Yes. Buyers of new buildings pay a VAT plus a regional tax of 7—12% of the purchase price. For secondary real estate property, buyers pay a 6—10% transfer tax.
The annual property tax in Spain ranges from 0,4% to 1,1% of the cadastral value. The rate depends on the region where the property is located.
Foreign owners who rent their property in Spain pay a 24% income tax. Foreigners may be charged a tax on imputed income, even if the property is not rented. The imputed income tax rate ranges from 1б1% to 2% of the cadastral value of the object. The tax is levied on non-resident owners who live in Spain less than 183 days a year.