Value and market
Calculate a property value in Mallorca
What is a house, an apartment or a plot in Mallorca worth? This calculator compares your property with Spain’s official average figures and, if you wish, fetches floor area and year of construction straight from the Spanish land registry. No estimating formula, no invented mark-ups — only official figures and what you tell us.
Valuation
Your property in official figures
The calculator works with the official average figures of the Spanish housing ministry and the price index of the statistics office. Using the address or the cadastral reference, it fetches floor area and year of construction straight from the Spanish register.
Is there a standard land value in Mallorca?
In Germany, municipal valuation committees determine standard land values and publish them through the BORIS information system. Spain has no direct equivalent. Instead there are three official reference figures that serve different purposes and differ considerably in their level.
The cadastral value (valor catastral)
It is the basis for the annual IBI property tax and for the non-resident tax. As a rule it lies well below the market price and is not a yardstick for a purchase. What it means for ongoing taxes is set out in the overview of taxes and purchase costs.
The reference value (valor de referencia)
Since 1 January 2022 this value has been the minimum tax base for Spanish transfer tax and for inheritance and gift tax. The Dirección General del Catastro derives it each year from the prices notarised within a valuation zone — the idea that comes closest to the German standard land value. Unlike in Germany, however, it is not freely available: the land registry releases it for a given property only against electronic identification. There is no interface through which a website could query it.
The official price statistics
What is publicly available are the average figures the Spanish housing ministry publishes each quarter: the average of all market valuations per square metre of floor area, and the average price per square metre of building land from notarised land sales. This calculator works with those figures — and fetches the property data live from the Spanish land registry.
The figures behind the result
All figures come from official publications and are set out here in full, so that you can check any result yourself.
| Area | All residential property | New builds up to 5 years | Existing homes over 5 years |
|---|---|---|---|
| Palma | 3.814,50 € | 4.410,90 € | 3.791,60 € |
| Calvià | 5.502,20 € | 6.605,60 € | 5.452,80 € |
| Llucmajor | 3.908,00 € | not published | 3.900,30 € |
| Marratxí | 3.782,30 € | not published | 3.767,80 € |
| Manacor | 3.030,60 € | not published | 3.026,00 € |
| Inca | 2.649,60 € | not published | 2.648,80 € |
| Balearic Islands overall | 3.980,80 € | 4.551,10 € | 3.956,10 € |
The series covers municipalities with 25,000 inhabitants or more. For Andratx, Pollensa, Santanyí, Sóller and the other places on this website there is therefore no separate municipal figure — there the calculator uses the Balearic figure and says so in the result.
| Size of municipality | Average of four quarters | 2. Quartal 2026 |
|---|---|---|
| Municipalities over 50,000 inhabitants | 555,07 € | 661,52 € |
| Municipalities with 10,000 to 50,000 inhabitants | 453,43 € | 573,62 € |
| Municipalities with 5,000 to 10,000 inhabitants | 365,59 € | 499,33 € |
| Municipalities with 1,000 to 5,000 inhabitants | 434,93 € | 561,10 € |
| Balearic Islands overall | 444,81 € | 567,64 € |
Building land prices are derived from the notarised land sales of a quarter. In the Balearics that is a few hundred transactions a year; a single large deal shifts the quarterly figure noticeably. That is why the average of the last four quarters always appears alongside the latest quarter.
What this calculator cannot do
An average is not a valuation report. The official series lumps together all residential property in a municipality — the apartment in the centre of Calvià as much as the estate in Portals Nous. Above one million euros in particular, the average says little about an individual property.
The figures do not take account of: the position within the town, sea view and aspect, the shape of the plot and slope, condition and fittings, grandfathered rights for older buildings, approved and unapproved structures, or a valid holiday rental licence. Each of these moves the price in Mallorca by amounts that outweigh the statistical average. On top come the purchase costs — they are broken down in the overview of taxes and purchase costs, and you can estimate the financing with the mortgage calculator.
Frequently asked questions
Where do I find my cadastral reference?
The referencia catastral of a single unit has 20 characters, that of a whole plot has 14. It appears on every IBI notice, in the nota simple from the land register and in the deed of sale. You can also look it up by address: in the calculator above, choose the place and start typing the street — the matching streets from the land registry’s directory then appear for you to choose from.
Why is the asking price so far above the official average?
Because the average covers every residential property in a municipality. In Calvià the range runs from a holiday flat to an estate on the front line; both feed into the same figure. For upper-segment properties a figure above the average is the norm, not a sign of an inflated price. The comparison becomes reliable only against properties of the same location and quality that have actually sold.
What role does the reference value play in a purchase?
If the notarised price is below the official reference value, the tax office still bases transfer tax on the reference value. Anyone who considers it too high can challenge it — which requires a valuation report. So check the reference value before the deed is signed, not afterwards.
How current are the figures?
The average figures are from 2. Quartal 2026 and are updated each quarter. The price index of the statistics office is retrieved continuously, the property data from the land registry with every enquiry. The date is shown with each result.
Does the result replace a valuation report?
No. For financing, Spanish banks require a tasación by an approved company. For a sale, the assessment of an agent with local market knowledge is what counts. This calculator places a property in context; it does not value it.
Sources
- Ministerio de Vivienda y Agenda Urbana — Valor tasado de la vivienda (opens in a new window) Official average of market valuations per square metre of floor area, tables 35.1 and 35.4, as at 2. Quartal 2026.
- Ministerio de Vivienda y Agenda Urbana — Precios de suelo urbano (opens in a new window) Official average price per square metre of building land from notarised land sales, table 36.4, as at 2. Quartal 2026.
- Instituto Nacional de Estadística — Índice de Precios de Vivienda (opens in a new window) Official house price index for the Balearic Islands, quarterly, retrieved via the interface of the statistics office.
- Dirección General del Catastro — Sede Electrónica (opens in a new window) Official property data (area, year of construction, use) retrieved live via the open interface of the Spanish land registry.
Reviewed and last updated on
Free & without obligation
Discuss value and market with an agent on the island
Tell us in a few steps what you are looking for. We match your criteria against our network of vetted agents and get back to you personally.