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Flat 160 м² in Madrid, Spain

ID 4Ob5Q
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Area
160 m²
Bedrooms
3
Bathrooms
3

Description

Apartment in Central and Northern Spain. City - Madrid

Nice apartment located in El Encinar de los Reyes (La Moraleja / Madrid district), within walking distance of La Moraleja square. It is located in a fantastic private urbanization with 24-hour security and extensive communal areas, including pools, tennis court, and paddle tennis court. Wonderful and bright apartment of about 160 square meters with three bedrooms and two bathrooms. In excellent condition and ready to move in. The layout is as follows: entrance hall, kitchen with laundry area, living-dining room, study or living room with sliding door (this room can also be used as a bedroom). The sleeping area consists of 3 bedrooms and 2 bathrooms - the main one with a hydro massage bath and dressing room. Air conditioning. Natural gas heating. 2 parking spaces. 1 storage room. The La Moraleja district, consisting of La Moraleja, El Soto de la Moraleja, and El Encinar de los Reyes, is a luxurious residential area in Madrid and the most renowned in Spain. It is located in the north of Madrid (12 km from the center) and is known for its greenery and historic concentration of celebrities. It has an excellent location - just 10 minutes to the city center and 5 minutes to the airport, as well as excellent transportation accessibility by road, metro, and bus. La Moraleja belongs to the municipality of Alcobendas. In the urbanizations of the area (including La Moraleja, El Soto de la Moraleja, and El Encinar de los Reyes), 24,698 people live on an area of 4526 hectares, which represents half the area of the entire municipality of Alcobendas. In this area, you can find houses of various types: apartments, penthouses, ground floor apartments with a garden, semi-detached villas, detached villas, mostly located in closed urbanizations with common recreational areas, active security, pools, and sports facilities. There are also private residences. La Moraleja has the highest number of national and international private schools in all of Spain, including the International College of Spain, King's College, San Patricio, Runnymede College, Brains, European Lyceum, Los Sauces, Santa Helena, Saint George, Highlands, Irish School, French Lyceum, Aldovea-Aldeafuente, Base College, among others. It is also home to one of the two campuses of the European University of Madrid in the Madrid Community. There are also several shopping and medical centers, two 18-hole golf courses, a tennis club, paddle tennis club, horse riding school, rugby club, and one of the most attractive gastronomic offerings in Madrid. It is worth mentioning La Moraleja square, where the main and most prestigious restaurants in Madrid are located (La Maquina, Aspen, A'Kangas, El Barril de la Moraleja Seafood restaurant, La Penela, A'Brasa), cafes (Pino, Embassy), pharmacies, banks, etc. According to some prestigious publications, this is the best urbanization in the world considering its qualities. Also, according to the latest report from the Spanish Tax Agency, La Moraleja is the district with the highest disposable income in Spain - 113,642 euros, almost double the second-ranked Valvidrera-Tibidabo-Les Planes district (Barcelona) with 65,700 euros and Somosaguas-Urrea (Pozuelo de Alarcon, Madrid) with 62,390 euros, followed by the Salamanca-Goya districts (Madrid) with 61,562 euros. This area is also the safest and quietest in Madrid thanks to the 24-hour security service. On the other hand, Alcobendas (the municipality to which La Moraleja belongs) is a business giant, with over 15,000 companies and more than 500 international companies (such as Mercedes, Toyota, Ford, Pfizer, Indra, Acciona, Porcelanosa, or Bankinter, among many others), placing it second in the national ranking after Madrid and ahead of Barcelona.

Characteristics

Property type
Residential Properties
Object type
Flat
Price
1 047 154 $

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 (1 047 154 $) 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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Flat with 3 bedrooms in Madrid, Spain