Flat 84 м² in Madrid, Spain

957 315 $

11 396 $ /м²

4Ob42

Area

84 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Located on the fifth floor, this charming property welcomes you with abundant natural light and mesmerizing city views. The bright apartment features two windows in the living room and kitchen, offering picturesque views, while additional windows overlooking the courtyard flood the space with radiant light. Including 2 bedrooms and 2 bathrooms, this home strikes a balance between comfort and style. As a result of thoughtful renovation, the apartment is fully furnished with custom furniture showcasing exquisite wood finishes and optimal lighting thanks to energy-efficient LED lamps. Among other notable features is the gas heating system, contributing to cozy living during cold months. With an IBI (property tax) of 742.42 euros and a monthly communal tax of 66 euros, this property not only offers a cozy living space but also embodies the vibrant spirit of city life. Kitchen appliances. Close to shops. Furnished. Renovated. Furnished kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

957 315 $

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 (957 315 $) 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).