Flat 71 м² in Madrid, Spain

621 235 $

8 749 $ /м²

4OaVO

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #1

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #2

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #3

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #4

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #5

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #6

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #7

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #8

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #9

Flat 71m² in Spain, Madrid. Priced at 535000€ rent photo- #10

Area

71 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Nice penthouse apartment ready to move in, located in a privileged location in the center of Madrid (Gaztambide district). It is a very sunny house with stunning views. The house has a living-dining room, fully furnished and equipped separate kitchen, two bedrooms, and a full bathroom. The apartment has modern finishes, air conditioning, individual gas heating according to new standards, aluminum windows with double glazing, and high-quality parquet flooring. The apartment is in a very good building with a concierge, video surveillance security system connected to the police, and beautiful common areas. The apartment comes with appliances, air conditioning. Close to shops, there is a terrace. The apartment is furnished, with equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

621 235 $

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 (621 235 $) 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).