Buying a Property in Costa Blanca? Lower Purchase Taxes from June 2026
If you are considering purchasing property in the Valencian Community, timing could make a meaningful difference to your overall costs. As always, it is important to review your specific situation in detail to determine which tax rates and potential benefits apply to you.
New ITP rates in the Comunidad Valenciana and how they affect property buyers in 2026
The vibrant Comunidad Valenciana continues to be one of the most sought-after areas in Spain for property buyers, thanks to its lifestyle, connectivity, and strong international appeal. And now, from 1 June 2026, buying a home here becomes even more attractive due to a reduction in transfer tax (ITP).
The regional government approved a decrease in the standard ITP rate, which directly reduces the upfront cost of purchasing a resale property. This measure is designed to stimulate the property market and make homeownership more accessible, particularly for individuals and families entering the market.
As of 1 June 2026, the general ITP rate in the Comunidad Valenciana is reduced (previously set at 10%), offering immediate savings for buyers. In addition, certain groups (such as young buyers, large families, or those purchasing a primary residence under specific conditions) may benefit from further reduced rates, depending on their circumstances.
What Are the New Tax Benefits in the Valencian Region?
- Transfer Tax (ITP): reduced from 10% to 9% on resale properties. (However, if the value of property exceeds €1,000,000, the applicable rate shall be 11%).
- Stamp Duty (AJD): reduced from 1.5% to 1.4%.
These changes apply to all purchases completed from 1 June 2026 onwards.
Why Does This Matter for Property Buyers?
On resale properties (where transfer tax applies), the new ITP rate represents a 1% saving on the purchase price.
On new builds (where, in addition to 10% VAT, Stamp Duty is payable), the reduced AJD rate results in a 0.1% saving.
How We Can Help You?
At My Lawyer in Spain, we represent international buyers looking for their dream home in Spain. Our services include:
- Obtaining your NIE number.
- Full due diligence checks on the property.
- Reviewing and drafting contracts to protect your interests.
- Arrange bank account opening.
- Representing you at the Notary, so you don’t have to worry about paperwork.
