Flat 143 м² in Madrid, Spain

1 738 779 $

12 159 $ /м²

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Flat 143m² in Spain, Madrid. Priced at 1500000€ rent photo- #1

Flat 143m² in Spain, Madrid. Priced at 1500000€ rent photo- #2

Flat 143m² in Spain, Madrid. Priced at 1500000€ rent photo- #3

Flat 143m² in Spain, Madrid. Priced at 1500000€ rent photo- #4

Area

143 м²

Apartment in Central and Northern Spain. City - Madrid

The mansion, located in front of Retiro Park, is currently undergoing a comprehensive restoration process, preserving and carefully treating every corner to maintain its essence and history. As part of the project, 7 unique personalized homes have been created, each different from the other, with robotic parking, storage rooms, green areas, and preserved details such as original moldings in the house where Ramon and Kahal lived. Currently, two homes are available: a 396 sq. m. second-floor house priced at 3,200,000 euros and a two-story apartment of 143 sq. m. priced at 1,500,000 euros.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 738 779 $

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 (1 738 779 $) 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).