If you’ve been waiting for the perfect moment to step onto the Spanish property ladder or put your home on the market, your patience has just paid off. The Valencian Government has officially slashed the Property Transfer Tax (ITP – Impuesto sobre Transmisiones Patrimoniales) by 1%.
While 1% might sound small on paper, in the world of real estate, it translates to thousands of Euros kept right in your pocket.
Whether you are looking to buy a sun-soaked villa on the Costa Blanca or sell your current property, here is an update on how this tax cut changes the game—and how Spanish Solutions can help you maximise your savings.
When Did This Change Take Effect?
The new general ITP rate came into force officially on June 1, 2026.
📌 Crucial Timeline Rule: Under Spanish law, the tax rate applied depends strictly on the date you sign the public deeds (Escritura pública) in front of the Notary. It does not matter when you signed a private reservation contract or a deposit (arras) agreement. Any resale property completion taking place on or after June 1, 2026, automatically secures the lower tax rate!
What is the Property Transfer Tax (ITP) Cut?
When buying a resale property in the Valencian Community (which covers Alicante, Valencia, and Castellón), buyers are required to pay ITP.
The general rate has officially dropped from its long-standing flat rate of 10% down to 9%*.
*Sales exceeding €1 million are still subject to an 11% tax rate
Look at the Savings: Examples for Buyers
To show you just how much money this keeps in your bank account, let’s look at a few typical property price brackets under the new 9% rule:
| Property Purchase Price | Old Tax (10%) | New Tax (9%) | Your Direct Saving |
| €150,000 (Apartment) | €15,000 | €13,500 | €1,500 |
| €250,000 (Townhouse) | €25,000 | €22,500 | €2,500 |
| €400,000 (Detached Villa) | €40,000 | €36,000 | €4,000 |
By completing your purchase under this new legislation, you instantly have thousands of extra Euros to put toward renovations, new furniture, or your moving costs!
Why This is Great News for Sellers, Too!
Sellers often ask us: “If the buyer pays this tax, why is it good news for me?” The answer is simple: Market Momentum. High purchase taxes act as a barrier for buyers. By reducing the tax burden, the Valencian Community has just made your property significantly more affordable to the open market without you having to drop your asking price. Expect to see an influx of motivated buyers looking to close deals quickly to take advantage of these savings. There has truly never been a better time to list your property.
Safe and Secure Conveyancing with Spanish Solutions
Navigating Spanish property law can be complex, and with new tax changes comes a fresh wave of paperwork. That is where we come in. At Spanish Solutions, our experienced legal team handles the entire conveyancing process to ensure your transaction is 100% secure, legally compliant, and stress-free.
Whether you are buying or selling, our conveyancing service manages every step of the journey.
Between the Valencian Government’s June 2026 tax cut and having an expert legal team by your side, you can move forward with total peace of mind and more money left in your bank account.
Ready to Make Your Move?
Don’t let this market window pass you by. Whether you are buying your dream holiday home or saying goodbye to an investment property, let our expert team handle the bureaucracy while you focus on your next chapter.
📩 Contact Spanish Solutions today for a clear, no-obligation conveyancing quote!
- Email: enquiries@spanishsolutions.net
- Phone: 0034 966 761 741
- Web: www.spanishsolutions.net
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