Flat 125 м² in Madrid, Spain

1 405 500 $

11 244 $ /м²

4Ob4x

Area

125 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Fully renovated three-bedroom, three-bathroom apartment on the second floor, including two en suite bathrooms. Located in the bustling Chueca neighborhood in the heart of Madrid, it offers a lively atmosphere with charming cafes, tapas bars, restaurants, lively nightlife spots, boutiques, and popular markets such as San Anton and Plaza del Dos de Mayo. The area is also home to the Museum of Romanticism, the Museum of Madrid History, and several performing arts theaters. The apartment comes fully furnished with custom-made furniture, air conditioning, wooden finishes, and great LED lighting. Furnished. Equipped kitchen. Renovated. Kitchen appliances. Air conditioning. Close to shops.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 405 500 $

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 (1 405 500 $) 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).