Madrid
Spain's capital and financial hub; world-class culture; strong business and expat ecosystem
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
Local STR Rules — Madrid
RESIDE (Aug 2025): no dispersed tourist flats in residential buildings in APE 00.01; independent street access crucial
Market Analysis — Madrid
Key demand drivers and main investment risks
✅Demand Drivers
- •68.2M airport passengers 2025
- •Spain's main FDI magnet
- •business capital
⚠️Key Risks
- •RESIDE compliance risk
- •scarce eligible STR stock
- •lower LTR yield vs entry price
🇮🇱 Notes for Israeli investors
Niche/visible Israeli presence; some broker-level activity; mainly financial/corporate investors
Schools: curricula and languages of instruction
This reports which school curricula and languages of instruction are available to a child in this city — not how many foreign residents live here.
Public schools: languages of instruction: English (in Programa Bilingüe español-inglés schools); Español; Inglés — en centros del Programa Bilingüe; Spanish; Spanish (Castilian, vehicular) · Source
Agora Madrid International School
Curricula: IB; IB Diploma Programme; IB Primary Years Programme; Spanish
Language of instruction: ENGLISH; SPANISH
Source · Checked:
American School of Madrid
Curricula: American; IB; IB Diploma Programme; IB DP; International Baccalaureate Diploma Programme (IBDP); US High School Diploma
Language of instruction: ENGLISH · Language source
Source · Checked:
Aquinas American School
Curricula: American; American-school pathway; Catholic; IB; IB Diploma Programme
Language of instruction: ENGLISH
Source · Checked:
Brewster La Moraleja
Curricula: IB Diploma Programme
Stages or ages: Diploma Programme
Language of instruction: ENGLISH
Source · Checked:
City Country School
Curricula: American; Montessori
Stages or ages: 3–16
Language of instruction: English; Spanish · Language source
Source · Checked:
Colegio Brains La Moraleja
Curricula: IB Diploma Programme; IB Middle Years Programme; IB Primary Years Programme
Stages or ages: PYP, MYP, DP
Language of instruction: ENGLISH
Source · Checked:
École maternelle française Pomme d'Api
Curricula: French (AEFE); French national curriculum — AEFE homologated
Language of instruction: not stated by the source
Source · Checked:
FESB Sagrado Corazon Chamartin
Curricula: IB Diploma Programme
Stages or ages: Diploma Programme
Language of instruction: ENGLISH; SPANISH
Source · Checked:
International College Spain
Curricula: IB; IB (per guide); IB Continuum (PYP/MYP/DP); International Baccalaureate
Language of instruction: ENGLISH
Source · Checked:
International School of Madrid
Curricula: British; English National Curriculum
Language of instruction: English · Language source
Source · Checked:
Lycée français de Madrid (and annex École Saint-Exupéry)
Curricula: French (AEFE)
Language of instruction: not stated by the source
Source · Checked:
Lycée Français de Madrid et annexe École de Saint-Exupéry
Curricula: French national curriculum — AEFE homologated
Stages or ages: PS–Terminale
Language of instruction: not stated by the source
Source · Checked:
More schools
Runnymede College
Curricula: British; British School Overseas
Language of instruction: not stated by the source
Source · Checked:
SEK International School Santa Isabel
Curricula: IB; IB Primary Years Programme; Spanish
Language of instruction: ENGLISH; SPANISH
Source · Checked:
St George Madrid
Curricula: British; IB; IB Diploma Programme
Language of instruction: ENGLISH; SPANISH
Source · Checked:
St. Anne's School
Curricula: British; IB; IB Diploma Programme
Language of instruction: ENGLISH
Source · Checked:
Union chrétienne de Saint-Chaumond
Curricula: French (AEFE)
Language of instruction: not stated by the source
Source · Checked:
Listed alphabetically — not a ranking or a recommendation. Compiled from public sources; confirm details with the school.
Properties in Madrid
2565 for sale·5846 for rent
Properties for Sale in Madrid
Latest Listings
Showing 1–12 of 50 listings
2-Bed Apartment · 90 m² in Tetuan
1-Bed Studio · 68 m² in Tetuan
1-Bed Apartment · 49 m² in Tetuan
1-Bed Apartment · 90 m² in Tetuan
3-Bed Apartment · 52 m² in Tetuan
3-Bed Villa · 101 m² in Tetuan
2-Bed Villa · 102 m² in Arganzuela
2-Bed Apartment · 118 m² in Tetuan
4-Bed Villa · 108 m² in Tetuan
1-Bed Apartment · 93 m² in Tetuan
3-Bed Villa · 157 m² in Tetuan
2-Bed Apartment · 59 m² in Tetuan
Yield by Neighborhood — Madrid
Microzone investment comparison — CASABROVA
| Neighborhood | Price/m² | STR Yield | STR Status | Character |
|---|---|---|---|---|
| Retiro | €6,000–€8,500 (₪20,893–₪29,599) | 3%–4.5% | License Required | Park-adjacent luxury, embassy quarter, Jerónimos premium, prime family residential |
| Tetuan gentrificationmulticulturalemerging | €5,000–€6,000 (₪17,411–₪20,893) | 8%–11% | STR Restricted 🟡 RESIDE: outside APE 00.01; RESIDE compliance needed | |
| Salamanca | €7,000–€10,500 (₪24,375–₪36,563) | 2.5%–4% | License Required | Golden Mile trophy residential, LATAM wealth magnet, luxury flagship retail, Recoletos premium |
| Chamberi upscaleltrprofessional | €5,500–€7,000 (₪19,152–₪24,375) | 7%–10% | STR Restricted 🟡 RESIDE: outside APE 00.01; RESIDE compliance needed | |
| Lavapies | €4,500–€6,000 (₪15,670–₪20,893) | 4%–5.5% | License Required | Multicultural bohemian, arts scene, rapid gentrification mid-cycle, creative class influx |
| Malasana | €5,000–€6,500 (₪17,411–₪22,634) | 3.5%–5% | License Required | |
| Carabanchel | €2,800–€3,500 (₪9,750–₪12,188) | 4%–6% | License Required | Gentrifying southern district, creative migration, Metro L11 extension, PAU new residential |
| Moncloa | €5,000–€6,500 (₪17,411–₪22,634) | 3.5%–5% | License Required | University quarter (UCM proximity), Parque del Oeste, Argüelles elegance, diplomatic families |
| Arganzuela regeneratedparkriver | €4,500–€5,500 (₪15,670–₪19,152) | 8%–11% | STR Restricted 🟡 RESIDE: outside APE 00.01; independent access required for STR; residential buildings restricted | Regenerated riverside; Madrid Rio park; good transport; STR possible outside APE 00.01 |
Yield and price ranges are internal AI-research estimates from public real-estate portals (Tranio, Investropa, Globes, etc.), refreshed quarterly. Not primary-source data.
