Excellent News for Property Buyers – ITP tax only 7% in Andalusia.

In a move that is set to boost the Andalusian property market, the regional government has announced a major tax cut for property buyers. Effective immediately, the Transfer Tax (Impuesto de Transmisiones Patrimoniales or ITP), which applies to the purchase of resale properties, has been reduced to a flat rate of 7% across the board.

Previously, the ITP in Andalucía was applied on a sliding scale, ranging from 8% to 10% depending on the value of the property. This new fixed rate not only simplifies the system but also offers significant savings for buyers—particularly those purchasing higher-value homes.

This tax cut is part of a broader package of economic measures introduced by the Junta de Andalucía to stimulate economic recovery following the COVID-19 pandemic. With the property market showing signs of renewed activity, this measure is expected to further encourage both domestic and international buyers to invest in the region.

Industry professionals have welcomed the decision, calling it a “game-changer” for Andalucía’s real estate sector. Estate agents and property lawyers predict a noticeable uptick in sales in the coming months as buyers rush to take advantage of the reduced tax rate.

Whether you’re looking for a vacation home, a relocation opportunity, or an investment property, there has never been a better time to buy in Andalucía. With sun, lifestyle, and now lower taxes, the region remains one of Europe’s most attractive property destinations.

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