In short
On a €300,000 resale home in Mahón (Balearic Islands), transfer tax and land registry fees come to €24,201 (8% tax at the general rate). Homes in Mahón were appraised at €2,991/m² in Q2 2026, +19% over a year.
Calculate for Mahón
The questions, answered
How much transfer tax on a €300,000 resale home in Mahón?
At the general rate of Balearic Islands (8% up to €400,000, 9% up to €600,000, 10% up to €1,000,000, 12% up to €2,000,000, 13% above €2,000,000: the scale gives an average rate applied to the whole value), €300,000 bought in Mahón pays €24,000 of transfer tax (ITP) and €201 of land registry fees: €24,201 for the buyer, before notary copies and any reduced rate; the base is the higher of price and Catastro reference value.
What is a home worth per square metre in Mahón?
Approved valuers appraised open-market homes in Mahón at €2,991/m² in Q2 2026 (87 valuations), +19% over a year; the figure is €2,355/m² for Spain.
Are home prices rising in Mahón?
Yes: appraised values in Mahón changed by +19% over a year. For Balearic Islands as a whole the INE index moved +13.7% (Spain: 12.2%).
Reading the numbers for Mahón
By appraised value, Mahón is 24th of the 55 cities Payotte covers, from the dearest down. At €2,991/m² it sits 27% above the Spanish average of €2,355/m².
Of the five Balearic Islands cities covered, it is the cheapest, and 25% below the Balearic Islands average (€3,981/m²).
The appraised value is up €477/m² from €2,514 a year earlier (+19%), 6.5 points faster than the national rise (+12.5%) and 5.9 points faster than Balearic Islands as a whole (+13.1%). On a 90 m² home at the average, the year's move is worth about €42,948.
Taken at the average appraised value, €300,000 buys roughly 100 m² in Mahón, against 125 m² at the Spanish average. A 90 m² home at that value would be about €269,000; the buyer's taxes and registry fees on a resale come to €21,713 (8%). Arithmetic on an average, not a valuation.
The Mahón figure rests on only 87 valuations, a thin sample that a few large operations can move, or 2.8 valuations per 1,000 inhabitants. With 30,666 inhabitants it is the 53rd most populated of the 55 cities covered.
On that ladder the next city up is Cádiz at €3,021/m² (€30 more), and the next one down is Dénia at €2,985/m² (€6 less). The dearest covered city, Santa Eulària des Riu, is at €6,844/m², €3,854 above Mahón; the cheapest, Cartagena, at €1,486/m², €1,505 below. A year earlier it ranked 30th, so it has climbed six places.
| Size | Price at that value | Buyer taxes, resale | Buyer taxes, new build |
|---|---|---|---|
| 50 m² | €150,000 | €12,160 (8%) | €17,410 |
| 70 m² | €209,000 | €16,897 (8%) | €24,212 |
| 90 m² | €269,000 | €21,713 (8%) | €31,128 |
| 120 m² | €359,000 | €28,937 (8%) | €41,502 |
The figures
| Measure | Value | Source |
|---|---|---|
| Transfer tax (ITP) on €300,000 | €24,000 | Decreto Legislativo 1/2014, art. 10.a) |
| Land registry on €300,000 | €201 | Real Decreto 1427/1989 |
| Notary's deed fee on €300,000 (seller by default) | €388 | Real Decreto 1426/1989 |
| Appraised value, Q2 2026 | €2,991/m² | Ministry, 87 valuations |
| Appraised value, Q2 2025 | €2,514/m² | Ministry |
| Balearic Islands, appraised value, Q2 2026 | €3,981/m² | Ministry (+13.1% a year) |
| Balearic Islands, INE house price index, change over a year | +13.7% | INE, Q2 2026 |
| Population, 1 January 2025 | 30,666 | INE, Padrón |
Valuers' averages, not sale prices; changes computed by Payotte.
Buying from abroad
What differs for a foreign buyer: Buying as a foreigner · non-resident tax calculator · purchase costs in every region.
Closest in appraised value
Sources
- Taxes: Decreto Legislativo 1/2014, texto refundido tributos cedidos de las Illes Balears; calculator sources.
- Appraised values: Estadística de valor tasado de la vivienda (tables 1 and 4; Elaboración propia con datos del Ministerio; reuse under Real Decreto 1495/2011, arts. 7 and 8; published 2026-09-15).
- House price index: INE, Índice de Precios de Vivienda, Q2 2026 (Fuente: Sitio web del INE: www.ine.es; published 2026-09-07).
- Population: INE, Padrón.