Apartment in Central and Northern Spain. City - Madrid
This unique property is located in the sought-after Salamanca district in Madrid. This 85-square meter house has three bedrooms, three bathrooms, and a living room with an open-plan kitchen, providing a well-lit space with street views. Air conditioning systems ensure a pleasant and comfortable indoor environment. Fully furnished and tastefully decorated, this house is ideal not only for everyday living but also presents an excellent investment opportunity. The building has an elevator.
The Salamanca district is one of the most exclusive areas in the center of Madrid, home to the famous "Golden Mile" of the capital. The Salamanca district is divided into six neighborhoods: Castellana, Recoletos, Goya, Lista, La Guindalera, and Fuente del Berro.
This area stands out for its luxury shops, aristocratic facades, and mansions transformed into luxurious apartments with original and unique styles. It is a benchmark of luxury fashion and haute couture, where you can find boutiques of renowned designers. Additionally, there are several art galleries and auction houses located here.
The Salamanca district is not just about boutiques and luxury homes. It is about art and culture. Among its streets, you will find the National Archaeological Museum and the Lazaro Galdiano Museum. Furthermore, the Salamanca district also includes the WiZink Center, formerly known as the Palacio de los Deportes, where basketball games and concerts by great artists are often held.
Among its streets, the most avant-garde cuisine also stands out. In the Salamanca district, you will find Michelin-starred restaurants such as Ramon Freixa, Sankara, Kabuki Wellington, Viru or Punto MX.
Features: Kitchen appliances. Air conditioning. Close to shops. Furnished. Furnished kitchen.
Characteristics
Property type
Residential Properties
Object type
Flat
Price
1 029 425 $
FAQ
How can I get a residence permit by buying property in Spain?
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.
Is a mortgage available for non-residents in Spain?
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.
What taxes and fees apply when buying in Spain?
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.
How is the title checked in Spain?
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.
Can I rent out property after purchase in Spain?
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.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (1 029 425 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Spain?
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).
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