Flat 87 м² in Madrid, Spain

1 042 110 $

11 978 $ /м²

4Ob50

Area

87 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Discover this renovated 87 sqm property on the bustling second floor. It features 3 bedrooms and 3 bathrooms, including an ensuite, fully furnished with custom furniture, wooden finishes, air conditioning, and upgraded LED lighting. Located in Malasaña, a vibrant area with dynamic commercial activity, this property offers endless shopping opportunities. The gastronomic scene here is diverse, with classic taverns offering refreshing beer and tapas, such as Circo de las Tapas, Clarita, La Pescadería, Bar Galleta, Navajas, and the San Ildefonso gourmet market. Additionally, you can enjoy a peaceful afternoon in one of Malasaña's cozy cafes, showcasing unique decor and a relaxed atmosphere - the perfect spot for coffee, tea, pleasant conversations, or enjoying a good book. Kitchen appliances. Air conditioning. Close to shops. Furnished. Renovated. Furnished kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 042 110 $

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 (1 042 110 $) 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).