Properties for sale in Madrid

Local overview

Madrid is the capital and largest city of Spain. Madrid is the second-largest city in the European Union (EU), after Berlin, and its metropolitan area is the second-largest in the EU, after Paris. The municipality covers an area of 605.77 square kilometres (233.89 sq mi). Madrid lies on the River Manzanares in the central part of the Iberian Peninsula at about 660 metres (2,170 ft) above mean sea level. The capital city of both Spain and the surrounding autonomous community of Madrid, it is the political, economic and cultural centre of the country.

The primitive core of Madrid, a walled military outpost, dates back to the late 9th century, under the Emirate of Córdoba. Conquered by Christians in 1083 or 1085, it consolidated in the Late Middle Ages as a sizeable town of the Crown of Castile. The development of Madrid as an administrative centre was fostered after 1561, as it became the permanent seat of the court of the Hispanic Monarchy. The following centuries were characterised by the reinforcement of Madrid's status within the framework of a centralised form of state-building.

The Madrid urban agglomeration has the second-largest GDP in the European Union. Madrid is ranked as an alpha world city by the Globalization and World Cities Research Network. The metropolitan area hosts major Spanish companies such as Telefónica, Iberia, BBVA and FCC. It concentrates the bulk of banking operations in Spain and it is the Spanish-speaking city generating the largest number of webpages. Madrid houses the headquarters of UN Tourism, the Ibero-American General Secretariat (SEGIB), the Organization of Ibero-American States (OEI), and the Public Interest Oversight Board (PIOB). Pursuant to the standardising role of the Royal Spanish Academy, Madrid is a centre for Spanish linguistic prescriptivism. Madrid organises fairs such as FITUR, ARCO, SIMO TCI and the Madrid Fashion Week. Madrid is home to football clubs Real Madrid and Atlético Madrid.

Madrid is one of Spain's leading destinations for international tourism. In 2023, it ranked second among Spanish tourist destinations with 5,757,815 international visitors. Madrid's main international source markets include the United States, Italy, France, the United Kingdom and Mexico.

Official geography

Madrid, in Madrid province, has the official five-digit INE municipality code 28079. The linked structured record provides a recorded municipal area of 604.46 square kilometres and a reference coordinate of 40.4169, -3.7033. The coordinate is a municipal reference point, not a property, parcel boundary or radius from which local claims are inferred.

Settlements and local form

For Madrid, the IGN Nomenclátor currently lists 1 official population nucleus. The imported source records are dated through 2025-11-27. The entry explicitly marked as the municipal capital is Madrid, at a recorded elevation of approximately 645 metres. Nomenclátor entries describe settlement geography; they are not listing totals, neighbourhood boundaries or evidence of homes currently available for sale.

How this guide keeps the evidence local

This guide uses Madrid’s exact municipality identity before attaching any official market series or local listing count. This prevents similarly named places in other provinces from being blended together. Where a municipality-level series is unavailable, the page labels the province fallback explicitly; current NLS asking inventory remains separate from completed-sale, demographic and cadastral evidence.