Flat 60 м² in Madrid, Spain

589 197 $

9 819 $ /м²

4Ob0V

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #1

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #2

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #3

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #4

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #5

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #6

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #7

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #8

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #9

Flat 60m² in Spain, Madrid. Priced at 505000€ rent photo- #10

Area

60 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

The apartment is located in the center of the Salamanca district, one of the most exclusive areas of Madrid known for its elegant buildings and birch-lined avenues. This elegant apartment has been tastefully renovated in a modern style with beautiful details. It is located on the second floor with views of a large and bright courtyard. The apartment features an open layout consisting of a pleasant living room, dining room, and modern white kitchen with plenty of storage space and fully equipped. The bright living room has a beautiful built-in library separated from the bedroom by two sliding glass doors. There is a lovely modern bathroom with a shower. The apartment has parquet floors, except for the kitchen which has beautiful ceramic tiles. It is located in a building with a classic facade and elevator. The entrance to the apartment is through a "corrala" (courtyard of neighboring dwellings, around which the apartments are arranged). These "corralas" are a symbol of old Madrid architecture and can be found in many buildings in Madrid and throughout Spain. The nearest metro stations are two blocks away (Velazquez and Principe de Vergara). Price: 505,000 euros. Air conditioning. Close to shops. Furnished. Renovated. Equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

589 197 $

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 (589 197 $) 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).