Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 13.34
Mortgage as Percentage of Income: 93.16%
Loan Affordability Index: 1.07
Price to Rent Ratio - City Centre: 23.05
Price to Rent Ratio - Outside of Centre: 19.28
Gross Rental Yield (City Centre): 4.34%
Gross Rental Yield (Outside of Centre): 5.19%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,337.62 € 1,050.00-1,700.00
Apartment (1 bedroom) Outside of Centre 975.24 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,324.32 € 1,800.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 1,553.66 € 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 615.29 € 510.96-929.02
Price per Square Feet to Buy Apartment Outside of Centre 361.50 € 278.71-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,970.51 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.54 2.40-4.50

These data are based on 448 entries from 72 contributors over the past 18 months.
Last update: April 2025

Sources and References
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