Flat 125 м² in Madrid, Spain

1 569 612 $

12 556 $ /м²

4OaV5

Area

125 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Completely renovated apartment located on the third floor in the Salamanca district. It has balconies overlooking the street, providing plenty of natural light. The property includes two spacious bedrooms with two en-suite bathrooms, as well as an additional guest toilet. Sold fully furnished with custom furniture from renowned designers, high-quality finishes, wooden elements, and LED lighting. The house is equipped with an advanced smart home system, allowing remote control from anywhere. The Salamanca district is one of the most prestigious areas in the center of Madrid, home to the famous "Golden Mile" of the capital. Salamanca district is divided into six neighborhoods: Castellana, Recoletos, Goya, Lista, Chamberí, and Fuente del Berro. This area is distinguished by its luxury shops, aristocratic facades, and mansions transformed into luxurious apartments with original and unique style. It is the epitome of luxury fashion and haute couture, where you can find boutiques of great designers. Additionally, there are several galleries and auction houses located here as well. The Salamanca district is not just boutiques and luxury homes, it is art and culture. Amid its streets, you will find the National Archaeological Museum and the Lazaro Galdiano Museum. Additionally, the Salamanca district is also home to the WiZink Center, formerly known as the Palace of Sports, where basketball games and concerts by great artists are often held. The area is also known for its avant-garde cuisine. In the Salamanca district, you will find Michelin-starred restaurants such as Ramón Freixa, Zalacaín, Kabuki Wellington, Viru, or Punto MX. Kitchen appliances. Storage room. Air conditioning. Close to shops. Furnished. Renovated. Smart home. Equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 569 612 $

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 (1 569 612 $) 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).