Anyone planning to buy a property on the Costa Blanca or in the city of Valencia should keep a close eye on the calendar. As of June 1, 2026, significant changes to the Property Transfer Tax (ITP – Impuesto sobre Transmisiones Patrimoniales) will come into effect in the Valencian Community. For many buyers, this means savings of several thousand euros.

The Most Important Innovation: Reduction of the ITP Tax Rate

The regional government has decided on relief for the real estate market. While a flat rate of 10% previously applied to most existing properties, this will be reduced from June 2026.

AJD reduction: The tax on legal acts (Actos Jurídicos Documentados), primarily relevant for new builds, will also be slightly reduced from 1.5% to 1.4%.

Calculation Example: What is the Financial Impact?

Even a one-percentage-point reduction has a massive impact on your budget.
Let’s look at a property for €462,500:

Your savings: Simply by timing the notary appointment, you save €4,625 in this case.

Timing is Everything: The Date of the "Escritura" Counts

A common misconception is that the date of the preliminary contract (Arras) is decisive. Legally, however, the tax burden is determined exclusively by the date of the notarial signing of the purchase deed (Escritura de Compraventa). If you are currently in negotiations, it may be worth scheduling the notary appointment for June.

Conclusion for Property Buyers in the Valencia Region

With this reform, the Valencian Community becomes more competitive compared to other Spanish regions. Especially for investors and private buyers in the mid-price segment, the new law offers real financial breathing room.

Tip: Also check if you are eligible for special conditions. For buyers under 35 or large families, there are often significantly lower tax rates that remain in place alongside the general reduction.