Property in Llucmajor
Llucmajor recorded 651 residential sales in 2025, up from 604 in 2024. The 7.8% increase came as Mallorca’s sales total declined 0.5%, putting local growth 8.2 percentage points ahead of the island-wide change. For buyers and sellers, the higher number of completed transactions marks a busier local market than in the preceding year. The total remains below Llucmajor’s 2022 peak of 750 sales.
Existing flat rents occupy a high position among the island’s municipalities. In 2024, Llucmajor’s flat existing-contract rent median was €10.09 per square metre, ranking third among 43 municipalities. It stood 41.2% above the €7.14 middle level of their flat existing-contract rent medians. For property purchases, the overall appraisal value stood at €3,908 per square metre in the second quarter of 2026. Llucmajor comprises 16 localities, including Cala Pi, S’Arenal and Sa Torre.
Property sales in Llucmajor
Llucmajor’s sales history has several pronounced turns. Residential sales rose from 497 in 2016 to 676 in 2017, then fell to 434 in 2020. Activity climbed to a series peak of 750 sales in 2022 before dropping to 498 in 2023. The subsequent rise brought transactions back to 651 in 2025, above the early series level and the recent low, while still below the peak.
The latest annual gain took sales from 604 in 2024 to 651 in 2025, an increase of 7.8%. Over those same years, Mallorca’s sales total edged down 0.5%. Llucmajor’s growth was therefore 8.2 percentage points ahead of the island-wide change, giving buyers and sellers a local market with more completed transactions than a year earlier.
651 Sales · 2025
Sales count, not price *
Year-on-year change: +7.8%
Rents in Llucmajor
In 2024, Llucmajor’s flat existing-contract rent median was €10.09 per square metre. The median monthly flat existing-contract rent was €744, alongside a median flat size of 84 square metres. Llucmajor’s €10.09 flat median ranked third among 43 island municipalities, standing 41.2% above the €7.14 middle level of their flat existing-contract rent medians. Tenants looking at flats thus face a rent level toward the upper end of the municipal ranking.
The flat existing-contract rent median rose from €6.33 per square metre in 2015 to €8.22 in 2019 and €10.09 in 2024. For houses, the existing-contract rent median moved from €3.96 in 2015 to €5.84 per square metre in 2024, with a dip from €5.06 in 2019 to €4.75 in 2020. In 2024, the median monthly house existing-contract rent was €735 for a median dwelling size of 196 square metres. The monthly flat median of €744 accompanied a much smaller median dwelling size of 84 square metres.
Existing rent, not asking rent *
| Property | Median | P25–P75 range | Rental contracts |
|---|---|---|---|
| Apartment2024 | 10.09 €/m² per month | 7.73–12.94 | 1,808 |
| House2024 | 5.84 €/m² per month | 3.52–9.38 | 1,010 |
Rental trends
Llucmajor’s rent index climbed from 100.0 in 2015 to 113.6 in 2019. It eased to 113.3 in 2020, when the annual index change was −0.3%, before rising to 115.0 in 2021. That brief reversal separates the earlier climb from the renewed increase that followed.
The rent index reached 119.7 in 2022 and 123.7 in 2023, then rose to 129.2 in 2024. The latest annual index increase was 4.5%, putting the index 29.2% above its 2015 level. For tenants and landlords, the recent upward movement follows a sustained rise after the 2020 dip.
Year-on-year change · 2024: +4.5%
Index, not euro amount *
Appraised values in Llucmajor
Llucmajor’s overall appraisal value stood at €3,908 per square metre in the second quarter of 2026. The used-home appraisal value was €3,900.30 per square metre in the same quarter, close to the overall figure. For buyers and sellers of existing homes, the used-home valuation therefore sat near the municipality’s overall valuation at that point in time.
Appraised value · 2026 Q2: 3,908 €/m²
Valuation, not purchase price *
Estate agents in Llucmajor
Llucmajor has 41 brokers, ranking ninth among 49 municipalities by broker count. For buyers and sellers, that count represents a relatively large local selection of intermediaries.
