Sorello Guides

What buying in Santa Eulària des Riu actually costs

At 6.624,0 €/m² this is one of the dearest municipalities in the country to buy into. Santa Eulària des Riu sits in the size class where Illes Balears property still trades on local knowledge more than on portals. Roughly a third of dwellings, 33 %, are not a main residence.

What the deed itself costs

At the prices Santa Eulària des Riu commands, the Balearic Islands transfer tax alone exceeds the whole purchase price of a flat in much of Spain. 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

A sense of scale

Take Illes Balears alone: among the municipalities here, its appraised value per square metre is the highest.

Against every municipality in this guide, its average cadastral value per home lands in the second-dearest twentieth.

Line the Illes Balears municipalities in this guide up by average cadastral value per home and this one is the second highest.

Against every municipality in this guide, its urban property-tax rate lands in the cheapest twentieth of them.

Judged only against Illes Balears, the rural property-tax rate here is the third lowest in the guide.

The comparison that matters

Over the whole guide, the share of dwellings that are not a main residence recorded here falls within the seventeenth twentieth from the bottom.

Line the Illes Balears municipalities in this guide up by year of the last cadastral revision and this one is the fourth highest.

Nationally, that number of appraisals behind the average falls in the lower middle of the range.

On total dwelling stock it is the sixth highest of the Illes Balears municipalities this guide covers.

Against every municipality in this guide, its population lands in the exact middle of the range.

A sense of scale

Line the Illes Balears municipalities in this guide up by share of the urban register that is housing and this one is the sixth lowest.

Across the country, the tax rate on construction work here belongs to the band just below the middle.

Among the Illes Balears towns and cities covered here, it records the sixth lowest count of registered residential units.

On a national view, its number of urban cadastral units falls into the lower middle of the range.

The shape of the housing stock

In Santa Eulària des Riu, 33 % of dwellings are not a main home, enough for holiday demand to matter without dominating.

No rented share is available for Santa Eulària des Riu: the census stops short of municipalities this size.

The census put the total stock at 22.810 dwellings.

A market at the top of the national range

At 6.624,0 €/m², Santa Eulària des Riu is among the most expensive places in Spain by appraised value.

It rests on 125 appraisals, a thin base that a few unusual properties can move.

The yearly bill, and why it is small here

The register values the average Santa Eulària des Riu home at 119.743 €, which is where the yearly bill comes from.

Santa Eulària des Riu levies 0,4 % on urban property, one of the lowest IBI rates you will meet.

The rural rate is 0,45 %, lower than the urban one.

A cadastral value of 180.000 € taxed at 0,4 % gives 720 €, though the register is old enough that real values have moved.

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

The notarial series does not carry a figure for Santa Eulària des Riu in this release, so no sales count is shown rather than an invented one.

How old the cadastral values are

Building work is taxed at 3,8 %, near the top of what town halls may charge.

The last general revision in Santa Eulària des Riu was 2011, so cadastral values sit some way below market values.

Related guides

Sources and licences