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New Development Properties For Sale

Tax and property for sale costa del sol

What are the implications for various types of properties?
This reference value has resulted in a general increase in the former minimum tax values in practice.
For example, in Andalusia, we’ve observed value increases of over 30% on some properties after January 1, 2022.
Property types: standard vs. luxurious
However, the market for luxury residences for sale costa del sol and villas for sale costa del sol such as those on the Costa del Sol, is unaffected by the new tax value.
We’re talking about neighborhoods in Marbella like the property for sale Golden Mile, Puente Romano, and Sierra Blanca, as well as villages with luxury properties like Benahavis, Benalmadena, Fuengirola, and Mijas, where market values are currently relatively high.

Properties with a rustic or rural feel

In addition, this modification Because rustic/rural properties do not have this new tax value determined, they will not be affected.
You can see how the Spanish tax authorities treat properties that do not meet this minimum tax value in the last paragraph of this article.

Declarations of new construction

This amount applies to the AJD stamp duty tax (Actos Juridicos Documentados) on new build declarations of existing properties, such as a house extension, which has been reduced to 12% in Andalusia since October 2021.

New construction properties
When buying a new build property costa del sol from a developer, such as in off-plan projects, the construction is usually not yet inscribed in the cadastre and hence cannot have this cadastre reference value at the time of the acquisition.