Prime Development Plot in Madrid's Chamartín District
€1,870,000
589 m²
plot
Land
property type
2 weeks ago
listed
The Habio take
AI summaryThis 589 m² building plot is located in Madrid’s thriving Chamartín district, part of the ambitious "Madrid Nuevo Norte" urban regeneration project. With its strategic position near Chamartín station, it promises an exciting opportunity for residential and commercial development.
- investment
- city
Highlights
- Located in Chamartín Business District
- Part of Madrid Nuevo Norte urban project
- Potential for 11,000 homes, with 20% public use
- Strategic proximity to Chamartín station
- Mixed-use development promoting business and residential living
Good fit for: Ideal for developers and investors seeking a prominent project in a growing area.
Lifestyle scores
- Beach
- 0
- Walkable
- 70
- Remote work
- 80
- Family
- 75
- Retirement
- 70
- Airport access
- 85
- Investment
- 85
- Luxury
- 80
- Value
- 65
About this place
Oi Realtor presents an exceptional building site for sale in the sought-after Charmartín Business District of Madrid, covering 589 m². This site is part of the transformative "Madrid Nuevo Norte" project, set to revamp the northern area of Madrid and enhance its skyline.
As part of the development, significant modifications to the General Plan of Urban Planning (PGOU) are underway to align with urban needs. This includes reducing the total planned residential units from 17,739 to 11,000 homes, with 20% designated for public use. The focus within the Chamartín business centre involves primarily tertiary office spaces, while the significant percentage of residential units will ensure a blend of uses, seamlessly integrating with adjacent neighbourhoods.
Located at the heart of a major urban mega-project, this site presents a unique investment opportunity. The development is expected to improve mobility, create jobs, and foster a vibrant new business district, thus making it a pivotal area for future growth.
Where you’ll be
Madrid, Madrid, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
