Can foreigners buy property in Madrid (city)?

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 a property in Madrid (city)?

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 a property in Spain?

Yes. You will want a bank account in Spain once you have bought your Spanish property. 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.

Property for Sale in Madrid (city), Buy Real Estate from 252,000€

Order by:

price low to highlow to highprice high to lowhigh to lownewest firstnew

Townhouse with private garden, in complex with swimming pool, Madrid, Spain for 995,000 €

Townhouse with private garden, in complex with swimming pool, Madrid, Spain

995,000 €

£837,000

Total area 179 m²Land area: 65 m²4 bedrooms2 bathrooms

Renovated townhouse with terrace, Madrid, Spain for 1,060,000 €

Renovated townhouse with terrace, Madrid, Spain

1,060,000 €

£892,000

Land area: 200 m²4 bedrooms3 bathrooms

Sea view

Аpartments with views of the sea, mountains and golf course, Costa del Sol

From 380,000 €

Swimming pool Underground parking Golf course Private garden Terrace

Apartment in an apartment complex with gym and concierge, Madrid for 585,000 €

With balcony/terrace

Apartment in an apartment complex with gym and concierge, Madrid

585,000 €

£492,000

Total area 100 m²3 bedrooms2 bathrooms

Duplex townhouse in a complex with swimming pools and sports grounds, Madrid, Spain for 1,100,000 €

Duplex townhouse in a complex with swimming pools and sports grounds, Madrid, Spain

1,100,000 €

£926,000

Total area 180 m²4 bedrooms3 bathrooms

Renovated penthouse in a prestigious area of Madrid, Spain for 1,350,000 €

With balcony/terrace

Renovated penthouse in a prestigious area of Madrid, Spain

1,350,000 €

£1,136,000

Total area 165 m²3 bedrooms3 bathrooms

New flat with designer furniture, Madrid, Spain for 879,000 €

With balcony/terrace

New flat with designer furniture, Madrid, Spain

879,000 €

£740,000

Total area 83 m²2 bedrooms2 bathrooms

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

Renovated flat with designer furniture, Madrid, Spain for 849,000 €

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

849,000 €

£714,000

Total area 89 m²3 bedrooms3 bathrooms

Renovated flat with designer furniture, Madrid, Spain for 919,000 €

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

919,000 €

£773,000

Total area 96 m²3 bedrooms3 bathrooms

Renovated flat in the centre of Madrid, Spain for 699,000 €

With balcony/terrace

Renovated flat in the centre of Madrid, Spain

699,000 €

£588,000

Total area 77 m²2 bedrooms2 bathrooms

Flat with designer furniture in a lively central area, Madrid, Spain for 749,000 €

