Sorello Guides

Buying in Elche: tax, IBI and the market

At 1.684,1 €/m² the appraised average sits below the national middle. Second homes are a minority presence, at 23,76 % of the dwelling stock. Elche is a city, and in Alicante that means its districts behave like separate markets that happen to share a town hall.

The bill that lands on the day of the deed

Valencian Community applies 9 %, among the highest transfer-tax rates in Spain. Buying an existing home in Elche means paying the Valencian Community transfer tax on top of the price, not out of it.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €18.000 €
350.000 €31.500 €
600.000 €54.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Valencian Community

Put beside its neighbours

Take Alicante alone: among the municipalities here, its count of registered residential units is the third highest.

Country-wide, that total dwelling stock is one of the second-dearest twentieth.

Judged only against Alicante, the number of urban cadastral units here is the second highest in the guide.

Country-wide, that population is one of the second-dearest twentieth.

Among the Alicante towns and cities covered here, it records the fourth highest number of notarised home sales.

How it ranks

Country-wide, that number of appraisals behind the average is one of the second-dearest twentieth.

Within Alicante, that is the second lowest tax rate on construction work among the municipalities this guide covers.

Nationally, that rural property-tax rate falls in the cheapest twentieth of them.

Line the Alicante municipalities in this guide up by urban property-tax rate and this one is the seventh highest.

Over the whole guide, the average cadastral value per home recorded here falls within the second-cheapest twentieth.

Put beside its neighbours

Compared with the rest of Alicante in this guide, it sits third lowest on average cadastral value per home.

On a national view, its appraised value of an older home falls into the fourth-cheapest twentieth.

Judged only against Alicante, the appraised value of a home under five years old here is the second lowest in the guide.

Over the whole guide, the share of the urban register that is housing recorded here falls within the band just above the bottom quarter.

What the housing stock is like

The census counted 116.080 dwellings across the municipality.

23,76 % of dwellings in Elche are not a main residence — a normal proportion for an inland town.

12,25 % of main homes are rented in Elche, below the national pattern.

The pace of sales

Against 116.557 registered residential units, a healthy share of the stock changes hands each year.

Second quarter was the busiest quarter and Fourth quarter the thinnest, but the spread was mild.

Elche saw 3.605 notarised home sales over the year, a steady rate for its population.

Notarised home sales by quarter, 2025
QuarterSales
First quarter950
Second quarter991
Third quarter857
Fourth quarter807

The cadastral values are dated

The tax on construction work is 2,7 %, so a refurbishment budget should carry it.

The Elche register dates from 2001; a future revision could move the yearly bill significantly even if the rate never changes.

The yearly bill, which is not small here

Rural land is charged at 0,3 %, which is nominal.

A cadastral value of 39.017 € per residential unit keeps the Elche bill modest whatever the rate.

The 0,83 % urban IBI rate in Elche is high by Spanish standards.

180.000 € of cadastral value at 0,83 % is 1.494 € a year, but the base is dated and a revision would change it sharply.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

The market in appraisal terms

The premium for new build is clear: 2.008,8 €/m² against 1.677,3 €/m² for anything older.

647 appraisals stand behind it, enough for the average to be stable.

Elche housing is appraised at 1.684,1 €/m² on average.

Related guides

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