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Luxury in Mallorca: Why a 13 Percent Tax Doesn't Stop Buyers — and What That Means for Us
What Buyers Pay in Mallorca’s Top Property Tax Brackets
Mallorca applies a 13% transfer tax to homes above two million euros and 12% between one and two million.
Published: April 23, 2026
Answer
How much property transfer tax do buyers pay in Mallorca for expensive homes?
In the Balearic Islands, the top property transfer tax rate is 13% for homes above two million euros. Properties between one and two million euros are taxed at 12%.
More questions on this topic
Related follow-up questions from the same article, collected in one place.
1FAQ
Does Mallorca’s 13% property tax stop wealthy buyers from purchasing luxury homes?
Wealthy buyers are still active in Mallorca despite the 13% tax.
Quick overview
2FAQ
Why do foreign buyers keep buying property in Mallorca?
Lifestyle and location often matter more than tax alone.
Quick overview
3FAQ
What does luxury property demand in Mallorca mean for local residents?
Luxury demand can make housing and daily life harder for locals.
Quick overview
4FAQ
Is Palma’s Passeig Mallorca still a major area for luxury real estate?
Passeig Mallorca is still a visible hub for high-end property.
Quick overview
5FAQ
Why are Son Vida and Andratx often mentioned in Mallorca property news?
They are two of Mallorca’s best-known luxury areas.
Quick overview
6FAQ
Are there tax breaks or exemptions for young property buyers in Mallorca?
Possible relief for young buyers is being discussed.
Quick overview
7FAQ
What measures could help cool Mallorca’s overheated housing market?
A mix of taxes, transparency and housing policy is needed.
Quick overview
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