Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 9.59
Mortgage as Percentage of Income: 65.52%
Loan Affordability Index: 1.53
Price to Rent Ratio - City Centre: 19.43
Price to Rent Ratio - Outside of Centre: 16.34
Gross Rental Yield (City Centre): 5.15%
Gross Rental Yield (Outside of Centre): 6.12%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,348.94 € 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 973.91 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,287.88 € 1,800.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,631.52 € 1,200.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 517.44 € 371.61-674.66
Price per Square Feet to Buy Apartment Outside of Centre 312.52 € 204.38-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,329.46 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.29 1.48-4.00

These data are based on 544 entries in the past 18 months from 82 different contributors.
Last update: July 2024

Sources and References
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