Frequently Asked Questions

In central Madrid, the most exclusive areas are the Salamanca District (Recoletos, Goya, Lista, Castellana), Chamberí (Almagro, Trafalgar, Ríos Rosas), Jerónimos, Justicia and the Retiro surroundings.

Salamanca offers stately architecture and premium services, Chamberí combines residential living with urban charm, and Jerónimos stands out for its proximity to Retiro Park and the art triangle.

For those seeking a quieter, more private lifestyle without compromising on quality, areas such as La Moraleja, La Finca and Aravaca embody the essence of understated luxury: spacious plots, private security, natural surroundings and a serenity that is hard to find in the city centre.

These are ideal locations for families who value space, privacy and a life immersed in nature just minutes from Madrid.

Premium property prices in Madrid vary by area, condition and features.

In the Salamanca District, prices range from €5,000 to €12,000/m², potentially exceeding €15,000/m² in exceptional locations with terraces or views. In Chamberí, values sit between €4,500 and €9,000/m².

The average transaction in the premium segment falls between €600,000 and €3,000,000.

For buyers residing in Spain, the process is straightforward. Once a property is selected, a reservation contract (contrato de arras) is signed with a deposit typically of 10% of the price.

Over the following weeks, legal due diligence is carried out (checking for encumbrances, obtaining a Land Registry certificate) along with technical checks.

Finally, the public deed is signed before a notary and registered at the Land Registry. If the purchase is financed with a mortgage, the bank conducts its own valuation which may extend the timeline by a few weeks.

The entire process usually takes 4 to 8 weeks from offer acceptance. Taxes for resale properties in Madrid include Transfer Tax (ITP) at 6%, plus notary, registry and administrative fees of approximately 1% to 1.5%.

Foreign nationals can purchase property in Spain without restrictions. The first step is obtaining a NIE (Foreigner Identification Number), which is essential for any transaction. It can be arranged at police stations in Spain or at Spanish consulates abroad.

You will also need to open a bank account with a Spanish bank. From there, the process is similar to that of a resident: reservation contract, due diligence and signing before a notary.

For buyers who are not tax residents in Spain, income tax withholding rules differ, so specialised tax advice is recommended.

Additionally, real estate investments of €500,000 or more qualify for the Golden Visa, a residence permit that allows you to live and travel freely across the European Union.

For resale properties, the buyer pays Transfer Tax (ITP), which in the Community of Madrid is 6% of the deeded price.

For new builds, 10% VAT applies plus Stamp Duty (AJD) of 0.75%.

Additionally, notary, registry and administrative fees typically amount to an extra 1% to 1.5%.

For non-resident buyers, there are specific tax considerations such as a 3% withholding on the sale price that non-resident sellers must account for, so we always recommend professional tax advice.

Altium Properties specialises exclusively in Madrid's premium segment. Our market knowledge is based on actual closed transactions, not portal estimates.

We offer personalised service, absolute discretion and access to properties that never appear on public listings.

We accompany clients throughout the entire process: from the first viewing to signing at the notary.

In the luxury segment, the average selling time with a market-adjusted price is 3 to 6 months.

This timeframe can be shortened if the property is well presented, competitively priced and marketed through specialised channels with access to qualified buyers.

Pre-sale preparation (home staging, professional photography, documentation) is key to reducing timescales.

Madrid is one of the European capitals with the strongest outlook in the luxury property market. The city combines economic stability, quality of life, world-class gastronomy and an exceptional cultural offering.

Prime neighbourhoods have shown sustained appreciation in recent years and international demand continues to grow, particularly from Latin American, European and Middle Eastern buyers.

Yes, we manage premium property rentals in Madrid's finest areas.

We handle tenant selection, contract negotiation and oversight throughout the lease term.

We work with both owners looking to maximise their investment returns and with executives, diplomats and families seeking high-end temporary accommodation.

To sell a property in Madrid you need: the title deed, an updated Land Registry certificate (nota simple), the energy performance certificate (mandatory), the latest council tax (IBI) receipt, a certificate from the homeowners' association confirming payments are up to date, and the habitability certificate where applicable.

At Altium Properties, we manage and verify all this documentation for you.