Flat 105 м² in Madrid, Spain

983 498 $

9 366 $ /м²

4Ob47

Area

105 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Master the harmonious combination of two bedrooms and two bathrooms, including convenient en-suite bathrooms, in this fully renovated apartment in the heart of Madrid. The interior is a testament to exquisite design, fully furnished with custom designer furniture, elegant wood finishes, and plenty of pleasant lighting thanks to energy-efficient LED lamps. Property tax is €572 annually, with home management fees of €98, including maintenance of common services and cleanliness. Kitchen appliances. Air conditioning. Close to shops. Furnished. Renovated. Furnished kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

983 498 $

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 (983 498 $) 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).