Property in Santanyí
Santanyí recorded 394 property sales in 2025, up from 323 in 2024. The 22% increase stood against a 0.46% decline across Mallorca, putting local sales growth 22.4 percentage points above the island-wide change. Sales moved back toward Santanyí’s 2022 high of 416. For buyers and sellers, the figures mark a substantially more active transaction market than a year earlier, with a local trajectory that differed sharply from Mallorca’s overall movement.
Santanyí comprises 11 localities, including Cala d'Or, Portopetro and Santanyí itself. In 2024, the existing-contract rent median was €7.39 per square metre for flats and €6.13 per square metre for houses. The median monthly existing-contract rent was €570 for flats, alongside a median dwelling size of 85 square metres. For houses, the corresponding monthly median was €800 and the median size was 209 square metres. The larger median house size accompanied a higher monthly rent despite a lower rent per square metre.
Property sales in Santanyí
Property sales rose from 323 in 2024 to 394 in 2025, an increase of 22%. Over the same years, Mallorca’s sales total edged down by 0.46%, leaving Santanyí’s growth 22.4 percentage points above the island-wide change. The local increase brought sales close to the 2022 series high of 416. For sellers, the higher number of completed transactions marks a clear change from the preceding year; for buyers, it marks a market in which more properties changed hands.
The longer sales series puts that rebound in perspective. Santanyí registered 303 sales in 2016, rose to 411 in 2019 and fell to 223 in 2020. Activity subsequently reached 416 in 2022 before easing to 323 in 2024. The recovery to 394 in 2025 reversed that recent decline while remaining below the earlier peak. Santanyí has therefore seen sizeable swings in completed transactions, with the latest movement firmly upward.
394 Sales · 2025
Sales count, not price *
Year-on-year change: +22%
Rents in Santanyí
In 2024, Santanyí’s flat existing-contract rent median was €7.39 per square metre, across 538 contracts. The median monthly existing-contract rent for a flat was €570, alongside a median dwelling size of 85 square metres. The flat existing-contract rent median placed Santanyí 20th among 43 municipalities; its €7.39 level stood around 3.5% above the middle level of Mallorca’s municipalities. That puts Santanyí close to the middle of the municipal ranking, even as its flat rent median sits slightly above the middle municipal level.
Houses had an existing-contract rent median of €6.13 per square metre in 2024, across 459 contracts. Their median monthly existing-contract rent was €800 and their median dwelling size was 209 square metres. Both property types recorded higher rent medians than at the start of the series: the flat existing-contract rent median moved from €5.27 per square metre in 2015 to €7.39 in 2024, with a dip from €6.00 in 2019 to €5.73 in 2020. Over the same endpoints, the house existing-contract rent median rose from €3.64 to €6.13 per square metre.
Existing rent, not asking rent *
| Property | Median | P25–P75 range | Rental contracts |
|---|---|---|---|
| Apartment2024 | 7.39 €/m² per month | 5.58–10.53 | 538 |
| House2024 | 6.13 €/m² per month | 3.57–9.33 | 459 |
Rental trends
Santanyí’s rent index began at 100.0 in 2015 and dipped to 99.1 in 2016. It then climbed to 106.6 in 2019 before retreating to 104.9 in 2020. Growth resumed thereafter: the index reached 109.1 in 2021 and finished at 122.1 in 2024, its highest value in the series. From the starting level, the cumulative index increase was 22.1%. The declines in 2016 and 2020 interrupt an otherwise upward path, with the stronger sustained rise following the latter turning point.
The most recent annual rent-index change was an increase of 3.5% in 2024, following a 4% increase in 2023. For landlords and tenants, the sequence places the latest change within a sustained upward run since the 2020 dip. Its annual pace eased from the preceding year, while the index itself rose from 104.9 in 2020 to 122.1 in 2024. The latest level thus extends the recovery beyond the earlier 2019 high of 106.6.
Year-on-year change · 2024: +3.5%
Index, not euro amount *
Estate agents in Santanyí
Santanyí has 60 property brokers and ranks fifth among 49 municipalities by broker count. That position places its brokerage presence near the top of the municipal ranking, alongside the municipality’s active property transaction market.
Additional costs when buying a home
As an example, an existing property with an illustrative purchase price of €500,000 generates calculated buying costs of €47,265, equivalent to 9.45% of that price. Transfer tax is €41,000 at an effective rate of 8.2%. Fees total €6,265: €595 for the notary, €270 for the property registry, €400 for administrative services and €5,000 for legal services at a rate of 1%. Adding the buying costs to the illustrative price gives a total outlay of €547,265 in the example. Transfer tax accounts for €41,000 of the €47,265 in buying costs, with the remaining €6,265 made up of the named fees. Separately, Santanyí’s annual urban IBI rate is 0.664% of the cadastral value, effective from 2023.
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
- €47,265.00
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 Santanyí
- 0.664%
- IBI per year, ballpark figure
- €1,195.20
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 €99.60 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 2023
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 Santanyí’s property market?
What do existing flat leases cost in Santanyí?
How have rents changed over time?
What buying costs does the example show?
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.
- No freely reusable official purchase price per square metre is available for this municipality.
- Example price: 500,000 €. 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 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 l'Ordenança fiscal reguladora de l'impost sobre bens immobles (OF.I.03) (BOIB núm. 169, 29/12/2022) – www.caib.es ·