Impeccable Four-Bedroom Apartment in Classic Recoletos Building
€7,650,000€19,466/m²
393 m²
interior
Apartment
property type
29 May 2026
listed
The Habio take
AI summaryThis exquisite four-bedroom apartment boasts 393 m² of space in a classic building in Recoletos, one of Madrid's most prestigious neighbourhoods. The area is known for its elegant architecture and proximity to cultural attractions and green spaces.
- city
- luxury
- historic
Highlights
- Spacious 393 m² layout
- Four well-appointed bedrooms
- Located in a historic building
- Prestigious Recoletos neighbourhood
- Close to cultural attractions
Worth knowing
- High price point in the market
- May require significant upkeep due to age of the building
Good fit for: Ideal for discerning buyers seeking luxury in a prime location.
Lifestyle scores
- Beach
- 0
- Walkable
- 90
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 85
- Value
- 40
About this place
Impeccable four-bedroom apartment in a classic building for sale in Recoletos, Madrid
Buying 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.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
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
