Flat 122 м² in Madrid, Spain

1 602 722 $

13 137 $ /м²

4OV2i

Flat 122m² in Spain, Madrid. Priced at 1182298£ rent photo- #1

Flat 122m² in Spain, Madrid. Priced at 1182298£ rent photo- #2

Flat 122m² in Spain, Madrid. Priced at 1182298£ rent photo- #3

Flat 122m² in Spain, Madrid. Priced at 1182298£ rent photo- #4

Flat 122m² in Spain, Madrid. Priced at 1182298£ rent photo- #5

Flat 122m² in Spain, Madrid. Priced at 1182298£ rent photo- #6

Area

122 м²

Bedrooms

Bathrooms

Apartment for sale in Madrid, Spain.

Vivienda 2 presents this bright apartment in one of the best neighborhoods of Madrid. The house consists of a living room with two balconies facing the street, a master bedroom with dressing room and a bathroom, also having a balcony overlooking the street. Then we have an open kitchen connected to the dining room and dining area, as well as a pantry. Another large room and a full bathroom are also available. The neighborhood is one of the best in Madrid as it is located in the Palacio neighborhood. We are very close to Caye Mayor, Plaza Mayor, the Royal Palace and the Royal Theater. This area has all kinds of services such as pharmacies, medical center, stores, bars, restaurants and other services, the good thing is that the street is very quiet. The transportation connection is excellent as there are several metro lines such as 2, 5, R and several bus routes that stop very close to the house: 3, 148, N16. Come and see for yourself without hesitation!

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 602 722 $

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Madrid; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Madrid short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 602 722 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Madrid: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).