For sale
Sant Nicolau · Palma de Mallorca
Palma de Mallorca · neighbourhood guide
La Lonja
The old town between the cathedral and the harbour, also written Sa Llotja.
Palma de MallorcaAsk us for current asking pricesBuyer's agent, never the seller'sEnglish · Svenska · Deutsch · Español
The neighbourhood
What La Lonja is
La Lonja, written Sa Llotja in Catalan, is the quarter of Palma's old town between the cathedral and the harbour. It takes its name from the Gothic merchants' exchange that still stands in it, and the streets around it are narrow, stone and short.
We are not holding a property inside La Lonja itself today. Sant Nicolau, the quarter immediately behind it, is where our old town listing sits, and it is the same kind of building and the same kind of decision.
Who buys here
The buyer this neighbourhood suits
Buyers who want the old town itself: stone, narrow streets, and the harbour at the end of them. What is bought here is character rather than square metres, and a renovated floor in an old building rather than a new one.
The homes
What the buildings are
Town houses and apartments inside old buildings, most of them reworked behind an original front. Our listing next door is exactly that: a building from 1900, completely renovated, with visible wooden ceiling beams, three bedrooms with en-suite bathrooms, underfloor heating, a lift and a garage.
What it costs
Ask us for current asking prices in this area
We are not holding a property in La Lonja today, so we are not going to quote a range for it. A screening covers every agent on the island, and we will give you the real numbers in a conversation rather than an average on a page.
The closest we hold
What we hold nearby
We hold nothing inside La Lonja today. This one is in Sant Nicolau, the quarter immediately behind it.
Buying in Palma
Three things that apply wherever you buy
- The tax page
The transfer tax
A resale property in the Balearics carries transfer tax, ITP, in bands: 8 per cent up to 400.000 €, rising to 13 per cent above 2.000.000 €, with stamp duty of 1,5 to 2 per cent on top. A new build carries 10 per cent VAT instead of ITP.
- The purchase process
Securing the property
When the terms are agreed the home is secured through an Arras, a private contract between the two parties, usually written by the buyer's lawyer, with ten per cent of the price deposited into the notary account and deducted from the final payment.
- The new rules
The agent register
Law 3/2024 requires every estate agent in the Balearics to be entered in the official register, ROAIIB, and to carry that registration number in every contract. Ours is GOIBE605090/2024.
The next step
Book a private consultation
Thirty minutes, in Palma or by video, in English, Swedish, German or Spanish. We start from La Lonja and end with a written brief and a realistic picture of what your budget buys here.