Additional costs when buying a home
As an example, an existing property priced at €390,800 represents 100 square metres at Llucmajor’s overall appraisal value for the second quarter of 2026. Transfer tax at 8% comes to €31,264. Example fees total €5,173: €595 for the notary, €270 for the registry, €400 for administrative handling and €3,908 for a lawyer at an assumed 1% rate. Tax and fees add €36,437, or 9.32% of the example price, bringing the total including the property to €427,237. Llucmajor’s urban IBI has carried an annual rate of 0.564% on the cadastral value since 2021.
Calculate closing costs
Explanation
The purchase price stated in the deed. If it is below the cadastral reference value, ATIB taxes the higher value.
Explanation
Existing property is subject to property transfer tax (ITP), while a new build is subject to value added tax (IVA) plus stamp duty (AJD). The two tax treatments are mutually exclusive.
- Total
- €36,437.00
Legal status: 1 January 2023
This calculation is provided for guidance only and is not a substitute for tax or legal advice in specific cases.
Mallorca IBI calculator
Explanation
The municipality sets the rate. IBI is a municipal tax: the same cadastral value costs considerably more in one town than in the next, because each one fixes its own rate in its tax bylaw (ordenanza fiscal).
Explanation
The valor catastral is the official value the Spanish land registry office (Catastro) sets for your property — land and building together. It is not the purchase price, not the market value and not the valor de referencia, and it normally sits well below all of them. You will find it on your last IBI bill and in the cadastral portal.
- Rate (tipo de gravamen) in Llucmajor
- 0.564%
- IBI per year, ballpark figure
- €1,015.20
Calculated from the cadastral value. The bill is calculated on the reduced taxable base (base liquidable); where a revaluation is running, it comes out lower. Reductions and exemptions are not included.
Applies to this one cadastral unit and a full tax year. Not included: apportionment in the year of purchase, co-ownership shares, reductions and exemptions. A garage and a storeroom often have a cadastral reference of their own — then you calculate them separately.
That works out at €84.60 a month
The statutory range for this class of property runs from 0.400% to 1.100%; municipalities may go above or below it in certain cases (Art. 72(3) and (5)).
Legal status: 1 January 2021
This calculation is provided for guidance only and is not a substitute for tax or legal advice in specific cases.
Frequently asked questions
How active is Llucmajor’s sales market?
What is the existing-contract rent level for a flat?
How do house and flat existing-contract rents compare?
What were Llucmajor’s appraisal values?
What costs accompany the example purchase?
Methodology and sources
- MIVAU: number of notarised sales, not a price.
- SERPAVI: Median rent actually paid under ongoing contracts according to tax data for 2024, not asking rent for new lettings.
- The middle level of the island’s municipalities is the median of municipal apartment-rent medians.
- INE IPVA: index (2015 = 100), not an amount in euros.
- MIVAU Tasación: appraised value for mortgage lending, not an achieved purchase price.
- Example price: 390,800 €. Example fees: notary 595 €, land registry 270 €, gestoría 400 €, lawyer 1 %, buyer’s agent fee 0 %.
- The annual urban-property IBI rate applies to the cadastral value.
- INE IPVA – www.ine.es
Data period ending: ; Retrieval date: .
Fuente: INE, www.ine.es
- MIVAU Tasación – apps.fomento.gob.es
Data period ending: ; Retrieval date: .
Origen de los datos: Ministerio de Vivienda y Agenda Urbana
- MIVAU Transacciones – apps.fomento.gob.es
Data period ending: ; Retrieval date: .
Origen de los datos: Ministerio de Vivienda y Agenda Urbana · Elaboración propia
- MIVAU SERPAVI – cdn.mivau.gob.es
Data period ending: ; Retrieval date: .
Origen de los datos: Ministerio de Vivienda y Agenda Urbana
- Aprovació definitiva de la modificació de varies ordenances fiscals (BOIB núm. 211, 19/12/2020) – www.caib.es ·