Madrid’s luxury property market has seen strong, steady growth in recent years, driven by both local and international demand. It offers the rare combination of:
Prime European capital status with relatively competitive prices
Elegant historic properties and sleek new developments
A business-friendly environment with a booming tech, finance, and creative sector
Year-round sunshine, fine dining, and world-class education options
Explore Spain’s economic and property landscape via Spain’s Official Investment Portal (ICEX)
Most Desirable Areas for Luxury Property in Madrid
Salamanca – the “Golden Mile” for upscale shopping and elegant residences
Chamartín – diplomatic homes, embassies, and spacious apartments
Chamberí – traditional charm with modern luxury conversions
Retiro – classic flats overlooking Madrid’s most iconic park
La Moraleja – gated communities and private villas just outside the city
El Viso – low-rise exclusivity in the heart of Madrid
Learn about Madrid’s neighbourhoods from Idealista’s Madrid Property Guide
Types of Luxury Properties in Madrid
Restored historic apartments with balconies and high ceilings in central districts
Designer penthouses with private terraces and skyline views
New-build luxury residences with pools, gyms, and concierge services
Private villas in gated suburbs like La Finca and Puerta de Hierro
Loft conversions in revitalised, artistic neighbourhoods
Madrid is especially appealing to investors and lifestyle buyers looking for both luxury and liquidity.
Let Us Help You Find Your Perfect Property in Madrid
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Trusted agents and developers
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Selling a High-End Home in Madrid?
EuropeanProperty.com offers bespoke exposure for luxury homes in Madrid. Reach buyers from the USA, Middle East, and Europe searching for upscale homes in Spain’s capital.
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Contact us today to list your Madrid property with confidence and class.
Browse Luxury Homes in Madrid
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Frequently Asked Questions About Madrid Luxury Real Estate
1. Can foreigners buy property in Madrid?
Yes — there are no restrictions. Spain is open to international property buyers, and non-EU investors may qualify for a Golden Visa with a €500,000+ purchase.
2. Is Madrid a good place to invest in luxury real estate?
Definitely. Madrid offers a combination of capital-city growth, stable rental yields, and increasing international prestige.
3. What taxes and fees apply to luxury buyers?
Expect 10–12% in additional costs, including transfer tax (or VAT for new builds), notary, and legal fees.
Luxury homes over €700,000 may also be subject to wealth tax depending on residency.
4. What areas are best for families or expats?
Chamartín, La Moraleja, and El Viso are popular for expat families due to their space, schools, and community feel.
5. How do I list my property with EuropeanProperty.com?
Reach out here to have your listing featured on Madrid’s top luxury real estate portal for international buyers