With balcony/terrace

Flat with designer furniture in a lively central area, Madrid, Spain

749,000 €

£630,000

Total area 93 m²2 bedrooms2 bathrooms

Renovated flat with designer furniture, Madrid, Spain for 689,000 €

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

689,000 €

£580,000

Total area 91 m²2 bedrooms2 bathrooms

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

919,000 €

£773,000

Total area 90 m²3 bedrooms3 bathrooms

Villa with swimming pools and sports grounds, Alicante for 2,160,000 €

With swimming pool

Villa with swimming pools and sports grounds, Alicante

2,160,000 €

£1,817,000

Total area 441 m²Land area: 900 m²5 bedrooms4 bathrooms

New flat with designer furniture and appliances, Madrid, Spain for 1,985,000 €

With balcony/terrace

New flat with designer furniture and appliances, Madrid, Spain

1,985,000 €

£1,670,000

Total area 200 m²3 bedrooms4 bathrooms

New flat with designer furniture, Madrid, Spain for 1,449,000 €

With balcony/terrace

New flat with designer furniture, Madrid, Spain

1,449,000 €

£1,219,000

Total area 186 m²3 bedrooms3 bathrooms

Renovated flat with designer furniture, Madrid, Spain for 999,000 €

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

999,000 €

£841,000

Total area 91 m²3 bedrooms3 bathrooms

Renovated flat with designer furniture, Madrid, Spain for 1,199,000 €

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

1,199,000 €

£1,009,000

Total area 125 m²3 bedrooms3 bathrooms

Renovated flat in the tourist and cultural area of Madrid, Spain for 1,119,000 €

With balcony/terrace

Renovated flat in the tourist and cultural area of Madrid, Spain

1,119,000 €

£941,000

Total area 136 m²3 bedrooms3 bathrooms

Renovated flat in a lively area of Madrid, Spain for 899,000 €

With balcony/terrace

Renovated flat in a lively area of Madrid, Spain

899,000 €

£756,000

Total area 88 m²2 bedrooms2 bathrooms

Furnished flat in a modern building, Madrid, Spain for 895,000 €

With balcony/terrace

Furnished flat in a modern building, Madrid, Spain

895,000 €

£753,000

Total area 146 m²3 bedrooms2 bathrooms

Renovated apartment in the centre of Madrid, next to Plaza San Idelfonso, Spain for 629,000 €

With balcony/terrace

Renovated apartment in the centre of Madrid, next to Plaza San Idelfonso, Spain

629,000 €

£529,000

Total area 74 m²2 bedrooms2 bathrooms

Renovated flat near metro, Madrid, Spain for 989,000 €

With balcony/terrace

Renovated flat near metro, Madrid, Spain

989,000 €

£832,000

Total area 131 m²2 bedrooms2 bathrooms

Flat with two balconies, furnished and equipped, Madrid, Spain for 950,000 €

With balcony/terrace

Flat with two balconies, furnished and equipped, Madrid, Spain

950,000 €

£799,000

Total area 120 m²3 bedrooms3 bathrooms

Renovated flat with balconies, Madrid, Spain for 1,050,000 €

With balcony/terrace

Renovated flat with balconies, Madrid, Spain

1,050,000 €

£883,000

Total area 105 m²3 bedrooms2 bathrooms

Renovated flat with designer furniture, Madrid, Spain for 890,000 €

With balcony/terrace

Renovated flat with designer furniture, Madrid, Spain

890,000 €

£749,000

Total area 97 m²3 bedrooms3 bathrooms

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Tranio’s client cases

All cases

25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...
17 July 2015
Owning property in Spain: a British perspective
Steve, an English expat in Moscow, Russia, bought a flat in Spain. Two years on, we asked him for the British perspective on Spain’s real estate, buyer’s remorse and bureaucracy.
24 January 2024
Tranio’s client experience: buying a second home on the Costa Blanca
Spanish real estate has consistently been in high demand in the past few decades.
02 September 2016
The quest for the Golden Visa: a Tranio.com client on buying a flat in Estepona, Spain
Tranio.com’s client describes buying a Spanish property to obtain a Golden Visa residence permit.
15 January 2016
Risk-free transaction: this Tranio client bought a foreclosed flat in Marbella
This buyer chose a foreclosed flat in Spain’s upmarket Marbella. She tells us why she decided on this property that didn’t even make it to her shortlist.
12 September 2015
Profitable pleasure: two months rent covers Tranio buyer’s yearly costs
Dmitry, an entrepreneur from Moscow, bought a holiday home in Alicante on the Costa Blanca in 2014 with Tranio. One year later, we met with him to see how things were going.
10 September 2015
Keeping it in the family: three sisters buy a flat in Torrevieja
It's easier to buy property abroad when your family is behind you. This is how three sisters in their early sixties, Irina and Marina and Irina bought a holiday home in Torrevieja.
25 August 2015
Golden visas and marinas: yacht-aficionado buys luxury villa in Spain
Eugene, chief executive of a major Russian company, first considered buying property abroad when he took up yachting. We talked to him after he bought a villa in Catalonia near a marina.
28 February 2025
The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
Cyprus is one of the most sought-after destinations for tax optimisation, offering a transparent legal framework, full EU membership, and attractive conditions for foreign investors.
28 February 2025
The Final Lap: Returns Secured by Investors in The Community, Motor City
In October 2022, Tranio proudly unveiled a co-investment opportunity in The Community, a residential development in Motor City. This exclusive proposition invited discerning partners and clients to engage at the project’s...

What they say about Tranio

All reviews

First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
Original letter

Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
Original letter

Z. Farkas, Mundial AG
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

Quality Villas

Property for sale in Madrid (city)