House prices in Madrid

At the average appraised value, a 90 m² home costs €487,656. With 10% down and a 30-year mortgage, the payment is €1,860 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

Renting a 90 m² home costs less each month than owning it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.

2.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Buyers living abroad bought 1.4% of the homes sold here in the four quarters to Q2 2026.

Appraised values have fallen by 3% or more once since 2005. That fall began in Q1 2007.

6.3% of the 1,533,221 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.