Property Prices in Madrid, Spain

Index Info
Price to Income Ratio: 11.89
Mortgage as Percentage of Income: 83.34%
Loan Affordability Index: 1.20
Price to Rent Ratio - City Centre: 22.79
Price to Rent Ratio - Outside of Centre: 19.38
Gross Rental Yield (City Centre): 4.39%
Gross Rental Yield (Outside of Centre): 5.16%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,364.61 € 1,050.00-1,800.00
Apartment (1 bedroom) Outside of Centre 959.11 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,280.21 € 1,800.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,522.73 € 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 609.96 € 510.96-789.67
Price per Square Feet to Buy Apartment Outside of Centre 356.78 € 278.71-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,188.06 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.58 2.50-4.50

These data are based on 513 entries in the past 18 months from 94 different contributors.
Last update: February 2025

Sources and References
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