Change in the ITP in the Valencian Community

Good news for buyers and investors: as of June 1, 2026, changes to the general rate of ITP (Property Transfer Tax) come into force, which will go from 10% to 9% for most home purchase and sale transactions.

This modification represents a significant tax relief in a context where access to housing continues to be a challenge for both families and new buyers.

What does this change imply?

Its application from 1 June 2026 means that any previous transactions will continue to be subject to the current rate of 10%.

New general rate of 9%: it will be applicable to the vast majority of real estate transactions except those mentioned below.

• Transactions of more than €1 million: the tax rate of 11% is maintained.

It should be remembered that there are reductions with a reduced tax rate of even 3-4% for:

• Social housing
• Young people (-35 years old) in their first home
• Large families: they will be able to benefit as long as certain income requirements are met, the threshold of which does not stand out for its breadth.

How does this affect the buyer?

This change in the ITP seeks to boost the real estate market, favouring access to the main residence for certain groups. However, those who operate in the luxury market will continue to be taxed at the higher rate, thus maintaining the fiscal balance.