Investment Areas in Madrid
Retiro
Park-adjacent luxury, embassy quarter, Jerónimos premium, prime family residential
Price from €6,000/m² (₪20,893/m²)
Tetuan
Price from €5,000/m² (₪17,411/m²)
Salamanca
Golden Mile trophy residential, LATAM wealth magnet, luxury flagship retail, Recoletos premium
Price from €7,000/m² (₪24,375/m²)
Chamberi
Price from €5,500/m² (₪19,152/m²)
Lavapies
Multicultural bohemian, arts scene, rapid gentrification mid-cycle, creative class influx
Price from €4,500/m² (₪15,670/m²)
Malasana
Price from €5,000/m² (₪17,411/m²)
Carabanchel
Gentrifying southern district, creative migration, Metro L11 extension, PAU new residential
Price from €2,800/m² (₪9,750/m²)
Moncloa
University quarter (UCM proximity), Parque del Oeste, Argüelles elegance, diplomatic families
Price from €5,000/m² (₪17,411/m²)
Arganzuela
Regenerated riverside; Madrid Rio park; good transport; STR possible outside APE 00.01
Price from €4,500/m² (₪15,670/m²)
Editorial | CASABROVA
All articles →CASABROVA Global Investor Briefing — October 2026
The board barely moved: twenty-one of twenty-nine markets are unchanged, and the three that crossed two points did so because our own readings changed, not because anything happened in those markets. The top is now a three-way tie — Estonia 74.6, Poland 74.3, Slovenia 74.3 — with three tenths of a point between first and third.
CASABROVA Global Investor Briefing — September 2026
The Score did not move: no market changed by even half a point, and Estonia edged past Poland into #1 by 0.20 — inside the noise. What moved was the cost of money, and in opposite directions: New Zealand and Korea raised, Israel cut, Canada held, and 12-month Euribor crossed 3%. House prices rose in 25 of the 27 markets we can price for 2025, led by Hungary at +18.3%; only Canada and New Zealand fell.
Q2 2026 Investor Briefing
Our quarterly cross-market briefing: twenty-nine markets, the cost of borrowing as a foreign buyer, cycle position, tax by nationality, and the CASABROVA Score.
After Spain: Where Europe’s Foreign Property Money Goes Next
Spain is now late-cycle and crowded for foreign buyers — so where does Europe's property money rotate next? CASABROVA separates revealed preference, structural quality (the Score) and timing (the Master Index), and maps the case for Romania, Poland and the UAE.
CASABROVA Global Investor Briefing — June 2026
June’s briefing is a one-time Score reset: Netherlands, Ireland and Poland cluster at the top; Spain, Portugal and Czechia remain in withdrawal; Greece is at peak; Germany and the UK move toward recovery; Romania enters the Virtual Portfolio.
Global Investor Briefing — May 2026
Scores were stable this month — the real stories are a generational currency window for shekel buyers, Greece emerging as a withdrawal candidate while Spain surprisingly holds at peak, and three markets moving from correction into recovery.
The Yield Illusion: Why Municipal STR Regulations are Destroying Cross-Border Valuations
A massive "Yield Illusion" has formed. Investors are pricing properties based on historical cash flows, fatally ignoring that hyper-local municipal regulations have decoupled historical performance from future returns.
Iberian Crossroads: Portugal vs. Spain for Real Estate Investors in 2026
Spain has tightened STR rules and abolished its Golden Visa entirely. Portugal pivoted — lifting license freezes but doubling entry tax. A surgical comparison of the four vectors that matter.
Market Review — Madrid
Madrid is Spain's capital and the country's strongest institutional property market. Average prices of €4,500–5,500/sqm in central districts like Salamanca, Chamberí, and Retiro position Madrid below Paris and London but above most Southern European capitals. LTR yields of 4–5% in prime areas rise to 5.5–7% in emerging districts like Vallecas, Usera, and Carabanchel.
Spain's rental market is heavily regulated: the 2023 Housing Law caps rent increases at 3% annually for existing tenants and classifies high-demand zones (zonas tensionadas) where new-let rents are also capped. STR licensing varies by district — central Madrid requires a vivienda de uso turístico (VUT) license that has become increasingly difficult to obtain. This regulatory environment favors LTR strategies.
Key considerations: Spain's 19% CGT for non-residents is competitive, and the 10% transfer tax (ITP) in Madrid is standard. Spain's Golden Visa program (€500,000 investment) includes Madrid, though it's under review. For Chinese investors, Madrid has a growing Usera/Chinatown community that provides operational support.
Last updated: April 25, 2026
Discussions — Madrid
Share insights, ask questions and discuss with other investors
No discussions yet — be the first!