Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 7.09
Mortgage as Percentage of Income: 45.04%
Loan Affordability Index: 2.22
Price to Rent Ratio - City Centre: 16.68
Price to Rent Ratio - Outside of Centre: 13.34
Gross Rental Yield (City Centre): 5.99%
Gross Rental Yield (Outside of Centre): 7.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,240.47 € 900.00-1,700.00
Apartment (1 bedroom) Outside of Centre 897.60 € 700.00-1,250.00
Apartment (3 bedrooms) in City Centre 2,137.50 € 1,400.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,531.91 € 1,000.00-2,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 411.40 € 278.71-603.86
Price per Square Feet to Buy Apartment Outside of Centre 237.06 € 185.80-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,460.23 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.49 1.22-4.00

These data are based on 611 entries in the past 18 months from 92 different contributors.
Last update: May 2024

Sources and References
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