Region

Buying a home in Balearic Islands: transfer tax and prices

Taxes at the region's official rates · appraised values of the ministry · INE house price index.

In short

On a €300,000 resale home in Balearic Islands, transfer tax and land registry fees come to €24,201 (8% tax at the general rate). Homes were appraised at €3,981/m² on average in Q2 2026 (+13.1% over a year); the INE index rose 13.7%.

Calculate for Balearic Islands

If you buy

Taxes, land registry and loan in Balearic Islands

General rates of Balearic Islands. Change any field: the amounts are recalculated instantly.

Value taxed€300,000
Transfer tax (ITP)€24,000 (8%)
Land registry (registration + presentation)€201
Buyer total (taxes + land registry)€24,201
Notary's deed fee (the seller's by default)€388
Loan of 80% of the price€240,000
Monthly payment, 25 years at 3.134%€1,155

General rates only: no reduced rates, notary copies, gestoría or valuation. All the rates and sources.

If you sell

Income tax on the gain

National rates, the same in every region: your tax residence decides.

Capital gain€80,000
Rate on the gain19%
Income tax on the gain€15,200
Buyer's 3% withholding (advance)€12,000
Left to pay on the return€3,200

Non-resident: 19% on the gain (IRNR); the buyer withholds 3% of the price (form 211), the seller settles on form 210 and the 3% is credited.

Plusvalía municipal, exemptions and agency fees are not computed. Capital gains tax on a home sale.

The questions, answered

How much transfer tax on a €300,000 resale home in Balearic Islands?

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 Balearic Islands 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.

And on a new home in Balearic Islands?

Bought from the developer, the same €300,000 carries VAT at 10% (€30,000) instead of transfer tax, plus AJD of €4,500 and land registry fees of €201: €34,701 in all.

Are home prices rising in the Balearic Islands?

Yes: the INE house price index for Balearic Islands changed by +13.7% over a year in Q2 2026 (Spain: 12.2%), and the ministry's average appraised value in the Balearic Islands reached €3,981/m², +13.1% over a year.

How much tax when you sell a home in Balearic Islands?

The income tax on the gain is national: 19% for a non-resident (IRNR), the savings scale of 19% to 30% for a resident. On a gain of €80,000 that is €15,200 or €17,280.

Reading the numbers for Balearic Islands

Balearic Islands is 2nd of the 19 regions by appraised value: €3,981/m², about 69% above the Spanish average of €2,355/m².

Prices moved +13.1% on the ministry's appraisals and +13.7% on the INE index, which puts Balearic Islands 8th of 19 on the index, 1.5 points faster than Spain (+12.2%).

Payotte covers five cities here. They run from €2,991/m² in Mahón to €6,844/m² in Santa Eulària des Riu, a spread of €3,854/m²; the regional average falls between them, at €3,981/m².

Resale: In the Balearic Islands, transfer tax (ITP) on a resale home is 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, on the higher of the price and the Catastro reference value: €24,000 on €300,000, €24,201 with land registry fees.

New build: In the Balearic Islands, a new home bought from the developer pays VAT at 10% and stamp duty on the deed (AJD) of 1.5% up to €1,000,000, 2% above €1,000,000, one rate on the whole value: €34,701 with land registry fees on €300,000.

Young buyers: The Balearic Islands charge 2% transfer tax to buyers under 36 buying a first home, and give a 100% bonus to buyers under 30 who meet residence, income (€52,800, or €84,480 joint), value (€270,151.20) and mortgage (60% or more) tests; the general rate runs from 8% to 13%.

Large families: The Balearic Islands tax a large family's purchase at 2%, against a general rate of 8% to 13%.

Stressed market areas: No stressed housing market area declaration for the Balearic Islands was found in the BOE quarterly resolutions published up to 15 October 2026.

The figures

MeasureValueSource
Transfer tax (ITP) on €300,000€24,000Decreto Legislativo 1/2014, art. 10.a)
Land registry on €300,000€201Real Decreto 1427/1989
Notary's deed fee on €300,000 (seller by default)€388Real Decreto 1426/1989
Balearic Islands, appraised value, Q2 2026€3,981/m²Ministry (+13.1% a year)
Balearic Islands, INE house price index, change over a year+13.7%INE, Q2 2026

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.

Cities of Balearic Islands on Payotte

Sources