Hidden Costs When Buying a Flat in Valencia

You’ve found the perfect flat in Valencia. The price looks good, the location is ideal, and you’re ready to make your move.

But before you commit, make sure you understand what the total cost of buying really is.

Because the sale price is just the beginning.

Here’s a breakdown of the most common hidden costs that catch buyers by surprise — especially those purchasing with the goal of renting out the property.

Property transfer tax (ITP)

This is one of the biggest extra costs — and it's non-negotiable.

If you’re buying a second-hand flat (which most are), you’ll need to pay a transfer tax of around 10% of the purchase price in the Valencian Community.

This cost is due shortly after signing and must be factored into your initial budget.

Notary and registry fees

Every property purchase must be legally formalized in front of a notary and registered with the land registry.

These fees vary depending on the price and complexity of the transaction, but they generally fall between €500 and €1,200 combined.

Lawyer or gestor fees

Hiring a lawyer or gestor (administrative consultant) is optional — but highly recommended, especially if you're a foreign buyer or unfamiliar with Spanish bureaucracy.

They’ll help with:

• Checking property debts

• Coordinating tax payments

• Reviewing contracts

• Handling translations (if needed)

Expect to pay anywhere from €1,000 to €2,000, depending on the services included.

Agency commission (if applicable)

If you’re buying through a real estate agency, ask whether the buyer or seller pays the commission. In Valencia, it’s often the seller — but not always. Make sure you confirm this upfront to avoid surprises.

Mortgage-related costs (if financing)

If you're taking out a mortgage, additional costs may apply:

• Property appraisal (tasación)

• Bank fees or setup costs

• Mortgage registration fees

Even if you’re pre-approved, check the fine print so you know exactly what your bank will charge.

Renovation and furnishing

Especially if you’re buying to rent, this is where most buyers underestimate the budget.

Ask yourself:

• Will you need to update the kitchen or bathroom?

• Does the flat have heating, lighting, or A/C installed?

• Will you offer it furnished, semi-furnished, or empty?

Even small renovations add up fast. Budget realistically to make sure your property is ready for the market.

Community fees and taxes

After you buy, you’ll be responsible for:

• Community fees (monthly or quarterly building maintenance payments)

• IBI (property tax), paid annually to the local council

• Garbage collection tax (usually paid with water bills)

These vary depending on the building and area but should be factored into your rental income projections.

Final thought

Buying property in Valencia is often more affordable than in other European cities — but the full cost goes beyond the asking price.

If you want to invest wisely and avoid budget surprises, we’re here to guide you through every step — from neighborhood selection to financial planning to rental setup.

Let’s make sure your investment starts strong and stays profitable.