Costs, Taxes and Fees When Buying Property in Mallorca

When planning a property purchase in Mallorca, the purchase price is only one part of the total budget.

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

Depending on the purchase, buyers may need to consider property transfer tax or VAT, notary costs, land registry costs, legal fees, mortgage-related costs, valuation or banking costs, and other professional advice costs.

The exact figures depend on the property, the purchase structure, and the buyer’s situation.

One useful point for many international buyers is that, in Mallorca, agency fees are generally paid by the seller. This can be different from what buyers know in other countries.

Sellers also have their own costs and tax considerations, which may sometimes influence timing, negotiation, or transaction structure.

This is a general overview, not personal tax advice. Every purchase is different, so your lawyer or tax advisor should confirm the figures that apply to your case.

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

It is about understanding the full financial picture clearly.

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