Flat 111 м² in Madrid, Spain

1 039 263 $

9 362 $ /м²

4OaUu

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #1

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #2

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #3

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #4

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #5

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #6

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #7

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #8

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #9

Flat 111m² in Spain, Madrid. Priced at 895000€ rent photo- #10

Area

111 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

The completely renovated apartment with an area of 111 sq. m is located in the prestigious Salamanca district. It has 2 bedrooms and 2 bathrooms. The building is equipped with an elevator. The Salamanca district is one of the most prestigious areas in the center of Madrid, home to the famous "Golden Mile" of the capital. This area stands out for its luxurious shops, aristocratic facades, and mansions converted into authentic luxury apartments with a unique style. It is a benchmark for luxury fashion and haute couture, with boutiques by great designers. Additionally, it is home to several art galleries and auction houses. Salamanca district is not only boutiques and luxury homes, it is also art and culture. In its streets, you will find the National Archaeological Museum and the Lazaro Galdiano Museum. Additionally, the Wizink Center is also located in the Salamanca area, a former palace where basketball games and concerts by great artists are often held. Among its streets, the most advanced gastronomy stands out. In the Salamanca district, you will find restaurants with multiple Michelin stars, such as Ramon Freixa, Zalacain, Kabuki Wellington, Viru, or Punto MX. Kitchen appliances, air conditioning, close to shops, furnished, renovated, fully equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 039 263 $

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 (1 039 263 $) 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).