Good news for those who are thinking about purchasing a second-hand home in the Valencian Community. As of June 1, 2026, a reduction in the Property Transfer Tax (ITP) comes into force, a measure that will save thousands of euros in the cost of buying homes. Today we will tell you from Quinta Avenida Inmobiliaria how this tax reduction works, how much money it can mean for buyers and what impact it will have on the Valencian real estate sector.
The reduction of the ITP favors the purchase of homes
The ITP is one of the main taxes that any buyer must assume when purchasing a second-hand home.
Until now, the general rate in the Valencian Community was 10%, but from June 1, 2026 it has been reduced to 9% for most operations. This reduction represents direct economic relief for those who wish to purchase flats or acquire any type of real estate property.
It is important to note that the change will be applied according to the date of signing the deed before a notary, regardless of when the home was reserved or a deposit contract was signed.
How this measure affects the real estate market
Reducing acquisition costs can become an important incentive to boost the market.
In a context where the prices of homes and mortgages continue to be determining factors for many families, any additional savings can facilitate access to property.
For an apartment purchase operation, this reduction allows more resources to be allocated to the entrance, to a renovation or simply to reduce the initial financial effort.
Furthermore, many experts consider that this measure can favor the activity of the real estate sector, especially in the second-hand segment.
How much you will save when buying apartments in Valencia
The difference can be significant depending on the value of the property.
Some practical examples show the real impact of the measure:
- A property costing €120,000 will see its Property Transfer Tax (ITP) reduced from €12,000 to €10,800.
- A transaction costing €180,000 will result in savings of €1,800.
- On a purchase costing €250,000, the savings will reach €2,500.
These amounts can make a significant difference for many apartment buyers in Valencia, especially in a market where access costs remain high.
Reduced ITP Rates in the Real Estate Market
Beyond the general reduction to 9%, Valencian regulations include reduced rates for certain groups.
Young people under 35, large families, single-parent families, people with disabilities, and victims of gender-based violence can benefit from even lower rates if they meet certain income and property value requirements.
These advantages reinforce the goal of facilitating access to primary residences and improving opportunities for certain types of buyers.
What homebuyers should consider
Although the tax reduction is a significant help, the Property Transfer Tax (ITP) is still only one of the expenses associated with a real estate transaction.
The following should also be considered:
- Notary fees
- Property Registry fees
- Appraisal fees
- Property Management fees
- Mortgage expenses depending on the specific case
Therefore, before buying a home, it is essential to calculate all the costs of the transaction and seek expert advice.
A real estate agency can help you plan your budget correctly and avoid surprises during the process.
The Importance of a Real Estate Agency in This New Scenario
Tax changes often generate doubts among buyers and sellers.
Therefore, the guidance of a professional real estate agent is especially valuable for understanding which taxes apply, what tax breaks may be available, and when is the best time to finalize a transaction.
Furthermore, knowing the deadlines and requirements correctly can allow you to take full advantage of the available tax benefits.
Conclusion on the Reduction of the Property Transfer Tax (ITP) in 2026
The reduction of the ITP from 10% to 9% in the Valencian Community is positive news for those who wish to acquire second-hand homes. Although it does not eliminate all the costs associated with the purchase, it does represent a significant saving that can facilitate access to homeownership and boost the real estate sector in the coming months.
If you’re thinking of selling, buying, or renting your apartment, or need professional advice on apartments in Valencia, villas, townhouses, or any type of real estate, don’t hesitate to contact Quinta Avenida Inmobiliaria or visit our website.
We invite you to discover more current news and opportunities in the sector by visiting the website of Quinta Avenida Inmobiliaria, where you will find the best professional support to manage your buying apartments, selling apartments and renting homes transactions with complete confidence.
