Property Purchase Tax in Valencia 2026 – What Buyers Need to Know

If you’re planning to buy a property in Valencia or Costa Blanca this year, there’s an important change you need to know. From 1 June 2026, the Property Transfer Tax (ITP) in the Comunidad Valenciana will be adjusted, potentially saving buyers thousands of euros. Understanding these changes is crucial whether you’re purchasing a second-hand home in Guardamar del Segura, Torrevieja, or Ciudad Quesada.

What Is the ITP and Who Pays It?

The ITP (Impuesto de Transmisiones Patrimoniales) is a tax that applies when buying a second-hand property in Spain. It is usually paid by the buyer and is calculated as a percentage of the property’s purchase price. In addition to ITP, buyers must also consider Stamp Duty (AJD), notary fees, and registration costs.

Previously, the standard ITP rate in Valencia was 10% on most resale properties, with higher rates for luxury homes.

Previous ITP Rates and How They Worked

Before 1 June 2026, the general ITP rate in Valencia was 10%. This applied to the vast majority of resale homes, with slightly different rates for certain buyers:

• Young buyers (<35) could benefit from a reduced rate of 7–8% depending on the property.

• Properties above €1 million already had a higher tax rate of 11%.

Many buyers did not realize the potential impact of these taxes on the overall cost of purchasing property in Costa Blanca.

New ITP Rates Effective 1 June 2026

The new tax changes make buying a property in Valencia slightly cheaper for most buyers. Here’s a clear breakdown:

• 9% ITP for properties up to €1 million – down from 10%.

• 11% ITP for properties above €1 million – unchanged.

• Stamp Duty (AJD) reduced to approximately 1.4%.

• Reduced rates for first-time and young buyers remain in effect.

Example: Buying a €300,000 apartment in Guardamar del Segura after 1 June 2026 will now cost €27,000 in ITP instead of €30,000 previously, saving €3,000.

Who Benefits Most from This Change?

The main beneficiaries are buyers purchasing resale homes under €1 million in Valencia and along the Costa Blanca coast. Areas with high demand, such as:

• Guardamar del Segura

• Torrevieja

• Ciudad Quesada

• Orihuela Costa

These buyers will see immediate savings, especially if they plan their purchase after 1 June 2026. Buyers of luxury homes above €1 million will not see a reduction, but lower AJD costs can still make a small difference.

How This Affects Buyers in Costa Blanca Towns

Timing is key. Any purchase before 1 June 2026 will still pay the 10% rate, so careful planning can save you money. For those searching for second-hand apartments or villas, working with a local real estate agent familiar with these tax changes can ensure you get the best deal.

Tips for Planning Your Property Purchase in 2026

1. Consult a local agent: An agent in Guardamar del Segura or Torrevieja can advise on ITP and AJD savings.

2. Check total costs: Factor in ITP, Stamp Duty, notary fees, and registration.

3. Consider property value thresholds: Properties under €1 million benefit most.

4. Plan around the June deadline: Timing your purchase may save thousands.

5. Use a property valuation: Get an accurate valuation to avoid overpaying taxes.

You can request a free property valuation from Zebra Homes to see exactly how much you could save under the new rates.

FAQ – Property Tax Changes Valencia 2026

Q1: When does the new ITP rate start?
A1: 1 June 2026 for all property transfers in the Comunidad Valenciana.

Q2: Who pays the property purchase tax in Spain?
A2: The buyer is responsible for paying ITP and Stamp Duty (AJD).

Q3: How much can I save buying in Valencia after 1 June 2026?
A3: Buyers of properties up to €1 million will save 1% of the purchase price. For example, a €400,000 home saves €4,000.

Q4: Are there reduced rates for young buyers?
A4: Yes, buyers under 35 years old can still qualify for reduced rates, depending on property value.

Conclusion

The 1 June 2026 ITP changes in Valencia make it a better time than ever to buy property along the Costa Blanca. With the 9% ITP rate for properties under €1 million and slightly lower Stamp Duty, buyers can save thousands.

If you’re considering a villa, apartment, or townhouse in Guardamar del Segura, Torrevieja, or Ciudad Quesada, act strategically and consult a local agent to maximise your savings.

Contact Zebra Homes today for expert guidance and a free property valuation to see how much you can save under the new rules.