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Alegria Real EstateFinding property for sale in Madrid on our platform is very easy. At the same time, you won't lose much time:
- Specify the main selection criteria to see suitable apartments and villas in Spain from developers and verified agencies;
- Sort over 87 listings for real estate in Madrid by price, date added or popularity to highlight the most promising options;
- Read descriptions and view photos;
- Find your ideal property, contact the seller directly to discuss details and start the documentation process.
- The average selling price of property in Spain, the area is EUR 390,000.
- The average price per square metre is EUR 4,190, while in the region it is EUR 3,247.
- The lowest-priced property in Madrid is EUR 150000;
- The most expensive housing unit is EUR 11 million;
- The average price increased by 8.2% last year.
- Minimum area: 21 m²
- The average area of villas and apartments in Spain in Madrid: 85 m²
- Largest area: 1,090 m²
A purchase of real estate in Madrid no longer comes with residency. Since Spain scrapped its Golden Visa on 3 April 2025, the former €500,000 investment route to a residence permit is closed; foreigners buy property freely but apply for residency through other visas.
Residence permit applications can be submitted immediately after completing a transaction and are usually reviewed within 20 working days. If the application is approved, the investor, as well as their family members, will become residents with the right to renew their residence permit for as long as they own real estate or have not obtained permanent residence and citizenship. After five and ten years, respectively, the investor can apply for permanent residence and citizenship.
In search of the best options, foreigners interested in changing their country of residence should pay attention to offers in the following areas:
- Salamanca
- Chamberi
- Chamartin
- Retiro
- Hortaleza
In the regions of Puerta de Hierro, Sanchinarro, Valdebebas, and El Cañaveral, you can find a concentration of newly constructed properties with developing social infrastructure. These modern properties in Spain come equipped with all the necessary amenities and buying one while it is still under construction may result in a 20-30% increase in value.
Property in Madrid
Residents of other countries can invest in properties in Madrid, Spain without restrictions, choosing from a wide range of apartments, houses and commercial real estate with the required features. Use our database to find the most attractive offers and contact the agency or developer directly.
We only publish verified information, which makes it easier for you to decide where to invest your money. You should consider the purpose of the purchase, the composition of your family, and your personal preferences before making any investment decisions.
Madrid, the capital of Spain, is located in the center of the Iberian Peninsula. This city has a status of a financial and cultural hub and is home to a large expatriate community. Many people are considering relocating here.
Property in Madrid can still be bought freely by foreigners, but it no longer grants a residence permit — Spain abolished the €500,000 Golden Visa on 3 April 2025, so residency is obtained via the non-lucrative, digital-nomad or work/study routes instead. The main advantages of living and doing business in Madrid are:
- More than 100 museums, including the Reina Sofía Museum, the Prado Museum and the Thyssen-Bornemisza Museum;
- Sunny and warm weather;
- A population of around 3.3 million people, which is important for those wishing to start their own business (there is a large consumer market and there are also many tourists);
- Large areas of parkland - West, Quinta de la Fuente del Berro Park, Río Park;
- The presence of the Madrid-Barajas Adolfo Suarez International Airport, one of the main hubs for flights to Latin America and the rest of the world;
- An efficient metro system that provides easy access to all parts of the city;
- Numerous schools, colleges, universities, business incubators, nurseries, and other social infrastructure.
Prices of real estate for sale in Madrid have risen by 8.2% since the beginning of 2023, with the cost per square metre exceeding EUR 4,000. Given the imbalance between supply and demand, experts expect this trend to continue, with indicators rising by 3–5% by the end of 2024.
During the pandemic, tourism decreased slightly, but it is now rebounding, leading to an increase in foreigners investing in villas and apartments to rent out.
Whatever the reason for the transaction, the procedure is the same and consists of the following stages:
- Research the market, compare and choose the best option.
- Discussing details with the seller - it is safer and more advantageous to deal directly with the developer or an estate agent with an impeccable reputation.
- Viewing (remotely or in person).
- Obtain the NIE (Non-Immigrant Identification Number).
- Signing documents and paying taxes.
- Registering the transaction with the National Land Registry.
Once the title deeds have been obtained, your documents can be presented to obtain residency for you and your family.
Reasons for investing in property in Madrid
It makes sense for any foreigner to consider buying a 1–5-bedroom apartment, studio, townhouse, villa or penthouse in the capital of Spain if they wish to:
- Have a liesure home in a convenient area.
- Generate rental income - the rate in 2024 is EUR 18.2/m².
- Profit from resale - over 12 months, the price has risen to EUR 4,190/m², making it one of the most promising cities in the country for long-term investment.
- Obtain residency in Spain by becoming the owner with a payback period of around 14 years.
Since the beginning of the year, the area has already seen a price increase of +1.2%, with the average cost of a home at EUR 390,000. Before concluding a transaction, it's important to analyse the characteristics of properties in Madrid for investment offered in new buildings and on the secondary market:
- Trendy areas include Salamanca and Hortaleza, where it's advisable to buy properties for passive income.
- Retiro and Moncloa offer the best combination of price and quality of housing - this is the best place to buy real estate for retirees and families with children.
- Fuencarral and Chamartín are close to universities and city centre and are popular with students and young people.
- If you have a modest budget, you can consider the areas of Barajas, Ciudad Lineal, Vicálvaro, Vallecas, Usera and Tetuan.
Buying real estate in Madrid
Looking for real estate in Spain? We can assist you in choosing and buying the perfect property in the city or other areas of Spain. As an investor, we understand that you look for various characteristics such as price, area, number of bathrooms and bedrooms, view from the windows, quality of finish, favourable location, technical equipment, etc.
Our website offers filters and additional options such as comparison, sorting by cost/recently added/popularity, to help you find the best moving or renting options. Buyers can also use our built-in currency converter, and view detailed descriptions, interior and exterior photos, and locations on an interactive map before making a decision. Once you've found your ideal property, you can contact the developer or agency directly. We can help you buy real estate in Spain without any risks or additional hassles!