Buying Property in Spain Could Become Cheaper From June 2026

There's good news for anyone considering buying property on the Costa Blanca. From 1st June 2026, property purchases in the Valencian Community — including Jávea, Moraira and the wider Alicante region — are set to become cheaper thanks to a reduction in property taxes.

For buyers already considering a move to Spain, this change could mean saving thousands of euros on purchase costs.

What tax is being reduced?

The reduction affects the ITP (Impuesto de Transmisiones Patrimoniales) — the Property Transfer Tax paid when purchasing a resale property in Spain.

Until now, buyers in the Valencian Community have generally paid 10% ITP on resale properties

From 1st June 2026, this general rate will be reduced to 9% for most resale property purchases up to €1 million.

How much could buyers save?

While 1% may not sound huge initially, on Spanish property prices it can represent a significant saving.

Example:

• Property price: €400,000
• Current ITP at 10%: €40,000
• New ITP at 9%: €36,000

Potential saving: €4,000

On higher-value homes, the savings become even more substantial.

Why this matters for Costa Blanca buyers

The Costa Blanca continues to attract:

• second home buyers
• retirees
• remote workers
• investors
• winter sun visitors

Many international buyers already see Spain as offering better value than other Mediterranean destinations, and these tax reductions could make buying even more attractive from summer 2026 onwards.

For anyone planning a move, retirement or lifestyle change, lower purchase costs can help free up budget for:

• renovations
• furniture
• transport
• longer stays
• or simply reducing overall moving costs

Does this apply to all properties?

Not exactly.

The reduced ITP rate mainly applies to resale (second-hand) properties.

New build properties are different and remain subject to:

• IVA (VAT) at 10%
• plus AJD stamp duty

There are also some different rates and additional reductions available for:

• Younger buyers
• Large families
• Protected housing purchases
• Certain qualifying groups

Could this increase buyer demand?

Quite possibly.

Lower transaction costs often encourage:

• More buyers entering the market
• Quicker decisions
• Increased confidence from international purchasers

This may especially benefit popular lifestyle areas such as Jávea and the wider Costa Blanca, where overseas buyers already make up a large part of the market.

Thinking about buying in Spain?

If you are considering purchasing a property in Spain, it is always important to understand the full buying costs involved — not just the property price itself.

At VíllaMía, we help buyers navigate the Costa Blanca property market with honest local advice, whether you are looking for:

• A holiday home
• Investment property
• Winter retreat
• or a permanent move to Spain

With changes coming from June 2026, this could be an interesting time for many buyers considering making the move.