Flat 120 м² in Madrid, Spain

1 158 027 $

9 650 $ /м²

4Ob51

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #1

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #2

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #3

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #4

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #5

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #6

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #7

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #8

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #9

Flat 120m² in Spain, Madrid. Priced at 999000€ rent photo- #10

Area

120 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

This 125 m2 house embodies the essence of historical Madrid, located near iconic landmarks such as the Royal Palace and Almudena Cathedral. Offering three bedrooms, three bathrooms, and a living-dining room with an open-plan kitchen, this unique space is enriched by open balconies with stunning views. Furnished with exquisite details and built-in closets, the property also offers the opportunity to include decorations and kitchen essentials in the sale price. With an elevator and situated in a bustling area with traditional shops and entertainment spaces, this home is not only an investment opportunity but also a chance to immerse yourself in the authentic essence of Madrid in the heart of the Palacio district. The Palacio district, steeped in medieval history, is one of the oldest and most symbolic neighborhoods in Madrid. Life here is a true luxury, offering not only the necessary amenities for daily living but also a wide selection of entertainment and leisure options for free time and weekends. In addition to a variety of restaurants, theaters, and cultural establishments, the neighborhood delights with well-maintained green areas - secluded havens in the urban hustle and bustle. From Campo del Moro to the Athens Park and the Manzanares River, these parks offer a peaceful corner in the lively heart of the city. Kitchen appliances. Air conditioning. Close to shops. Furnished. Renovated. Equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 158 027 $

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 (1 158 027 $) 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).