Can foreigners buy apartments in Madrid?

Yes. There are no restrictions on buying property in Spain , whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident. You will require a financial number which can acquire by visiting a police station with your passport.

How do I buy an apartment in Madrid?

The process of buying a property in Spain usually runs as follows. First, the buyer makes an offer, usually through the seller's real estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price. Then the agent helps to organise property check and if there're no burdens or restrictions, a final sales contract is prepared.

Do I need a Spanish bank account to buy an apartment in Spain?

Yes. You will want a bank account in Spain once you have bought your apartment in Madrid. This will enable you to set up direct debits and standing orders to pay for your utilities and bills .

Can I get a mortgage in Spain?

Yes. Although to get a mortgage in Spain you need NIE (Número de Identificación de Extranjeros). If you're in Spain, you can start the NIE application process at any local police station. Outside of Spain, the best way to apply for an NIE is to contact your local Spanish consulate.

What is a Spanish residence permit?

A long-term residence permit allows you to stay in Spain indefinitely, working or otherwise, under the same conditions as Spanish citizens. You can apply for Spanish nationality after 10 years of residence in Spain.

How do I get a residence permit in Spain?

Dedending on type (for students, for investors, etc.) you can obtain Spanish residence permit at Foreigner’s Office in Spain or at Spanish Consulate in your country of residence.

How long does it take to get residency in Spain?

The terms are based on the type of the residence (for students, for investors, etc.). Some of them can be obtained in less than one month.

Can I get residency in Spain if I buy property?

Yes. If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe. The only challenge is the paperwork, and you must invest at least 500,000€.

How can I get permanent residency in Spain?

You can get permanent residency in Spain after 5 years of legal residence.

How long does it take to become a citizen in Spain?

The standard criteria for citizenship in Spain is 10 years of legal residence. There are reduced terms (1, 2 or 5 years) for residency based on naturalization, origin, option, etc.

Apartments for sale in Madrid - Buy flats in Madrid

Two-story duplex with parking in a building with pools, a garden and a gym, Madrid, Spain. Price on request

With balcony/terrace

Two-story duplex with parking in a building with pools, a garden and a gym, Madrid, Spain

Price on request

Total area 477 m²3 bedrooms4 bathrooms

477 m², 3 bedrooms, apartment

Madrid (city), Madrid, Spain

4 floor

Price on request

A two-story duplex is located on the third floor of the building and is accessible through the lobby with a 24-hour... Read more

Spacious apartment with parking in a castle with a private garden and a pool, Madrid, Spain for 5,200,000 €

With balcony/terrace

Spacious apartment with parking in a castle with a private garden and a pool, Madrid, Spain

5,200,000 €

£4,655,000

Total area 392 m²3 bedrooms4 bathrooms

392 m², 3 bedrooms, apartment

Madrid (city), Madrid, Spain

5,200,000 € 13,265 € per m²

A magnificent apartment is located in the old palace of Los Corsini of the early nineteenth century, one of the architectural... Read more

Off-plan property

New building in center of Barcelona with panoramic views, garden and pool

470,000 €

Estimated completion Q3 of 2018

Spacious apartment with a terrace in a house with an elevator, Madrid, Spain for 615,000 €

With balcony/terrace

Spacious apartment with a terrace in a house with an elevator, Madrid, Spain

615,000 €

£550,000

Total area 163 m²2 bedrooms2 bathrooms

163 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

5 floor

615,000 € 3,773 € per m²

A spacious 163 m² apartment is located on the fourth floor of the building. The apartment consists of a large entrance... Read more

Spacious duplex penthouse with a terrace in a house with a parking and a gym, Madrid, Spain for 2,605,000 €

With balcony/terrace

Spacious duplex penthouse with a terrace in a house with a parking and a gym, Madrid, Spain

2,605,000 €

£2,332,000

Total area 249 m²4 bedrooms4 bathrooms

249 m², 4 bedrooms, penthouse

Madrid (city), Madrid, Spain

2,605,000 € 10,461 € per m²

A spacious duplex penthouse located in an exclusive building in 1910, which has been carefully restored to preserve... Read more

Renovated apartment with a balcony, Madrid, Spain for 1,295,000 €

With balcony/terrace

Renovated apartment with a balcony, Madrid, Spain

1,295,000 €

£1,159,000

Total area 214 m²4 bedrooms4 bathrooms

214 m², 4 bedrooms, apartment

Madrid (city), Madrid, Spain

1,295,000 € 6,051 € per m²

An apartment is completely renovated and is located in the Barrio de las Letras district of Madrid. The apartment has... Read more

Spacious furnished apartment with a terrace, Madrid, Spain for 1,290,000 €

With balcony/terrace

Spacious furnished apartment with a terrace, Madrid, Spain

1,290,000 €

£1,155,000

Total area 101 m²2 bedrooms2 bathrooms

101 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

7 floor

1,290,000 € 12,772 € per m²

A bright apartment in one of the most emblematic areas of Madrid, on Gran Via, a few steps from Puerta del Sol, in a magnificent... Read more

