Flat 112 м² in Madrid, Spain

1 074 203 $

9 591 $ /м²

4OaUk

Area

112 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

In the heart of the bustling district of Central Madrid, there is a meticulously restored property with three bedrooms and the luxury of two private bathrooms. The kitchen, adorned with high-quality appliances, adds sophistication to the residence. Immerse yourself in the comfort of the renovated living space, equipped with air conditioning convenience and a charming balcony. The space covers a generous 90 sq.m., providing ample room for modern living. The Chueca neighborhood borders the elegant Gran Via boulevard and is characterized by neoclassical buildings, luxury boutiques, and the Supreme Court of Spain. Kitchen appliances. Air conditioning. Close to shops. Furniture. Renovated. Equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 074 203 $

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 (1 074 203 $) 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).