Property prices on Spain’s Mediterranean coastline vary widely by location. Taxes on the purchase too! So where to buy in Spain to have the best value for money? Discover it in our four-part study: the fourth is a synthesis of the previous 3 (Catalan and Balearic Coast / Valencia Community and coast of Murcia / Andalusia Coast) and incorporates elements of taxation.

Buy in Spain; it was the case for 100,000 foreigners in 2017! So why not you? The vast majority of buyers invest on the Spanish Mediterranean coast.  But the purchase prices of apartments or villas are very different in all the various costal areas, ranging from one times to five times the average and the taxes levied in each Spanish autonomous community can vary from one to two times the average.

We propose, through 4 studies, an analysis of these prices and charges from north to south, from the Franco-Spanish border to the Spanish-Portuguese border, via the Balearic Islands. We also give you price elements for the main seaside resorts of each littoral zone studied.

The first study focused on the Catalan Coast (Costa Brava, Costa del Maresme, Costa Dorada) and the Balearic Islands.

The second study focused on the coast of the Valencia Community (Costa del Azahar, Costa de Valencia, Costa Blanca) and that of the Region of Murcia (Costa Cálida).

The third study dealt with the Andalusian Coast (Costa de Almeria, Costa Tropical, Costa del Sol, Costa de la Luz).

Finally, the fourth study, which is the subject of this publication, summarizes the three preceding ones and integrates the elements of taxation with the purchase (ITP, AJD on the mortgage) by region.

This may help you choose the location of your future real estate investment, but remember that it will never replace an on-site visit after a selection of properties by your real estate advisor.

Notes: (1) by shoreline, we mean the area distant at most 5 kilometers from the seaside – (2) the advertised price is the average price recorded on April 3, 2018 on the Idealista real estate search site for the dwellings of each coastal area.

TAXATION TO PURCHASE ACCORDING TO THE COASTAL REGIONS

Taxation on the purchase of real estate is not the same throughout Spain. Buying in Spain from Catalonia will cost you a bit more in taxes than buying in the Balearic Islands or Andalusia.

The most important tax is the ITP (“Impuesto de Transmisiones Patrimoniales”, that is to say the tax on inheritance transmission). It is payable by the buyer of any used property.

When you buy a mortgage, there is another tax which is the AJD (“Impuesto de Actos Jurídicos Documentados”, i.e. the tax on legal acts), whose calculation base is most often … well above the value of the building!

The rates of these two taxes vary widely according to the autonomies, that is to say the Spanish regions (“comunidades autónomas”) as shown in the table below (in bold our coastal regions studied).

Autonomous Community	ITP (%)	AJD (%)
Calculation basis	Totality	Resp. hyp (1)
Andalusia	8,00%	1,50%
Aragon	8,00%	1,20%
Asturies	8,00%	1,20%
Balearic	8,00%	0,75%
Canary	6,50%	1,50%
Cantabria	10,00%	1,50%
Castille – La Manche	9,00%	1,50%
Castille-Leon	8,00%	1,50%
Catalonia	10,00%	0,50%
Ceuta	6,00%	0,75%
Madrid	6,00%	1,50%
Valencia	10,00%	1,50%
Estrémadura	8,00%	1,50%
Galice	10,00%	1,00%
La Rioja	7,00%	0,50%
Melilla	6,00%	1,50%
Region de Murcie	8,00%	0,50%
Navarre	6,00%	0,50%
Basque Country	4,00%	0,50%
(1): total mortgage liability

The ITP varies from 4% (Basque Country) to 10% (Catalonia, Valencia Community, Cantabria and Galicia). Note the rate of Madrid (6%) much lower than those of other major Spanish cities (Barcelona and Valencia at 10%, Malaga and Seville at 8%), except Bilbao (4%).

The AJD on the mortgage varies from simple to triple: the lowest tax at 0.50% is in Ceuta, Melilla, Navarre and the Basque Country, the highest at 1.50% in 10 autonomous communities including Catalonia, Andalusia, the Valencian Community and the region of Murcia. CAUTION: The AJD’s calculation base is on “Total Mortgage Liability” and not just the amount borrowed. The basis of calculation therefore includes principal, interest and fees. The total mortgage liability can then vary between 135% and 200% of the value of the loan!

Of the five autonomous communities studied (Catalonia / Balearic Islands / Valencian Community / Region of Murcia / Andalusia), the “lightest” taxation is in the Balearic Islands (ITP 8% and AJD 1.2%), ahead of Andalusia and Spain. Region of Murcia (ITP 8% and AJD 1.5%), and the most “heavy” taxation is in Catalonia and the Valencian Community (ITP 10% and AJD 1.5%).

