What Will It Really Cost to Buy Property in Valencia?

Many foreign buyers plan their budget based on the listing price alone — and get surprised by the extra costs.

In Spain (and especially in Valencia), taxes and fees add 10% to 13% to your total investment.

This guide breaks down every cost so you can buy safely and with full transparency.


💶 Main Property Purchase Taxes in Valencia

1. ITP (Impuesto de Transmisiones Patrimoniales) – 10%

  • Applies to resale properties (not new builds)

  • Paid to the Valencian regional tax office

  • Must be paid within 30 days of signing the deed

📌 For a €300,000 resale flat in Valencia, ITP = €30,000


2. VAT (IVA) & AJD (Stamp Duty) – 10% + 1.5%

  • Applies to new build properties (direct from developer)

  • 10% VAT on the purchase price

  • 1.5% AJD (Actos Jurídicos Documentados) on the notarized deed

📌 New €300,000 apartment → €30,000 VAT + €4,500 AJD = €34,500 total


🖋️ Notary, Registry & Legal Fees

Fee Typical Cost
Notary fees €600–€1,200 depending on price & complexity
Land Registry €400–€1,000 depending on size of property
Gestor/Administrative €250–€500 (optional if using a lawyer)
Lawyer fees Fixed (€1,500–€3,000) or % based (0.5%–1.5%)

✅ At Borderless Lawyers, we offer fixed-fee legal packages for foreign buyers.


🏦 Banking & Currency Transfer Costs

Spanish Bank Setup

  • Some banks charge non-resident account fees

  • We help open buyer-friendly accounts with minimal overhead

Currency Exchange

  • Consider using currency brokers to save on transfer fees and exchange rates

  • Avoid using your domestic bank — the rates are worse

✅ We can recommend secure providers for large cross-border transfers.


🏘️ Annual Property Costs After You Buy

Once you own the property, expect these yearly taxes:

Tax Amount
IBI (Municipal Property Tax) 0.4%–1.1% of cadastral value
Basura (Rubbish Collection Fee) ~€100–€200/year
Community fees (if applicable) Varies — €40–€150/month typical
Non-resident income tax (Modelo 210) Applies even if not rented; based on % of cadastral value

🧾 Who Pays Which Costs in a Valencia Property Sale?

Cost Buyer or Seller?
ITP / VAT / AJD Buyer
Notary fees Shared, but buyer often pays
Land Registry Buyer
Plusvalía (local gain tax) Seller
Lawyer fees Each pays their own

✅ We ensure clear cost breakdowns in all contracts to avoid confusion.


🔍 Avoid Surprises With Full Legal Guidance

Our legal team in Valencia will:

  • Calculate your full tax & cost forecast

  • Help avoid overpaying through negotiation

  • Explain implications for residency, tax, and inheritance

You’ll know your true total investment from day one.


📞 Need Help Understanding Your Tax Scenario?

Whether you’re buying to live, rent, or invest — Borderless Lawyers ensures you stay compliant and cost-efficient.

error: Content is protected !!