Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 11.74
Mortgage as Percentage of Income: 82.26%
Loan Affordability Index: 1.22
Price to Rent Ratio - City Centre: 22.29
Price to Rent Ratio - Outside of Centre: 19.00
Gross Rental Yield (City Centre): 4.49%
Gross Rental Yield (Outside of Centre): 5.26%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,363.68 € 1,030.00-1,800.00
Apartment (1 bedroom) Outside of Centre 962.71 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,277.40 € 1,700.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,529.17 € 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 596.15 € 483.09-748.51
Price per Square Feet to Buy Apartment Outside of Centre 351.15 € 278.71-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,171.90 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.58 2.53-4.50

These data are based on 536 entries in the past 18 months from 97 different contributors.
Last update: January 2025

Sources and References
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