In short
On a €300,000 resale home in Palma (Balearic Islands), transfer tax and land registry fees come to €24,201 (8% tax at the general rate). Homes in Palma were appraised at €3,815/m² in Q2 2026, +14.3% over a year.
Calculate for Palma
The questions, answered
How much transfer tax on a €300,000 resale home in Palma?
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 Palma 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 Palma?
Approved valuers appraised open-market homes in Palma at €3,815/m² in Q2 2026 (1,274 valuations), +14.3% over a year; the figure is €2,355/m² for Spain.
Are home prices rising in Palma?
Yes: appraised values in Palma changed by +14.3% over a year. For Balearic Islands as a whole the INE index moved +13.7% (Spain: 12.2%).
Reading the numbers for Palma
By appraised value, Palma is 10th of the 55 cities Payotte covers, from the dearest down. At €3,815/m² it sits about 62% above the Spanish average of €2,355/m².
Within Balearic Islands it ranks 4th of 5 covered cities, 4% below the regional average of €3,981/m².
The appraised value is up €477/m² from €3,337 a year earlier (+14.3%), 1.8 points faster than the national rise (+12.5%) and 1.2 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 €42,966.
Taken at the average appraised value, €300,000 buys roughly 75 m² in Palma, against 125 m² at the Spanish average. A 90 m² home at that value would be about €343,000; the buyer's taxes and registry fees on a resale come to €27,653 (8%). Arithmetic on an average, not a valuation.
The Palma figure rests on 1,274 valuations, or 2.9 valuations per 1,000 inhabitants. With 434,786 inhabitants it is the 8th most populated of the 55 cities covered.
On that ladder the next city up is Castelldefels at €4,337/m² (€522 more), and the next one down is Benalmádena at €3,783/m² (€32 less). The dearest covered city, Santa Eulària des Riu, is at €6,844/m², €3,030 above Palma; the cheapest, Cartagena, at €1,486/m², €2,329 below. A year earlier it ranked 12th, so it has climbed two places.
| Size | Price at that value | Buyer taxes, resale | Buyer taxes, new build |
|---|---|---|---|
| 50 m² | €191,000 | €15,452 (8%) | €22,137 |
| 70 m² | €267,000 | €21,552 (8%) | €30,897 |
| 90 m² | €343,000 | €27,653 (8%) | €39,658 |
| 120 m² | €458,000 | €37,479 (8.1%) | €52,914 |
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 | €3,815/m² | Ministry, 1,274 valuations |
| Appraised value, Q2 2025 | €3,337/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 | 434,786 | 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.