Spacious apartment with balconies in the city center, Madrid, Spain for 1,590,000 €

With balcony/terrace

Spacious apartment with balconies in the city center, Madrid, Spain

1,590,000 €

£1,423,000

Total area 288 m²3 bedrooms4 bathrooms

288 m², 3 bedrooms, apartment

Madrid (city), Madrid, Spain

1,590,000 € 5,520 € per m²

An apartment is completely renovated and is located in the center of Madrid, in a building built in 1900, in which... Read more

With balcony/terrace

Spacious apartment with balconies in the city center, Madrid, Spain

1,590,000 €

£1,423,000

Total area 196 m²2 bedrooms2 bathrooms

196 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

1,590,000 € 8,112 € per m²

A spacious apartment in the center of Madrid is part of the 17th-century Anglo-American palace in neoclassical style... Read more

Spacious apartment with a garage and terraces, Madrid, Spain for 4,200,000 €

With balcony/terrace

Spacious apartment with a garage and terraces, Madrid, Spain

4,200,000 €

£3,759,000

Total area 504 m²5 bedrooms5 bathrooms

504 m², 5 bedrooms, apartment

Madrid (city), Madrid, Spain

4,200,000 € 8,333 € per m²

An excellent apartment in a quiet area of La Castellana, in the center of Madrid, in an outstanding seven-story building... Read more

Cozy apartment with balconies in a palace with a garden, a pool and a garage, Madrid, Spain for 950,000 €

With balcony/terrace

Cozy apartment with balconies in a palace with a garden, a pool and a garage, Madrid, Spain

950,000 €

£850,000

Total area 83 m²2 bedrooms2 bathrooms

83 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

950,000 € 11,445 € per m²

A cozy apartment is located in the famous palace of the beginning of the XIX century in the Madrid district of Las... Read more

Spacious apartment with a parking and a terrace, Madrid, Spain for 2,200,000 €

With balcony/terrace

Spacious apartment with a parking and a terrace, Madrid, Spain

2,200,000 €

£1,969,000

Total area 247 m²2 bedrooms3 bathrooms

247 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

2,200,000 € 8,906 € per m²

A spectacular apartment with large windows and a parking space is completely renovated and is located on one of the most... Read more

Renovated apartment with a parking and a terrace, Madrid, Spain for 2,300,000 €

With balcony/terrace

Renovated apartment with a parking and a terrace, Madrid, Spain

2,300,000 €

£2,059,000

Total area 306 m²3 bedrooms4 bathrooms

306 m², 3 bedrooms, apartment

Madrid (city), Madrid, Spain

2,300,000 € 7,516 € per m²

Renovated with luxurious design and quality, this apartment has a terrace overlooking Retiro Park, which is considered... Read more

Spacious apartment with a garage in a house with a garden, Madrid, Spain for 1,400,000 €

Garden view

Spacious apartment with a garage in a house with a garden, Madrid, Spain

1,400,000 €

£1,253,000

Total area 200 m²5 bedrooms4 bathrooms

200 m², 5 bedrooms, apartment

Madrid (city), Madrid, Spain

1,400,000 € 7,000 € per m²

A spacious apartment with a new renovation and luxurious decoration in Chambery, in a magnificent urbanization with... Read more

Spacious apartment with terraces and a parking in a house with a garden and an elevator, Madrid, Spain for 1,850,000 €

With balcony/terrace

Spacious apartment with terraces and a parking in a house with a garden and an elevator, Madrid, Spain

1,850,000 €

£1,656,000

Total area 278 m²4 bedrooms5 bathrooms

278 m², 4 bedrooms, apartment

Madrid (city), Madrid, Spain

1,850,000 € 6,654 € per m²

A magnificent apartment located on Velazquez street, in the El Viso area, in a house with a concierge, an elevator... Read more

Spacious duplex penthouse with a terrace in a house with a golf course, Madrid, Spain for 3,950,000 €

With balcony/terrace

Spacious duplex penthouse with a terrace in a house with a golf course, Madrid, Spain

3,950,000 €

£3,536,000

Total area 650 m²6 bedrooms6 bathrooms

650 m², 6 bedrooms, penthouse

Madrid (city), Madrid, Spain

3,950,000 € 6,076 € per m²

A bright duplex penthouse in the Chambery area. This is the top floor of a classic building of the early twentieth... Read more

Exclusive penthouse with a terrace in a house with a garage and an elevator, Madrid, Spain for 1,600,000 €

With balcony/terrace

Exclusive penthouse with a terrace in a house with a garage and an elevator, Madrid, Spain

