Flat 42 м² in Madrid, Spain

266 449 $

6 344 $ /м²

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Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #1

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #2

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #3

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #4

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #5

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #6

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #7

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #8

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #9

Flat 42m² in Spain, Madrid. Priced at 229000€ rent photo- #10

Area

42 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Excellent apartment with interior located in the tourist area of Madrid de los Austrias, in the Barrio de las Letras district, very close to the iconic building of Ateneo and just 15 minutes walk from the famous Retiro Park. The property, located on the first floor with an elevator, has an area of 42 square meters and consists of a living room, separate kitchen, office or studio, bedroom, and 2 bathrooms. The ceiling height in this room is over 3 meters. There is also air conditioning and an elevator. Close to all kinds of services and excellent transportation accessibility with subway and buses. Air conditioning. Close to shops.

Additional details

Property type

Residential Properties

Object type

Flat

Price

266 449 $

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 (266 449 $) 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).