Reduction of the Property Transfer Tax in the Valencian Community: Great News for Home Buyers
The Generalitat Valenciana has announced its intention to reduce the general rate of the Property Transfer Tax (ITP) from 10% to 9%. This measure, which has not yet been finalised or officially approved, would represent significant tax relief for anyone purchasing a second-hand home in the Valencian Community.
At Alicante Maravillas, we welcome this decision, which will undoubtedly encourage more families to take the step towards a peaceful life in the interior of the province of Alicante, surrounded by nature, authenticity, and a wonderful climate.
What does this reduction mean?
For a property priced at €250,000, the savings with the new tax rate would be €2,500 – a significant amount that can make a real difference in a buyer’s budget.
Our agency is closely following these changes to provide you with the best possible advice. If you’re thinking about buying a house in inland Alicante, now is a great time to do it.
