ITP Reduced to 9%: The Perfect Time to Buy Property on the Costa Blanca
#costablanca#denia#buyersguide#investment#investments#guide#property(ifavailable)#marinaalta(ifavailable)#sjwinmobiliaria(ifavailable)#2026#tip
Great News for Property Buyers in the Valencian Community – ITP Reduced to 9%!
If you've been dreaming about owning a property on the Costa Blanca, there has never been a better time to make your move.
As of 1st June 2026, the Valencian Government has officially reduced the Property Transfer Tax (ITP) on most resale properties from 10% to 9%, putting thousands of euros back into buyers' pockets.
For anyone considering purchasing a home in Dénia, Jávea, Moraira, Calpe, Benissa, or anywhere else in the Valencian Community, this is fantastic news.
What is ITP?
ITP (Impuesto sobre Transmisiones Patrimoniales) is the tax paid when purchasing a resale property in Spain.
Previously, buyers in the Valencian Community paid 10% of the purchase price in ITP. From 1st June 2026, that rate has been reduced to 9% for most resale property purchases.
How Much Could You Save?
The savings can be significant:
Property PriceOld ITP (10%)New ITP (9%)Saving€200,000€20,000€18,000€2,000€300,000€30,000€27,000€3,000€500,000€50,000€45,000€5,000€750,000€75,000€67,500€7,500The higher the purchase price, the bigger the saving.
Does This Apply to Every Property?
The new 9% rate applies to most resale properties valued under €1,000,000.
Properties with a declared value exceeding €1 million will continue to be taxed at 11%, so the biggest benefits are aimed at the mainstream residential market.
More Good News for Buyers
The reduction isn't just about saving money.
Lower purchase costs mean:
✅ More affordable home ownership
✅ Greater purchasing power
✅ Better investment returns
✅ More money available for renovations, furniture, or enjoying your new lifestyle in Spain
Many industry experts believe this change will further boost demand across the Costa Blanca as both Spanish and international buyers look to take advantage of the reduced costs.
Timing Matters
The important date is the completion date at the notary (the signing of the escritura), not when you reserve the property.
If your purchase completes on or after 1st June 2026, the new 9% rate applies.
Thinking of Buying Your Dream Home?
Whether you're looking for:
🏖️ A beachfront apartment
🌄 A countryside finca
🏡 A family villa
☀️ A holiday home in the sun
💼 An investment property
This tax reduction makes buying in the Valencian Community even more attractive than before.
Your Dream Home Just Became More Affordable
A 1% reduction may not sound huge at first glance, but when it could save you thousands of euros on your purchase, it can make a real difference.
If you've been waiting for the right moment to buy in Spain, this could be it.
Let's get buying that dream home!
If you'd like to know exactly how much this change could save you on your planned purchase, contact SJW Inmobiliaria Marina Alta and we'll be happy to calculate the costs and help you find the perfect property on the Costa Blanca.
Thu 4th Jun 2026