The ladder runs 19%, then 24%, then 30%, then 37%, then 45%, then 47%.
Only 50% of a positive rental profit is taxable, so the top rate comes to 23.5% of the whole profit.
Capital gainswhen you sell
26%a flat rate on the gain
The gain is free of tax altogether once the property has been held 5 years.
30%top rate on its own scale
The gain is taxed on a scale of its own in Spain, apart from other income, from 19% to 30%.
A non resident pays a flat 19%.
3% of the sale price is held back at settlement from a non resident seller. It counts against the bill rather than adding to it.
Annual property taxevery year you hold it
0.86%a year on the assessed value
Charged on the official assessed value rather than the market price, which is typically nearer 50% of it.
0.66%a year on the assessed value
Charged on the official assessed value rather than the market price, which is typically nearer 50% of it.
Duty on purchaseone off, on the way in
9%averageof the price, on average
This headline is a national average. The published rule is regional or banded, so enter a price to see what it actually charges.
Imposta di registro is 9% for a second or investment home and 2% with prima casa benefits, with a EUR 1,000 floor, plus EUR 50 each of mortgage and cadastral tax. The rate is the easy half: Italy is the one big European market where the duty need not be charged on the price. Under prezzo valore a private buyer can ask the notary, in the deed itself, to tax the transfer on the cadastral value instead. Rendita catastale x 1.05 x 120 (x 110 for a prima casa). Which is usually far below what was paid. On the Agenzia delle Entrate's own example a EUR 200,000 home with a EUR 900 rendita is taxed on EUR 113,400, so the bill is EUR 10,206 rather than EUR 18,000. Entering the rendita catastale from the visura gives that figure; without it Freeholt charges on the price, which is what a buyer who does not ask for prezzo valore actually pays. A new build bought from the builder is outside this entirely: 10% IVA (4% prima casa, 22% for A/1, A/8 and A/9) plus EUR 600 of fixed taxes. IMU on second homes: 0.86% standard on the cadastral taxable base (~50% of market assumed here). Figures from the October 2025 edition of the Agenzia delle Entrate guide.
8%averageof the price, on average
This headline is a national average. The published rule is regional or banded, so enter a price to see what it actually charges.
ITP on a resale is set by the autonomous community and priced per community once one is chosen, with Catalonia on its own progressive ladder: from 4% in the Basque Country to 13% at the top of the Catalan scale. Until a community is chosen an 8% national average is used. A new build is outside ITP and pays 10% IVA (VAT) plus about 1.5% AJD (stamp duty) instead. IBI is about 0.4 to 1.1% of the valor catastral; entering the cadastral value gives an exact figure (≈50% of market is assumed otherwise). A proposed 100% surcharge on non EU buyers is not law and not computed.
House pricesaverage change a year, last ten years
1.7%a year, on its own national series
The last 5 years: 2021 +3.9% · 2022 +2.7% · 2023 +1.7% · 2024 +4.5% · 2025 +4.0%.
Source: BIS residential property prices, nominal, national, local currency, fourth quarter over fourth quarter (FRED mirrors it as Q<CC>N628BIS).
6.4%a year, on its own national series
The last 5 years: 2021 +6.3% · 2022 +5.5% · 2023 +4.3% · 2024 +11.3% · 2025 +12.9%.
Source: BIS residential property prices, nominal, national, local currency, fourth quarter over fourth quarter (FRED mirrors it as Q<CC>N628BIS).
The same purchase in both
Italy, on €860,230
€77,521Duty on the way in
€3,699Annual property tax
Spain, on €860,230
€68,818Duty on the way in
€2,839Annual property tax
Priced at $1,000,000, converted at rates of 2026-09-08 and held there so the example does not drift.
This is the country. Your own price, loan and years held are the other half.