Madrid Real Estate: Apartments and Commercial Units

Salamanca is the classic upscale district with luxury retail, Chamberí has elegant older buildings and good restaurants, Retiro borders the park, and Chamartín is a business-friendly neighbourhood. Malasaña and Lavapiés are younger and more central, while Arganzuela and Usera are more affordable.

Metro, suburban rail and the airport connect quickly. Buyers are professionals, investors in prime rentals and families. For coastal alternatives see Marbella and Alicante, or compare Barcelona for the other major city market.

You need an NIE (foreigner's tax ID) and a Spanish bank account. Resale purchases in the Madrid region carry transfer tax (ITP) of about 6%, while new builds attract VAT of 10% plus stamp duty, and notary and registry fees follow. Spain ended its property-based golden visa in 2025, so do not rely on that route.

Check for community debts and the energy certificate. Our Spain buying guide walks you through the steps, Spanish mortgages for non-residents explain lending, and the Spain page lists regions.