Flat 89 м² in Madrid, Spain

992 381 $

11 150 $ /м²

4OaV2

Area

89 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Fully renovated 89 square meter space located on the second floor of a building with an elevator. It has 3 bedrooms and 3 bathrooms, two of which are en-suite. It is fully furnished with custom design furniture, wooden finishes, air conditioning, and excellent LED lighting. Located in the Chueca area, right in the heart of Madrid. The area is full of cozy cafes with terraces, tapas bars, restaurants, lively nightlife spots, boutiques, and popular markets such as San Anton and Plaza de Dos de Mayo. The Romanticism Museum, the Museum of History of Madrid, and several performing arts theaters are also located in this area. Kitchen appliances. Close to shops. Furnished. Renovated. Furnished kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

992 381 $

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 (992 381 $) 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).