1,600,000 €

£1,432,000

Total area 119 m²1 bedroom1 bathroom

119 m², 1 bedroom, penthouse

Madrid (city), Madrid, Spain

1,600,000 € 13,445 € per m²

An exclusive penthouse with unrivaled views of the center of Madrid and the Sierra has a terrace of about 20 m², which... Read more

Design apartment with a terrace in a house with an elevator, Madrid, Spain for 1,300,000 €

With balcony/terrace

Design apartment with a terrace in a house with an elevator, Madrid, Spain

1,300,000 €

£1,164,000

Total area 215 m²2 bedrooms2 bathrooms

215 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

1,300,000 € 6,046 € per m²

A magnificent designer apartment in the center of Madrid in a building with an elevator designed and renovated by prestigious... Read more

Spacious apartment with a terrace in a house with a parking, Madrid, Spain for 900,000 €

With balcony/terrace

Spacious apartment with a terrace in a house with a parking, Madrid, Spain

900,000 €

£806,000

Total area 122 m²3 bedrooms2 bathrooms

122 m², 3 bedrooms, apartment

Madrid (city), Madrid, Spain

900,000 € 7,377 € per m²

An apartment in a modern residential complex of eighteen houses with garages in the vicinity of Trafalgar, right in the center... Read more

Spacious apartment with balconies in the city center, Madrid, Spain for 1,500,000 €

With balcony/terrace

Spacious apartment with balconies in the city center, Madrid, Spain

1,500,000 €

£1,343,000

Total area 147 m²2 bedrooms2 bathrooms

147 m², 2 bedrooms, apartment

Madrid (city), Madrid, Spain

1,500,000 € 10,204 € per m²

A bright apartment in a classic building of the early twentieth century has been recently renovated and includes a storage... Read more

Spacious penthouse with a terrace and a parking, Madrid, Spain for 850,000 €

With balcony/terrace

Spacious penthouse with a terrace and a parking, Madrid, Spain

850,000 €

£761,000

Total area 142 m²4 bedrooms2 bathrooms

142 m², 4 bedrooms, penthouse

Madrid (city), Madrid, Spain

850,000 € 5,985 € per m²

A penthouse in the historic building of Madrid has a parking space, which is not included in the price. The apartment... Read more

Newly renovated apartment with a terrace and a garage, Madrid, Spain for 1,795,000 €

With balcony/terrace

Newly renovated apartment with a terrace and a garage, Madrid, Spain

1,795,000 €

£1,607,000

Total area 225 m²4 bedrooms4 bathrooms

225 m², 4 bedrooms, apartment

Madrid (city), Madrid, Spain

1,795,000 € 7,977 € per m²

A newly renovated apartment using excellent materials has a garage in the same building with direct access and a pantry... Read more

Cozy apartment with a terrace in a house with a parking, Madrid, Spain for 460,000 €

With balcony/terrace

Cozy apartment with a terrace in a house with a parking, Madrid, Spain

460,000 €

£412,000

Total area 65 m²1 bedroom1 bathroom

65 m², 1 bedroom, apartment

Madrid (city), Madrid, Spain

460,000 € 7,076 € per m²

An apartment in a modern residential complex of eighteen houses with garages in the vicinity of Trafalgar, right in the center... Read more

Cozy apartment with a terrace in a house with a parking, Madrid, Spain for 400,000 €

With balcony/terrace

Cozy apartment with a terrace in a house with a parking, Madrid, Spain

400,000 €

£358,000

Total area 57 m²1 bedroom1 bathroom

57 m², 1 bedroom, apartment

Madrid (city), Madrid, Spain

400,000 € 7,017 € per m²

An apartment in a modern residential complex of eighteen houses with garages in the vicinity of Trafalgar, right in the center... Read more

Spacious apartment with a terrace in a historic building with elevators, Madrid, Spain for 7,000,000 €

With balcony/terrace

Spacious apartment with a terrace in a historic building with elevators, Madrid, Spain

7,000,000 €

£6,266,000

Total area 498 m²5 bedrooms4 bathrooms

498 m², 5 bedrooms, apartment

Madrid (city), Madrid, Spain

7,000,000 € 14,056 € per m²

This magnificent apartment is located in the historic district of Salamanca and in one of the most iconic historical... Read more

Exclusive penthouse with a terrace, Madrid, Spain for 1,450,000 €

With balcony/terrace

Exclusive penthouse with a terrace, Madrid, Spain

1,450,000 €

£1,298,000

Total area 182 m²3 bedrooms2 bathrooms

182 m², 3 bedrooms, penthouse

Madrid (city), Madrid, Spain

1,450,000 € 7,967 € per m²

An exclusive penthouse of 160 m² with a terrace of 22 m² is located in a house that combines aesthetic, harmonious... Read more

Apartments for sale in Madrid

Discounted apartments and new-builds upon request

FAQ about Madrid