Example: what will cost in taxes a property of 200,000 € with the purchase with a mortgage loan of 150,000 € (and interest and mortgage fees for 50,000 €)?

• In the Balearic Islands: 18.400 € (ITP: 16.000 € + AJD: 2.400 €)
• In Andalusia and in the Region of Murcia: 19.000 € (ITP: 16.000 € + AJD: 3.000 €)
• In Catalonia and the Valencian Community: € 23,000 (ITP: € 20,000 + AJD: € 3,000)

COSTAL PURCHASE PRICE: THE CHEAPEST AND THE MOST EXPENSIVE BY PROVINCE

The 5 Mediterranean autonomous communities studied have one or more provinces (small region or large department):

Catalonia (3): Provinces of Girona, Barcelona and Tarragona

Balearic Islands (1): Province of Balearic Islands

Valencia (3): Provinces of Castellon, Valencia and Alicante

Region of Murcia (1): Province of Murcia

Andalusia (5): Provinces of Almeria, Granada, Malaga, Cadiz and Huelva

Among these 13 Provinces, the cheapest coastline is in the Provinces of Murcia and Almeria (1250 € / m2) followed closely by that of Castellon (1280 € / m2).

At a level about 15% more expensive there is the coastline of 3 other provinces: Huelva (1450 € / m2), Valencia (1460 € / m2) and Granada (1480 € / m2).

Above but less than 2000 €, 3 other provinces: Tarragona (1640 € / m2), Cadiz (1680 € / m2) and Alicante (1760 € / m2).

The 4 other provinces have average prices on the littoral well over 2000 € / m2: Malaga (2240 ​​€ / m2), Girona (2480 € / m2), the Balearic Islands (3010 € / m2) and finally the most expensive of the coasts Spanish Mediterranean, the coastline of the Province of Barcelona (3330 € / m2).

Between the cheapest coastline, that of the Provinces of Murcia and Almeria at 1250 € / m2, and the most expensive, that of the Province of Barcelona at 3330 € / m2, there is a difference of 1 to 2.7.

PURCHASE PRICE ON THE COAST: THE LESS EXPENSIVE AND THE MOST EXPENSE BY STATION

At a little over 1000 € / m2, the cheapest resort on the Spanish Mediterranean coast is Algeciras (1080 € / m2), the southernmost city in mainland Spain, less than 5 km from Gibraltar and 20 km from Morocco.

In contrast, the most expensive resort is the island of Ibiza with 5410 € / m2, exactly 5 times more than in Algeciras! This creates a problem for local residents who no longer have access to the property.

So you can for the same amount buy an apartment of 30 m2 in Ibiza or 150 m2 in Algeciras. It’s up to you to choose where you want to buy in Spain …

Our real estate advisors are at your disposal throughout the Mediterranean coast of Spain.

Between these two extremes, the main resorts of southern Mediterranean Spain are generally cheaper than those of the north coast and the Balearic Islands:

Buy in Mediterranean Spain at less than 1100 € / m2:

Region	Provinces	Cities	€/m2
Andalusia	Cadiz	Algeciras	1080

Buy in Mediterranean Spain between 1100 and 1400 € / m2:

Region	Provinces	Cities	€/m2
Andalusia	Almeria	Roquetas de Mar	1110
Andalusia	Huelva	Huelva	1130
Valencia	Valence	Gandia – Oliva	1160
Murcia	Murcia	Cartagena	1220
Andalusia	Almeria	Almeria	1230
Région de Murcie	Murcie	Mazarron – La Azohia	1340
Andalusia	Almeria	Villaricos – Mojacar	1390

Buy in Mediterranean Spain between 1400 and 1700 € / m2:

Region	Provinces	Cities	€/m2
Andalusia	Cadiz	San Fernando – Chiclana	1470
Valencia	Castellon	Orpesa del Mar	1480
Valencia	Valence	Cullera	1490
Valencia	Alicante	Torrevieja	1490
Valencia	Castellon	Benicarlo – Peniscola	1500
Valencia	Alicante	Arenals – Santa Paula	1520
Andalusia	Cadiz	Sanlucar de Barrameda	1530
Valencia	Alicante	Alicante	1540
Andalusia	Huelva	Islantilla – Isla del Moral	1580
Catalogne	Tarragone	Calafell – Cunit	1680

Buy in Mediterranean Spain between 1700 and 2000 € / m2:

