Sorello Guides

Buying in Oviedo: tax, IBI and the market

The appraised average of 2.082,3 €/m² is close to the ordinary Spanish level. Oviedo is a city, and in Asturias that means its districts behave like separate markets that happen to share a town hall. Second homes are a minority presence, at 24,88 % of the dwelling stock.

What the deed itself costs

Asturias charges transfer tax on a progressive scale rather than a single rate, starting at 8 % and rising through bands as the value goes up; the table below applies the scale bracket by bracket. The Asturias transfer tax applies to resale purchases in Oviedo; a new build is charged VAT and stamp duty instead.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €16.000 €
350.000 €28.500 €
600.000 €52.000 €

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 Asturias

A sense of scale

On number of urban cadastral units it is the highest of the Asturias municipalities this guide covers.

Set the national range end to end and this total dwelling stock lands in the second-dearest twentieth.

Judged only against Asturias, the count of registered residential units here is the second highest in the guide.

Nationally, that number of notarised home sales falls in the second-dearest twentieth.

Among the Asturias towns and cities covered here, it records the second highest population.

The comparison that matters

Across the country, the number of appraisals behind the average here belongs to the second-dearest twentieth.

Of the Asturias municipalities covered here, this one comes lowest on share of the urban register that is housing.

Over the whole guide, the year of the last cadastral revision recorded here falls within the third-dearest twentieth.

Line the Asturias municipalities in this guide up by average cadastral value per home and this one is the highest.

Over the whole guide, the average cadastral value per home recorded here falls within the top quarter.

A sense of scale

Compared with the rest of Asturias in this guide, it sits second lowest on appraised value of a home under five years old.

Set the national range end to end and this urban property-tax rate lands in the eighth twentieth from the bottom.

Ranked against its neighbours in Asturias, it holds the second lowest appraised value of an older home of the group.

Against every municipality in this guide, its tax rate on construction work lands in the third-dearest twentieth.

The recurring yearly cost

Cadastral values in Oviedo average 76.722 € per dwelling, an ordinary base.

At 0,58 %, the Oviedo urban IBI rate is an ordinary one.

The rural rate of 0,77 % is unusually close to the urban one.

A cadastral value of 180.000 € taxed at 0,58 % gives 1.044 €, though the register is old enough that real values have moved.

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.

What the market looks like

Homes under five years old are appraised at 2.325,6 €/m² against 2.075,8 €/m² for older stock — a modest premium.

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

The average appraisal in Oviedo is 2.082,3 €/m², an ordinary Spanish level.

The pace of sales

With 124.322 residential units on the register, that is moderate turnover of the existing stock.

Oviedo saw 3.715 notarised home sales over the year, a steady rate for its population.

Sales clustered in Fourth quarter and thinned in Third quarter, the ordinary Spanish seasonal pattern.

Notarised home sales by quarter, 2025
QuarterSales
First quarter900
Second quarter1.005
Third quarter762
Fourth quarter1.048

How old the cadastral values are

The construction tax is 4 %, the statutory maximum, which matters if you plan to renovate.

The last general revision in Oviedo was 2013, so cadastral values sit some way below market values.

What the housing stock is like

The census counted 127.210 dwellings across the municipality.

124.322 of 244.954 urban units are residential, a housing-led register.

24,88 % of dwellings in Oviedo are not a main residence — a normal proportion for an inland town.

Related guides

Sources and licences