Spain mortgage guide
Madrid mortgage guide
Madrid is Spain's largest urban property market and a growing destination for international buyers and relocating professionals. This indicative guide covers LTV, costs and broker compatibility for buyers in the capital.
Who buys in Madrid
Madrid draws US, Latin American, French, Italian and relocating-professional buyers, alongside investors. Brokers here are experienced with employment relocation, foreign income and apartment valuations.
Indicative LTV & costs
Indicative LTV for non-residents is generally 60–70%, and residents relocating with Spanish contracts may access more. Madrid's resale ITP is relatively competitive; budget around 10–12% in total costs and confirm current rates.
Urban apartment market
Madrid is an apartment-led market across central districts such as Salamanca, Chamberí and Centro. Property type, condition and location all influence valuation and lender appetite.
Frequently asked questions
Is Madrid mainly an apartment market?
Yes — central Madrid is dominated by apartments. Lenders value these by district, condition and floor area, and appetite is generally strong for well-located stock.
Can a relocating professional get better terms?
Those with a Spanish employment contract and tax residency may access higher LTV than pure non-residents, subject to lender assessment.
Does the platform cover Madrid?
Yes — our compatibility assessment covers all of Spain, including Madrid city and the surrounding region.
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