Property in Llucmajor
Llucmajor closed 2025 with 651 property sales, up from 604 in 2024. That 7.8% rise stands against a 0.5% fall across Mallorca, putting the municipality’s change 8.2 percentage points above the island-wide change. Llucmajor encompasses 16 localities, and its latest sales count marks a more active year for buyers and sellers than the preceding one. The series peak of 750 sales in 2022 remains a measure of how much higher local transaction activity has been.
On the rental side, the 2024 flat existing-contract rent median reached €10.09 per square metre per month. This placed Llucmajor third among 43 municipalities and 41.2% above the €7.14 middle level of Mallorca’s municipal flat existing-contract rent medians. The median monthly existing-contract rent for flats was €744, alongside a median dwelling size of 84 m². Established flat rents thus sit high in the municipal ranking, while sales have recovered from their more recent low.
Property sales in Llucmajor
The 2025 total of 651 property sales followed 604 in 2024, giving Llucmajor a 7.8% increase. Across Mallorca, sales fell 0.5% over the same period; Llucmajor’s change was 8.2 percentage points higher. For owners considering a sale and buyers following completed transactions, local activity increased during a year when the island-wide total edged down.
The longer sequence has pronounced turns. Llucmajor recorded 497 sales in 2016, fell to 434 in 2020 and reached a series peak of 750 in 2022. Sales then dropped to 498 in 2023 before recovering to 604 in 2024 and 651 in 2025. The recovery has lifted completed transactions well above that recent low, while the earlier peak remains the strongest year in the series.
651 Sales · 2025
Sales count, not price *
Year-on-year change: +7.8%
Appraised values in Llucmajor
Llucmajor’s overall appraisal value reached €3,908 per square metre in the second quarter of 2026. For used homes, the appraisal value was €3,900.30 per square metre in the same quarter. The used-home valuation sits just below the overall valuation, placing existing properties close to the municipality-wide level. Buyers and sellers considering an existing home therefore face a valuation per square metre closely aligned with the overall appraisal value.
Appraised value · 2026 Q2: 3,908 €/m²
Valuation, not purchase price *
Buy a house, apartment or finca in Llucmajor
Current listings from the marketplace.
Rents in Llucmajor
In 2024, the flat existing-contract rent median was €10.09 per square metre per month, across 1,808 flat rental contracts. The median monthly existing-contract rent for flats was €744, and the median flat size was 84 m². The lower-quartile flat existing-contract rent stood at €7.73 per square metre per month, with the upper-quartile figure at €12.94. Tenants and owners therefore encounter a substantial spread around the municipality’s established flat-rent level.
Houses had an existing-contract rent median of €5.84 per square metre per month across 1,010 contracts, a median monthly existing-contract rent of €735 and a median dwelling size of 196 m². Flat existing-contract rent medians rose from €6.33 per square metre per month in 2015 to €8.22 in 2019 and €10.09 in 2024. House medians climbed from €3.96 to €5.84 between 2015 and 2024. Llucmajor’s 2024 flat median of €10.09 ranked third among 43 municipalities, above the €7.14 middle level of the island’s municipal flat existing-contract rent medians.
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
The rental price index began at 100.0 in 2015 and reached 113.6 in 2019. It slipped to 113.3 in 2020, a turning point after the earlier rise, then resumed its ascent to 115.0 in 2021 and 123.7 in 2023. For tenants and landlords following annual changes, the 2020 dip marks a brief interruption in an otherwise rising sequence.
By 2024, the rental price index stood at 129.2, up 4.5% from the preceding year and 29.2% since 2015. That latest annual increase matches the 4.5% rise recorded in 2019, while the decline in 2020 was 0.3%. The index reached its highest level in 2024, following several years of renewed growth after the dip.
Year-on-year change · 2024: +4.5%
Index, not euro amount *
Estate agents in Llucmajor
Llucmajor has 41 brokers and ranks ninth among 49 municipalities by broker count, placing its brokerage presence toward the upper end of the municipal ranking. That position reflects the scale of the local group of intermediaries available to buyers and sellers.
Additional costs when buying a home
In an example calculation for an existing home, the €390,800 example purchase price follows a 100 m² dwelling at the second-quarter 2026 appraisal value of €3,908 per square metre. Transfer tax in the example is €31,264 at an 8% rate. Example fees are €595 for the notary, €270 for the registry, €400 for administrative processing and €3,908 for a lawyer at 1%. The example fees total €5,173, bringing taxes and fees to €36,437. Including the example purchase price, the amount comes to €427,237; the additional costs equal 9.32% of that price.
The annual urban IBI rate is 0.564% of the cadastral value and has applied since 2021. It adds an ongoing property-tax charge for an owner alongside the upfront costs illustrated by the €390,800 example purchase price.
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 were property sales in Llucmajor?
What is the existing-contract rent level for flats?
How have existing-contract rents and the rental price index moved?
What are the appraisal values and example acquisition costs?
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 ·