What it is
A formal appraisal of a property's market value, carried out by a bank-approved valuator (tasador). Required before a mortgage is approved — the bank will lend against the lower of the purchase price or tasación value. On the Costa del Sol, tasaciones for luxury property can diverge significantly from asking prices. This is a core term in the Costa del Sol property purchase process and one buyers frequently encounter during due diligence.
Why it matters for international buyers
Understanding Tasación is part of the standard due diligence framework for any foreign buyer purchasing on the Costa del Sol. A Spanish property lawyer (abogado) will handle the mechanics, but buyers who understand the term can ask better questions and interpret advice more accurately.
This entry is reviewed by the Listyco editorial team. It is not legal advice; instruct a Spanish lawyer for your specific position. Last reviewed April 2026.