Region	Provinces	Cities	€/m2
Andalusia	Grenade	Almunécar – Salobrena	1740
Andalusia	Cadiz	El Puerto de Santa Maria	1740
Catalonia	Tarragona	Tamarit – Torredembara	1790
Catalonia	Tarragona	Tarragona	1840
Valencia	Valencia	Valencia	1900
Catalonia	Tarragona	Salou – Cambrils	1940
Valencia	Alicante	Dénia – Xabia	1980
Valencia	Alicante	Calp – Benidorm	1990

Buy in Mediterranean Spain between 2000 and 2300 € / m2:

Region	Provinces	Cities	€/m2
Valencia	Alicante	Orihuela – Torre de la Horadada	2000
Catalonia	Girona	Lloret del Mar – Blanes	2030
Andalusia	Malaga	Torremolinos- Benalmadena	2050
Andalusia	Malaga	Estepona – Bahia Dorada	2050
Andalusia	Malaga	Mijas – Fuengirola	2110
Andalusia	Malaga	Malaga	2120
Catalonia	Barcelona	Vilanova i la Geltru	2170
Andalusia	Cadiz	Cadiz	2180
Andalusia	Cadiz	Guadiaro –The Alcaidesa	2210
Catalonia	Barcelona	Arenys de Mar – Canet de Mar	2270
Catalonia	Barcelona	Badalona	2290

Buy in Mediterranean Spain between 2300 and 3000 € / m2:

Region	Provinces	Cities	€/m2
Balearic	Baléares	Ile de Minorque	2310
Andalusia	Malaga	San Pedro – Cancelada	2550
Catalonia	Girona	Roses – Empuriabrava	2570
Catalonia	Girona	Begur – Palafrugell	2710
Catalonia	Girona	Palamos – Aro	2730
Balearic	Balearic	Mallorca	2840

Between 3000 and 5000 € / m2:

Region	Provinces	Cities	€/m2
Andalusia	Malaga	Marbella	3070
Catalonia	Barcelona	Sitges	3210
Balearic	Balearic	Palma Bay	3240
Catalonia	Barcelona	Gava – Casteldefels	3670
Catalonia	Barcelona	Barcelona	4730

Buy in Mediterranean Spain at more than 5000 € / m2:

Region	Provinces	Cities	€/m2
Balearic	Balearic	Ibiza-Formentera	5410

AND IF YOU ADD TAX TO THE PURCHASE PRICE?

If we add the elements of taxation, ITP and AJD, is the ranking changed? Finally, quite a bit because the Balearic Islands, which benefit from the best taxation, have high prices for the purchase. And the more advantageous taxation of the southern coastal regions accentuates the price difference with those of the north, but does not change the order of the ranking.

Below, you have the final ranking on the total price (€ / m2) that integrates the purchase price, the ITP and the AJD (based on a total mortgage liability of 150% of the purchase price) for the 13 Provinces of the Spanish Mediterranean coast and their main resorts.

It’s up to you to find your happiness according to your budget!

You want to buy an apartment or a villa on the Catalan coast, the Valencia coast, in Alicante, near Malaga, in Cadiz or in the Balearic Islands, contact us:

By email to spainpurchase@yahoo.com

We will get in touch with you to give you the best advice and find the villa or apartment that fits your wishes.

BUY IN SPAIN: THE TOTAL PURCHASE PRICE (INCLUDING TAXES IN € / M2)

Summary table:

