Flat 60 м² in Madrid, Spain

292 114 $

4 868 $ /м²

4Oaq5

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #1

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #2

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #3

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #4

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #5

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #6

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #7

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #8

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #9

Flat 60m² in Spain, Madrid. Priced at 252000€ rent photo- #10

Area

60 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

The property is located on Paseo de la Castellana, one of the main arteries of Madrid, opposite the four towers. This is an expanding area as it will be the beginning of the large project Madrid Nuevo Norte, where the Fifth Tower is currently being built, which will be home to the renowned IE Business School, so there is expected to be a high demand for rental in this area.

Its 60 sqm are distributed over 2 bedrooms, 1 bathroom, balcony, and storage room. The property faces west and has natural gas heating.

It is located near a bus stop and metro station, a 5-minute walk to Chamartín and 15 minutes to Plaza Castilla and La Vaguada, close to all kinds of services.

The property is fully furnished, ready for occupancy or rental as a vacation apartment or investment.

Additional details

Property type

Residential Properties

Object type

Flat

Price

292 114 $

Land area

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 (292 114 $) 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).