Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 7.98
Mortgage as Percentage of Income: 51.43%
Loan Affordability Index: 1.94
Price to Rent Ratio - City Centre: 16.94
Price to Rent Ratio - Outside of Centre: 13.83
Gross Rental Yield (City Centre): 5.90%
Gross Rental Yield (Outside of Centre): 7.23%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,205.56 € 900.00-1,600.00
Apartment (1 bedroom) Outside of Centre 880.00 € 650.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,140.22 € 1,600.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,465.80 € 900.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 411.40 € 306.58-557.41
Price per Square Feet to Buy Apartment Outside of Centre 238.41 € 185.80-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,191.87 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.65 1.21-4.00

These data are based on 535 entries in the past 18 months from 85 different contributors.
Last update: February 2024

Sources and References
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