Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 11.62
Mortgage as Percentage of Income: 73.74%
Loan Affordability Index: 1.36
Price to Rent Ratio - City Centre: 24.62
Price to Rent Ratio - Outside of Centre: 22.02
Gross Rental Yield (City Centre): 4.06%
Gross Rental Yield (Outside of Centre): 4.54%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,034.15 € 800.00-1,300.00
Apartment (1 bedroom) Outside of Centre 789.06 € 635.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,763.47 € 1,400.00-2,400.00
Apartment (3 bedrooms) Outside of Centre 1,271.88 € 1,000.00-1,650.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 503.84 € 371.61-650.32
Price per Square Feet to Buy Apartment Outside of Centre 335.68 € 260.13-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,945.02 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.48 1.20-3.50

These data are based on 473 entries in the past 18 months from 75 different contributors.
Last update: March 2023

Sources and References
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