Can foreigners buy houses 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 house 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 house in Spain?

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

4 Houses for Sale in Madrid (city), Buy Villa from 1,019,000 €

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4-bedroom villa 156 m² in Madrid (city)

Madrid (city), Madrid, Spain

2,319,000 €

Total area 156 m² · 4 bedrooms · 4 bathrooms

2-bedroom villa 64 m² in Madrid (city)

Madrid (city), Madrid, Spain

1,019,000 €

Total area 64 m² · 2 bedrooms · 2 bathrooms

With swimming pool

Furnished classical-style villa with a swimming pool, a spa area and a garden, Madrid, Spain

Madrid (city), Madrid, Spain

4,450,000 €

Total area 2,160 m² · Land area: 3,304 m² · 6 bedrooms · 8 bathrooms

With swimming pool

Two-storey villa with pool, garden and garage in the Chamartin area of Madrid, Spain

Madrid (city), Madrid, Spain

3,950,000 €

Total area 385 m² · 7 bedrooms · 5 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

Similar facilities nearby

Residential complex

New villas with pools and beautiful views in Finestrat, Alicante, Spain

Finestrat, Valencia, Spain

From 710,000 €

Total 41 units available from the developer

Completion in: 2026.IV

Villas from 710,000 €

Residential complex

New residential complex of villas with swimming pools in San Javier, Murcia, Spain

San Javier, Murcia, Spain

From 480,000 €

Total 5 units available from the developer

Built in 2025

Villas from 480,000 €

With swimming pool

New 3-bedroom cottage, Torrevieja, Alicante, Spain

Torrevieja, Valencia, Spain

398,000 €

Total area 138 m² · 3 bedrooms · 2 bathrooms

Residential complex

New villas with pools and mountain views in Finestrat, Alicante, Spain

Finestrat, Valencia, Spain

From 485,000 €

Total 10 units available from the developer

Built in 2026

Villas from 485,000 €

With swimming pool

New three-storey villa with a pool, a barbecue area and a garden, Javea, Costa Blanca, Spain

Javea (Xabia), Valencia, Spain

2,150,000 €

Total area 275 m² · Land area: 1,240 m² · 3 bedrooms · 3 bathrooms

With swimming pool

Furnished villa with a pool, a spa, a wine cellar and sea views in El Madroñal, Malaga, Costa del Sol, Spain

El Madroñal, Malaga, Andalusia, Spain

7,000,000 €

Total area 869 m² · Land area: 3,035 m² · 6 bedrooms · 7 bathrooms

With swimming pool

Three-storey villa with a pool and views of the Sierra Blanca mountain, Puerto Banus, Malaga, Spain

Marbella, Andalusia, Spain

3,160,000 €

Total area 630 m² · Land area: 1,000 m² · 6 bedrooms · 5 bathrooms

With garden

9-bedroom villa 1,177 m² in Marbella

Marbella, Andalusia, Spain

8,250,000 €

Total area 1,177 m² · Land area: 7,881 m² · 9 bedrooms · 9 bathrooms

With swimming pool

5-bedroom villa 349 m² in Marbella

Marbella, Andalusia, Spain

1,330,000 €

Total area 349 m² · Land area: 526 m² · 5 bedrooms · 5 bathrooms

With balcony/terrace

3-bedroom house 500 m² in Marbella

Marbella, Andalusia, Spain

3,850,000 €

Total area 500 m² · 3 bedrooms · 3 bathrooms

With swimming pool

Renovated villa with a garden and a view of the sea in a residence with a swimming pool, Blanes, Spain

Blanes, Catalonia, Spain

1,950,000 €

Total area 408 m² · Land area: 1,132 m² · 4 bedrooms · 3 bathrooms

With swimming pool

5-bedroom villa 254 m² in Mijas

Mijas, Andalusia, Spain

1,760,000 €

Total area 254 m² · Land area: 600 m² · 5 bedrooms · 3 bathrooms

With garden

5-bedroom villa 407 m² in Marbella

Marbella, Andalusia, Spain

4,950,000 €

Total area 407 m² · Land area: 1,195 m² · 5 bedrooms · 5 bathrooms

With swimming pool

Three-storey villa with a swimming pool and a view of the sea, Lloret de Mar, Spain

Lloret de Mar, Catalonia, Spain

870,000 €

Total area 340 m² · Land area: 964 m² · 4 bedrooms · 4 bathrooms

With balcony/terrace

5-bedroom house 354 m² in Marbella

Marbella, Andalusia, Spain

3,995,000 €

Total area 354 m² · 5 bedrooms · 7 bathrooms

With garden

4-bedroom villa 294 m² in Marbella

Marbella, Andalusia, Spain

2,850,000 €

Total area 294 m² · Land area: 929 m² · 4 bedrooms · 4 bathrooms

With garden

5-bedroom villa 573 m² in Marbella

Marbella, Andalusia, Spain

6,495,000 €

Total area 573 m² · Land area: 2,616 m² · 5 bedrooms · 5 bathrooms

6-bedroom villa 467 m² in Marbella

Marbella, Andalusia, Spain

4,995,000 €

Total area 467 m² · Land area: 39,125 m² · 6 bedrooms · 6 bathrooms

10-bedroom villa 1,926 m² in Marbella

Marbella, Andalusia, Spain

12,000,000 €

Total area 1,926 m² · Land area: 5,827 m² · 10 bedrooms · 8 bathrooms

With garden

3-bedroom villa 315 m² in Marbella

Marbella, Andalusia, Spain

1,495,000 €

Total area 315 m² · Land area: 605 m² · 3 bedrooms · 3 bathrooms

With garden

10-bedroom villa 1,013 m² in Marbella

Marbella, Andalusia, Spain

6,600,000 €

Total area 1,013 m² · Land area: 5,000 m² · 10 bedrooms · 8 bathrooms

6-bedroom villa 771 m² in Marbella

Marbella, Andalusia, Spain

7,395,000 €

Total area 771 m² · Land area: 1,009 m² · 6 bedrooms · 7 bathrooms

With swimming pool

Four-level villa with a swimming pool, a garden and a garage in Pedralbes, Barcelona, Spain

Pedralbes, Barcelona, Catalonia, Spain

10,000,000 €

Total area 900 m² · Land area: 1,500 m² · 7 bedrooms · 8 bathrooms

With swimming pool

Designer villa with fantastic sea views and a pool in Benidorm, Alicante, Spain

Benidorm, Valencia, Spain

1,650,000 €

Total area 325 m² · Land area: 1,000 m² · 4 bedrooms · 4 bathrooms

With swimming pool

Furnished villa overlooking the yacht Port of Campomanes, Altea, Spain

Altea, Valencia, Spain

2,500,000 €

Total area 450 m² · Land area: 1,000 m² · 4 bedrooms · 4 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.
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...

Villas & houses for sale in Madrid (city)