Can foreigners buy apartments 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 an apartment 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 an apartment in Spain?

Yes. You will want a bank account in Spain once you have bought your apartment in Madrid (city). 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. When buying a property, you can get a residence permit in Spain, which will allow you to legally reside in the country. At the moment, the most suitable program for obtaining a Spanish residence permit is a Non-Lucrative residence visa in Spain . The main requirement of the program is to provide sufficient financial guarantees, as well as the availability of housing in Spain. Until 2025, investors had the opportunity to apply for a golden visa to Spain when buying real estate starting from 500 thousand euros, and the program has been officially closed since April 2025.

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.

145 Apartments for Sale in Madrid (city), Buy Flat from 510,000 €

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Furnished

Two-bedroom new furnished apartment in Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

1,433,000 €

Total area 133 m² · 2 bedrooms · 2 bathrooms

Furnished

Spacious fully equipped apartment in Salamanca area, Madrid, Spain

Madrid (city), Madrid, Spain

1,299,000 €

Total area 101 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

Turnkey two-bedroom apartment in Retiro district, Madrid, Spain

Madrid (city), Madrid, Spain

1,309,000 €

Total area 78 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Furnished three-bedroom apartment in Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

1,839,000 €

Total area 163 m² · 3 bedrooms · 3 bathrooms

Furnished

Modern furnished apartment in Sol district, Madrid, Spain

Madrid (city), Madrid, Spain

725,000 €

Total area 113 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

Renovated and furnished apartment in Salamanca area, Madrid, Spain

Madrid (city), Madrid, Spain

1,809,000 €

Total area 144 m² · 3 bedrooms · 3 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

Residence Permit in Europe for Living, Travelling, and Capital Freedom

We will find the right programme, property, negotiate favourable terms, and support the transaction

Discuss Options

With balcony/terrace

Spacious renovated apartment in the center of Madrid, Spain

Madrid (city), Madrid, Spain

1,250,000 €

Total area 170 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

Turnkey duplex apartment in a historic building, Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

1,349,000 €

Total area 120 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Exclusive furnished apartment in Salamanca area, Madrid, Spain

Madrid (city), Madrid, Spain

1,999,000 €

Total area 189 m² · 3 bedrooms · 3 bathrooms

Furnished

Furnished two-bedroom apartment in Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

1,309,000 €

Total area 92 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Three-bedroom apartment in a building with a parking, Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

1,995,000 €

Total area 163 m² · 3 bedrooms · 3 bathrooms

Furnished

Renovated and furnished apartment near Retiro Park, Madrid, Spain

Madrid (city), Madrid, Spain

1,500,000 €

Total area 150 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

Furnished and renovated apartment with views of Retiro Park, Madrid, Spain

Madrid (city), Madrid, Spain

1,975,000 €

Total area 122 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

Sunny two-bedroom apartment in the Salamanca district of Madrid, Spain

Madrid (city), Madrid, Spain

1,500,000 €

Total area 88 m² · 2 bedrooms · 2 bathrooms

Renovated apartment in the Salamanca district of Madrid, Spain

Madrid (city), Madrid, Spain

1,950,000 €

Total area 135 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

Stylish three-bedroom apartment in the Goya district of Madrid, Spain

Madrid (city), Madrid, Spain

2,300,000 €

Total area 189 m² · 3 bedrooms · 4 bathrooms

With balcony/terrace

Two-bedroom apartment in the Chamberí district of Madrid, Spain

Madrid (city), Madrid, Spain

1,290,000 €

Total area 139 m² · 2 bedrooms · 2 bathrooms

Modern furnished apartment next to a park in Madrid, Spain

Madrid (city), Madrid, Spain

1,525,000 €

Total area 170 m² · 3 bedrooms · 3 bathrooms

Furnished

Two-bedroom furnished apartment in the Salamanca district of Madrid, Spain

Madrid (city), Madrid, Spain

1,200,000 €

Total area 89 m² · 2 bedrooms · 2 bathrooms

Furnished

Designer renovated apartment in El Viso, Madrid, Spain

Madrid (city), Madrid, Spain

595,000 €

Total area 61 m² · 1 bedroom · 1 bathroom

With balcony/terrace

Spectacular penthouse with a terrace in Barrio Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

2,599,000 €

Total area 140 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Renovated three-bedroom penthouse in Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

1,650,000 €

Total area 157 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

Renovated three-bedroom apartment near Retiro Park, Madrid, Spain

Madrid (city), Madrid, Spain

2,200,000 €

Total area 182 m² · 3 bedrooms · 4 bathrooms

With balcony/terrace

Three-bedroom apartment with a beautiful view, Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

2,400,000 €

Total area 163 m² · 3 bedrooms · 4 bathrooms

With balcony/terrace

Modern three-bedroom apartment in Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

2,000,000 €

Total area 192 m² · 3 bedrooms · 3 bathrooms

1-25 of 145 listings, page 1 of 6

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.
18 March 2026
Turnkey EU Residence Permit: How a Family Bought an Apartment in Tranio’s Filosofia Project and Received a Greek...
In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
29 July 2025
From Old Office to Modern Apartment: Securing Property and a Greek Residence Permit in Five Months under the...
Once again, a Tranio client has chosen Greece Golden Visa programme as the most affordable European residency option through real estate investment. The programme was revised in 2024. Now, the most accessible route is through...

Apartments for sale in Madrid (city)