The listing price is not what you pay. On top of it, budget roughly 10 to 13 percent for tax and the costs of buying. Here is where every euro of that goes, so nothing on completion day is a shock.
The biggest cost: transfer tax
For a resale home in the Comunitat Valenciana, the main tax is ITP (impuesto de transmisiones patrimoniales). Since 1 June 2026 the rate is 9 percent of the price up to one million euros, down from 10 percent, and 11 percent on anything above that. You, the buyer, pay it, within 30 business days of signing.
If instead you buy a brand-new home from a developer, you do not pay ITP. You pay IVA (VAT) at 10 percent, plus a smaller stamp duty called AJD at 1.4 percent. So: resale means ITP, new build means IVA plus AJD. You never pay both.
Lower ITP rates do exist, for main-home buyers in specific situations such as young buyers, larger families or a registered disability. They rarely apply to a second home or a non-resident purchase, so budget for the standard rate and treat any reduction as a bonus your lawyer confirms.
The fixed costs: notary, registry, gestoría
Three costs are regulated and much the same wherever you buy. The notary who formalises the sale and the property registry that records it both charge on an official national tariff, scaled to the price, so no agency can mark them up or undercut them. Expect a few hundred euros each on a typical home. A gestoría then files your taxes and lodges the deed for you, usually a few hundred euros more.
Your lawyer
An independent lawyer to check the purchase costs around 1 percent of the price. It is the only cost on this list you could technically skip, and the one we would never let you skip. Saving that 1 percent is the most expensive saving in the whole process.
If you are borrowing
A Spanish bank will typically lend a non-resident 60 to 70 percent of the price, sometimes less outside the EU, and it lends against the lower of the price or its own valuation. So plan for a deposit of at least a third of the price, on top of the 10 to 13 percent in costs. You pay for the bank’s valuation, usually a few hundred euros; since a 2019 law the bank covers the rest of the mortgage set-up, including the stamp duty on the loan itself. What a non-resident mortgage really involves.
Selling instead?
Two costs are the seller’s. The plusvalía municipal is a town tax on how much the land under the home has gained in value since you bought it; if there is no gain there is no tax, though you still have to declare it. And if you are not resident in Spain, the buyer holds back 3 percent of the price at the notary and pays it straight to the tax office against your account, which you reconcile afterwards. Ask us and we will work out your likely net figure before you list.
The whole picture
Put simply: the price, plus about 10 to 13 percent. Tax is the biggest slice; the rest is notary, registry, gestoría and your lawyer. For a specific property, we will give you the real number before you commit to anything, not after.