Costs, Taxes and Fees When Buying in Mallorca

When buying a property in Mallorca, the purchase price is only part of the overall budget.

International buyers often want to understand early what additional costs may apply, which costs are usually paid by the buyer and which are usually paid by the seller.

Depending on the purchase, relevant costs may include transfer tax or VAT, notary fees, land registry fees, legal fees, mortgage costs, valuation fees and other professional advice.

The exact amounts depend on the property, the type of purchase and the buyer’s personal situation.

For many international buyers, it is also useful to know that estate agency fees in Mallorca are usually paid by the seller. This may be different from what buyers are used to in other countries.

Sellers also have their own costs and tax considerations, which can sometimes affect timing, negotiation or the structure of a purchase.

This page is general guidance and does not replace personal tax advice. Each purchase is different, and specific figures should always be confirmed with a lawyer or tax advisor.

A good buying decision is not only about the agreed purchase price.

It is also about understanding the full financial picture clearly.