Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 13.44
Mortgage as Percentage of Income: 93.91%
Loan Affordability Index: 1.06
Price to Rent Ratio - City Centre: 23.35
Price to Rent Ratio - Outside of Centre: 19.67
Gross Rental Yield (City Centre): 4.28%
Gross Rental Yield (Outside of Centre): 5.08%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,312.43 € 1,050.00-1,700.00
Apartment (1 bedroom) Outside of Centre 971.14 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,318.42 € 1,800.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 1,562.62 € 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 615.96 € 510.96-929.02
Price per Square Feet to Buy Apartment Outside of Centre 368.74 € 269.42-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,972.17 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.55 2.39-4.50

These data are based on 435 entries from 67 contributors over the past 18 months.
Last update: May 2025

Sources and References
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