Chamberí · Madrid
Rental yield in Almagro
Almagro is an expensive area for Madrid, with a low rental yield and a Total Return below the city average. Here is what a typical flat in Almagro costs to buy and rent, and the Total Return (IRR) it delivers, compared with Chamberí and the rest of Madrid.
Sale price
10,762
€/m² · second-hand homes
Rent
27.5
€/m² per month · market rate
Gross yield
3.1%
annual rent ÷ price
Total Return
8.5%
10-year IRR · typical flat
Appreciation
+6.5%
a year, 10-15 year history
Cash flow
-€1,420
per month, year 1, after tax
What the data says
Almagro is a neighbourhood in the Chamberí district of Madrid. The reference sale price is €10,762/m², based on the 2025 registry statistics (Madrid City Council): 124% above the Madrid median (€4,808/m²) and 39% above its district median (€7,762/m²). It ranks 3 of 130 neighbourhoods in Madrid by price and 1 of 6 within Chamberí.
The achievable market rent is around €27.5/m² per month (the neighbourhood's own figure; idealista asking rents adjusted to achievable rent): about €2,035 a month for a typical 74 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 3.1%, 1.6 points below the city median (4.7%): rank 123 of 130 by gross yield.
With a 70% mortgage at 3.80% over 25 years and a sale after 10 years, the estimated Total Return (IRR) for that typical flat is 8.5%, below the Madrid median (9.8%). It takes about €289,694 of cash (deposit, taxes and costs), and first-year cash flow after tax is -€1,420 a month.
Asking prices in the Chamberí district have grown by an average of 6.5% a year over the last 10 and 15 years (idealista, December 2025), capped at the 6.5% we apply in the IRR. Historical, not a forecast: it is the appreciation the modelled sale assumes.
A typical flat in Almagro
The same standard assumptions as the CasaROI map: change the mortgage, term or tax profile in your account and the Total Return is recalculated for your case.
- Size
- 74 m²
- Purchase price
- €796,388
- Monthly rent
- €2,035
- Cash needed · deposit + transfer tax + costs
- €289,694
- Monthly cash flow (year 1)
- -€1,420
- Total Return (IRR)
- 8.5%
Assumptions: 70% mortgage over 25 years at 3.80%, sale after 10 years, Spanish tax resident at a 37% marginal rate, no renovation.
Neighbourhoods in Chamberí, ranked by gross yield
| Area | €/m² | Rent €/m² | Gross | IRR |
|---|---|---|---|---|
| Vallehermoso | 6,789 | 22.5 | 4.0% | 9.9% |
| Gaztambide | 7,412 | 23.8 | 3.9% | 9.7% |
| Arapiles | 7,595 | 23.8 | 3.8% | 9.6% |
| Trafalgar | 8,595 | 26.9 | 3.8% | 9.6% |
| Ríos Rosas | 7,928 | 24.7 | 3.7% | 9.5% |
| Almagro | 10,762 | 27.5 | 3.1% | 8.5% |
Frequently asked questions
How much does a square metre cost in Almagro?
€10,762/m² on average, based on the 2025 registry statistics (Madrid City Council). A typical 74 m² flat costs about €796,388, 124% above the Madrid median.
How much is rent in Almagro?
Around €27.5/m² per month at market rates: €2,035 a month for a 74 m² flat, with no legal cap.
Is Almagro a good buy-to-let investment?
The gross yield is 3.1% (Madrid median: 4.7%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 8.5% against a city median of 9.8%. It depends on your financing and tax residency: with your own profile the number can change.
Is Almagro in a stressed rental zone?
No. Madrid is not a declared stressed rental zone: rents are set by the market, with no legal cap.
Buying in Almagro?
Paste the listing and we tell you whether it holds up at that price: legal rent, taxes, red flags and a verdict.
Sources and method
- Sale: Estadística Registral · Ayuntamiento de Madrid (precio declarado, neighbourhood) · MITMA city anchor 4212 €/m² (2024)
- Rent: idealista · neighbourhood rent adjusted to achievable rent (×0,95)
- Appreciation: average of the 10- and 15-year rates of the area's asking price — historical, not a forecast