Buying a home in Madrid? You're in the right place
Real asking prices for all 21 districts, the taxes you pay on top, and the steps from first offer to the notary. Independent, in plain English.
What my budget buys Work out the taxesWhat your budget buys, district by district
Move the slider. Each bar is the floor space your money buys at that district's average asking price, after setting aside the 6% resale tax.
Price is only part of the bill
On a resale flat you pay 6% transfer tax to the Comunidad de Madrid, charged on the price or the Catastro reference value, whichever is higher. A new home from the developer pays 10% VAT plus 0.75% stamp duty instead.
There's a 10% discount on the tax for a main home up to €250,000, a 4% rate for large families, and a 3% withholding when the seller lives abroad. The calculator handles all of it.
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Three pages that answer most of the questions people ask before they fly in to view flats.
Questions people ask first
Can a foreigner buy a home in Madrid?
Yes, foreign buyers can buy a home in Madrid. You need an NIE (foreigner identity number) to sign the deed and pay the taxes, and a Spanish bank account makes paying the taxes and bills much easier.
Is there still a golden visa for buying property?
No. Spain ended residence by investment, including the €500,000 property route, on 3 April 2025 (Ley Orgánica 1/2025). Buying a home no longer gives you a residence permit by itself.
How much tax do I pay on a resale flat in Madrid?
Transfer tax (ITP) of 6% in the Comunidad de Madrid, on the price or the Catastro reference value if that is higher. A main home up to €250,000 gets a 10% discount on the tax, and large families pay 4% on their main home.
What does a new-build home cost in tax?
10% VAT on the price, paid to the developer, plus 0.75% stamp duty (AJD) on the deed. Officially protected homes of the special regime pay 4% VAT.
Which districts are cheapest?
By asking price per m² in September 2026: Villaverde, Puente de Vallecas, Usera, Carabanchel and Villa de Vallecas. They are also the districts where prices rose fastest over the year.
Not sure where to start?
Tell us your budget, how you'll use the home and where you'll work. We reply with the districts worth a look and the questions to ask before you sign anything.
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