from the real estate market in Mallorca, the average price per m² for luxury villas is around €3,000 to €5,000 depending on location and features. Thus, the price of this villa is well below the market median, which could indicate an interesting buying opportunity, although this requires a more in-depth analysis of the specific features of the villa.

Price trend

Villa prices in Mallorca have seen an increase of about 5% per year over the last three years, according to data from the National Institute of Statistics (INE). This trend could continue due to the growing demand for luxury properties in the region.

For a purchase price of €21,360, notary fees are estimated between 7% and 8% for older properties, which is approximately €1,495 to €1,708.

Loan Simulation

With a down payment of 10% (€2,136), the amount to finance would be €19,224. Considering an average interest rate of 3.4% over 20 years, the monthly payments would be approximately €1,116.

Annual Holding Cost

Annual charges (property tax, maintenance, insurance) are estimated at around €2,500 per year, which includes an estimated property tax of €1,200 based on industry averages.

The villa is classified as D, indicating moderate energy consumption. The annual energy cost is estimated at around €1,500.

Rental Bans

In accordance with the Climate & Resilience law, properties classified as F or G can no longer be rented starting in 2025. The villa, being classified as D, complies with current regulations.

Renovation Aids

Aids such as MaPrimeRénov' can be mobilized to improve the energy class. The amounts vary but can go up to €20,000 for significant work.

The villa is located near Porreres, which offers local shops, restaurants, and health services. Public transport is limited, but the villa is accessible by car, with easy access to main roads.

Demographics and Quality of Life

The region is characterized by a stable local population, with a median income of around €25,000 per year. The quality of life is generally high, with a low crime rate and good access to green spaces.

The region of Mallorca is subject to moderate flood risks, according to data from Géorisques. It is recommended to consult the risk maps before purchasing.

Regulations and Easements

The PLU (Local Urban Planning) of Porreres imposes certain restrictions on new constructions and renovations. It is essential to check for any easements that could affect the property.

Compared to other luxury villas in Mallorca, this villa is positioned below the market median. Similar villas with comparable features typically sell between €300,000 and €1,500,000.

Advantages and Disadvantages

The advantages of this villa include its private helipad, spacious gardens, and historical character. On the other hand, the lack of integrated concierge services could be a disadvantage for some buyers.

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