Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 11.24
Mortgage as Percentage of Income: 78.78%
Loan Affordability Index: 1.27
Price to Rent Ratio - City Centre: 20.96
Price to Rent Ratio - Outside of Centre: 18.20
Gross Rental Yield (City Centre): 4.77%
Gross Rental Yield (Outside of Centre): 5.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,392.60 € 1,100.00-1,800.00
Apartment (1 bedroom) Outside of Centre 984.67 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,331.96 € 1,800.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,577.78 € 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 573.08 € 464.51-748.51
Price per Square Feet to Buy Apartment Outside of Centre 345.29 € 260.13-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,199.07 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.58 2.53-4.50

These data are based on 508 entries in the past 18 months from 93 different contributors.
Last update: December 2024

Sources and References
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