Region	Province	Costal Area	€/m2 HT	ITP	AJD	€/m2 TTC
Andalusia	Cadiz	Algeciras	1080	8%	1,50%	1190
Andalusia	Almeria	Roquetas de Mar	1110	8%	1,50%	1220
Andalusia	Huelva	Huelva	1130	8%	1,50%	1250
Valencia	Valence	Gandia – Oliva	1160	10%	1,50%	1300
Murcia	Murcia	Cartagena	1220	8%	1,50%	1350
Andalusia	Almeria	Almeria	1230	8%	1,50%	1360
Murcia	Murcia	Province of Murcia	1250	8%	1,50%	1380
Andalusia	Almeria	Province of Almeria	1250	8%	1,50%	1380
Valencia	Castellon	Province de Castellon	1280	10%	1,50%	1440
Murcia	Murcia	Mazarron – La Azohia	1340	8%	1,50%	1480
Andalusia	Almeria	Villaricos – Mojacar	1390	8%	1,50%	1530
Andalusia	Huelva	Province de Huelva	1450	8%	1,50%	1600
Andalusia	Grenade	Province de Grenade	1470	8%	1,50%	1620
Andalusia	Cadiz	San Fernando – Chiclana	1470	8%	1,50%	1620
Valencia	Valencia	Province de Valence	1460	10%	1,50%	1640
Valencia	Castellon	Orpesa del Mar	1480	10%	1,50%	1660
Valencia	Valence	Cullera	1490	10%	1,50%	1670
Valencia	Alicante	Torrevieja	1490	10%	1,50%	1670
Valencia	Castellon	Benicarlo – Peniscola	1500	10%	1,50%	1680
Andalusia	Cadiz	Sanlucar de Barrameda	1530	8%	1,50%	1690
Valencia	Alicante	Arenals – Santa Paula	1520	10%	1,50%	1710
Valencia	Alicante	Alicante	1540	10%	1,50%	1730
Andalusia	Huelva	Islantilla – Isla del Moral	1580	8%	1,50%	1740
Catalonia	Tarragona	Province of Tarragona	1640	10%	1,50%	1840
Andalusia	Cadiz	Cadiz	1680	8%	1,50%	1850
Catalonia	Tarragona	Calafell – Cunit	1680	10%	1,50%	1890
Andalusia	Grenade	Almunécar – Salobrena	1740	8%	1,50%	1920
Andalusia	Cadiz	El Puerto de Santa Maria	1740	8%	1,50%	1920
Valencia	Alicante	Province of Alicante	1760	10%	1,50%	1980
Catalonia	Tarragona	Tamarit – Torredembara	1790	10%	1,50%	2010
Catalonia	Tarragona	Tarragona	1840	10%	1,50%	2070
Valencia	Valence	Valence	1900	10%	1,50%	2130
Catalonia	Tarragona	Salou – Cambrils	1940	10%	1,50%	2180
Valencia	Alicante	Dénia – Xabia	1980	10%	1,50%	2220
Valencia	Alicante	Calp – Benidorm	1990	10%	1,50%	2230
Valencia	Alicante	Orihuela – T. of the Horadada	2000	10%	1,50%	2250
Andalusia	Malaga	Torremolinos- Benalmadena	2050	8%	1,50%	2260
Andalusia	Malaga	Estepona – Bahia Dorada	2050	8%	1,50%	2260
Catalonia	Girona	Lloret del Mar – Blanes	2030	10%	1,50%	2280
Andalusia	Malaga	Mijas – Fuengirola	2110	8%	1,50%	2330
Andalusia	Malaga	Malaga	2120	8%	1,50%	2340
Andalusia	Cadiz	Cadiz	2180	8%	1,50%	2400
Catalonia	Barcelona	Vilanova i la Geltru	2170	10%	1,50%	2440
Andalusia	Cadiz	Guadiaro – The Alcaidesa	2210	8%	1,50%	2440
Andalusia	Malaga	Province de Malaga	2240	8%	1,50%	2470
Balearic	Balearic	Island of Menorca	2310	8%	1,20%	2540
Catalonia	Barcelona	Arenys de Mar – Canet de Mar	2270	10%	1,50%	2550
Catalonia	Barcelona	Badalona	2290	10%	1,50%	2570
Catalonia	Girona	Province de Girona	2480	10%	1,50%	2780
Andalusia	Malaga	San Pedro – Cancelada	2550	8%	1,50%	2810
Catalonia	Girona	Roses – Empuriabrava	2570	10%	1,50%	2880
Catalonia	Girona	Begur – Palafrugell	2710	10%	1,50%	3040
Catalonia	Girona	Palamos – Aro	2730	10%	1,50%	3060
Balearic	Balearic	Mallorca	2840	8%	1,20%	3120
Balearic	Balearic	Province of Balearic	3010	8%	1,20%	3300
Andalusia	Malaga	Marbella	3070	8%	1,50%	3380
Balearic	Balearic	Bay of Palma	3240	8%	1,20%	3560
Catalonia	Barcelona	Sitges	3210	10%	1,50%	3600
Catalonia	Barcelona	Province de Barcelona	3330	10%	1,50%	3740
Catalonia	Barcelona	Gava – Casteldefels	3670	10%	1,50%	4120
Catalonia	Barcelona	Barcelona	4730	10%	1,50%	5310
Balearic	Balearic	Island of Ibiza-Formentera	5410	8%	1,20%	5940

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With more than 20 years of experience in real estate acquisition procedures in Spain, we are at your disposal to assist you with all the necessary steps from the search for a property to services offered after the acquisition. When you are buying a home in Spain we help with organizing the visits of properties, the legal verification of the properties, the obtaining of a mortgage, the administrative procedures and the signature of the different notarized documents.
Do not hesitate to contact us!
Send an email to spainpurchase@yahoo.com

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