Purchase Construction Costs Calculator Mallorca Spain
Calculate Your Purchase Costs
In Mallorca, ITP (Impuesto sobre Transmisiones Patrimoniales) is the regional transfer tax paid by buyers when purchasing a resale (second-hand) property. It is a progressive banded tax, meaning higher portions of the property’s value are taxed at higher percentages.
ITP Rates for the Balearic Islands
In Mallorca, the ITP is calculated on the higher of the declared purchase price or the official reference value (Valor de Referencia).
The current progressive tax bands are as follows:
- Up to €400,000: 8%
- €400,001 to €600,000: 9%
- €600,001 to €1,000,000: 10%
- €1,000,001 to €2,000,000: 12%
- €2,000,001 and above: 13%
Reduced Rates and Reliefs If you are buying the property as your primary residence (vivienda habitual) or meet eligibility requirements.
Important Rules
- New Builds vs. Resales: ITP is only for resale homes. If you are buying a brand new build directly from a developer, you pay IVA (VAT) at 10% plus AJD (Stamp Duty) instead of ITP.
- Payment Window: You must declare and pay your ITP to the regional tax agency (Agència Tributària de les Illes Balears (ATIB) within 30 working days of signing the notarial deed on the day of the sale.
Mallorca Purchase Cost Calculator
Construction Renovation Calculator
Add the constructed m² of the property or proposed m² for a new build.
Select from the project type your level of renovation or build.
New Build Standard €2000–2800/m²
Flat urban plots calculate rural plots at Premium
Cosmetic €400–800/m²
Paint, flooring, fixtures. No structural work.
Partial €800–1,500/m²
Kitchen, bathrooms, some structural. Obra mayor permit likely.
Standard €1,500–2,000/m²
Functional finish, local materials, standard fittings. Typical local
residential build.
Premium €2,500–3,500/m²
High-quality finishes, imported materials, custom joinery. The
standard for international buyers.
Luxury €4,000–6,000/m²
Bespoke architecture, premium imported materials, full smart
home.
Ultra Luxury €6,000–10,000/m²
Signature architecture, no budget constraints.
Cosmetic work may not require licence fees or architects costs.
If you are planning on replacing parts of kitchens and bathrooms.
Without any structural work.
It’s always better to calculate your costs based on a partial reform.
Mallorca Construction & Renovation Cost Calculator
The total cost calculator will add your purchase costs and any reforms or construction that you want to undertake together and give you a total.
If you already own the property set the purchase price at zero, if you’re purchasing a plot of land, you can change square metres to reflect the size of property that you’d like to build and calculate the total cost.
Total Cost to Buy + Renovate / Build
This combines the estimated purchase costs with the estimated construction or renovation budget from the calculators above.
- 2,400,000€
