Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 7.09
Mortgage as Percentage of Income: 45.19%
Loan Affordability Index: 2.21
Price to Rent Ratio - City Centre: 16.85
Price to Rent Ratio - Outside of Centre: 13.58
Gross Rental Yield (City Centre): 5.94%
Gross Rental Yield (Outside of Centre): 7.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,195.38 € 900.00-1,600.00
Apartment (1 bedroom) Outside of Centre 874.02 € 650.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,088.68 € 1,400.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,472.55 € 950.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 402.79 € 288.00-557.41
Price per Square Feet to Buy Apartment Outside of Centre 233.67 € 185.80-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,416.12 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.53 1.22-4.00

These data are based on 606 entries in the past 18 months from 84 different contributors.
Last update: April 2024

Sources and References
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