Sorello Guides

What buying in Llucmajor actually costs

Llucmajor sits in the size class where Illes Balears property still trades on local knowledge more than on portals. The appraised average of 3.607,3 €/m² belongs to the small group of expensive Spanish municipalities. 37,94 % of the housing stock is not a main residence, a genuinely mixed town.

What the deed itself costs

In Llucmajor the Balearic Islands transfer tax on a resale runs into tens of thousands of euros, which is why the declared value is scrutinised. Balearic Islands charges transfer tax on a progressive scale rather than a single rate, starting at 8 % and rising through bands as the value goes up; the table below applies the scale bracket by bracket.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €16.000 €
350.000 €28.000 €
600.000 €50.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Balearic Islands

Put beside its neighbours

Within Illes Balears, that is the fifth lowest appraised value per square metre among the municipalities this guide covers.

Measured against the whole batch, that average cadastral value per home sits in the seventeenth twentieth from the bottom.

Judged only against Illes Balears, the average cadastral value per home here is the fifth highest in the guide.

Measured against the whole batch, that share of the urban register that is housing sits in the third-dearest twentieth.

Within Illes Balears, that is the third highest share of dwellings that are not a main residence among the municipalities this guide covers.

How it ranks

Across the country, the tax rate on construction work here belongs to the band just above the bottom quarter.

Take Illes Balears alone: among the municipalities here, its rural property-tax rate is the fifth lowest.

Put beside the rest of the country, its urban property-tax rate belongs to the lower middle of the range.

Take Illes Balears alone: among the municipalities here, its total dwelling stock is the fifth highest.

Against every municipality in this guide, its year of the last cadastral revision lands in the upper middle of the range.

Put beside its neighbours

Compared with the rest of Illes Balears in this guide, it sits third highest on number of appraisals behind the average.

Nationally, that number of urban cadastral units falls in the lower middle of the range.

Within Illes Balears, that is the sixth highest population among the municipalities this guide covers.

Measured against the whole batch, that number of notarised home sales sits in the band just below the middle.

An ageing cadastral register

Building work is taxed at 3,5 %, near the top of what town halls may charge.

Llucmajor has not revalued since 2008, which is long enough for the gap to market values to be substantial.

What the appraisers see

The appraised average in Llucmajor is 3.607,3 €/m², which is a coastal or capital-city price.

The figure comes from 152 appraisals in the quarter.

A stock split between residents and visitors

Almost the whole register is housing: 18.498 residential units out of 27.090 urban ones.

The census put the total stock at 23.312 dwellings.

37,94 % of the Llucmajor stock is not a main residence, so resident and visitor demand compete for the same buildings.

The annual cost of holding the property

Llucmajor charges 0,564 % on urban property, modestly below the common level.

At 87.288 € per dwelling, the Llucmajor cadastral base is high enough that the rate matters.

Rural property pays 0,564 %.

On 180.000 € of cadastral value the 0,564 % rate yields 1.015 €, on a register that has not been refreshed in a long time.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

The pace of sales

Llucmajor saw 651 notarised home sales over the year, a steady rate for its population.

Against 18.498 registered residential units, a healthy share of the stock changes hands each year.

Fourth quarter carried far more deeds than First quarter, so timing an offer against the calendar is worth something here.

Notarised home sales by quarter, 2025
QuarterSales
First quarter126
Second quarter148
Third quarter177
Fourth quarter200

Related guides

Sources and licences