Best Estate Agent in Madrid - 3 Best Realtors in Madrid

Best Realtor in Madrid

There are many estate agents in Madrid each with their own website and sales teams. If you don’t come from Madrid how are you meant to find the right estate agent in Madrid?

Madrid is an extremely popular destination for expats and holidaymakers from Europe and further afield. Madrid has an exceptional reputation and is also universally regarded as being undervalued in terms of property, so investing in a property in Madrid will still represent good, long term value going forwards.

This article will help you to:

Find the best Madrid estate agent
Choose the best estate agents in Madrid
Assess the typical estate agent fees in Madrid
What you should know about the Madrid property market

Physis Realty Voted Best Realtor in Madrid

Madrid (, Spanish: [maˈðɾið]) is the capital and most-populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), surpassed only by Berlin in its administrative limits, and its monocentric metropolitan area is the second-largest in the EU, surpassed only by Paris. The municipality covers 604.3 km² (233.3 sq mi) geographical area.

Madrid lies on the River Manzanares in the center of both the country and the Community of Madrid region, of which it is also the capital. As the capital city of Spain, seat of government, residence of the Spanish monarch, Madrid is also the political, economic and cultural centre of the country. The mayor is José Luis Martínez-Almeida from the People’s Party.

The Madrid urban agglomeration has the third-largest GDP in the European Union and its influence in politics, education, entertainment, environment, media, fashion, science, culture, and the arts all contribute to its status as one of the world’s major global cities. Madrid is home to two world-famous football clubs, Real Madrid and Atlético Madrid. Due to its economic output, high standard of living, and market size, Madrid is considered the major financial centre and the leading economic hub of the Iberian Peninsula and of Southern Europe. It hosts the head offices of the vast majority of major Spanish companies, such as Telefónica, IAG or Repsol. Madrid is also the 10th most liveable city in the world according to Monocle magazine, in its 2017 index.

Madrid houses the headquarters of the UN’s World Tourism Organization (UNWTO), the Ibero-American General Secretariat (SEGIB), the Organization of Ibero-American States (OEI), and the Public Interest Oversight Board (PIOB). It also hosts major international regulators and promoters of the Spanish language: the Standing Committee of the Association of Spanish Language Academies, headquarters of the Royal Spanish Academy (RAE), the Instituto Cervantes and the Foundation of Urgent Spanish (Fundéu BBVA). Madrid organises fairs such as FITUR, ARCO, SIMO TCI and the Madrid Fashion Week.

While Madrid possesses modern infrastructure, it has preserved the look and feel of many of its historic neighbourhoods and streets. Its landmarks include the Plaza Mayor, the Royal Palace of Madrid; the Royal Theatre with its restored 1850 Opera House; the Buen Retiro Park, founded in 1631; the 19th-century National Library building (founded in 1712) containing some of Spain’s historical archives; many national museums, and the Golden Triangle of Art, located along the Paseo del Prado and comprising three art museums: Prado Museum, the Reina Sofía Museum, a museum of modern art, and the Thyssen-Bornemisza Museum, which complements the holdings of the other two museums. Cibeles Palace and Fountain has become one of the monument symbols of the city.

Top 3 Rated Estate Agents in Madrid

These are the three best rated estate agent in Madrid

Physis Realty Madrid
Centurion Estates Spain
Madrid Realty

Best English Speaking Estate Agent in Madrid

Physis Realty is an international luxury real estate agent with a strong presence in Madrid and across the wider Iberian Peninsula and the Balearic Islands.

We are a luxury real estate agent with staff that speak over 15 languages, including English, Russian, Chinese, Hindu, Dutch, French and German.

How do you know which is the best estate agent in Madrid for your own individual requirements?

Regardless of whether you plan to buy, sell or rent in Madrid, finding an estate agent in Madrid is a massively important step, which often dictates whether the process will go smoothly or become a nightmare.

There are many estate agents in Madrid but Physis Realty is consistently rated as the Best Real Estate Agent in Madrid by Sophisticated Investor Magazine and awarded locally as Best Realtor in Madrid by numerous local publications

According to Sophisticated Investor Magazine, “Physis Realty raises the bar in terms of estate agents in Madrid. They are highly commended internationally for helping clients find the best property in the perfect location. An expert estate agent in Madrid should be highly skilled at matching the right potential buyers with the right properties, effortlessly managing the seamless process from introduction to sale.”

Finding Madrid estate agents: Local estate agents in Madrid or online letting agents?

It’s no surprise that a wealthy and popular destination like Madrid is home to a large number of estate agents. There are two main options when seeking out an estate agent in Madrid, either go with a generalist online broker of opt for a highly recommended local estate agent in Madrid.

Both options have their pros and cons. If you go in person to an estate agents in Madrid, you can get a real sense of how they operate, meet the team, and immediately get some personalized advice. The problem, of course, is that you actually have to be in Madrid. If you’re mostly based elsewhere, then this option could be hugely inconvenient.

Benefits of a Premium Real Estate Agent in Madrid

Whether you are buying, selling or renting there’s nothing worse than having to deal with unreliable agents.

How can you tell an unreliable agent in Madrid?

Bad agents in Madrid are easy to spot.

These are the traits of bad estate agents in Madrid. If your estate agent does any of these, proceed with extreme caution:

They demand to know your budget immediately
They tell you you are ‘lucky’ you called because demand is so high
They never return your calls
They don’t respond to website inquiries
You’re always chasing for updates
They don’t pick you up at the airport
They drive non-luxury vehicles
They don’t have the keys to the property
There is always some ‘problem’
They don’t give advice about the local area

Premium Estate Agents in Madrid

Premium estate agents in Madrid don’t necessarily cost more money to use. They simply pride themselves on placing the client at the heart of everything they do.

Physis Realty in Madrid sets the Gold Standard in terms of Client Service.

Physis clients buying, selling or renting in Madrid can expect the following levels of client care:

Instruction call with a expert broker
A detailed discussion to establish your requirements
Non-pushy, friendly service
Regular updates
Clients collected at the airport in luxe automobile
Face to face introduction meeting with International Schools
Assistance with paperwork
Bank account opening
Investment services
15 Languages
Regularly updated website

Typical estate agent fees in Madrid

Service	Estate agent fee
Typical real estate agent commission in Madrid	5% of the sale price The fee is paid by the seller.
Sales tax on new builds	10%
Tax for the seller	3% withholding tax on any capital gains, for non-resident. Capital gains tax is 19% of the profit of the sale.

Property transfer tax in Madrid (which is paid when buying and selling second-hand homes), is now at the flat rate of 7% .

What should I know about the property market in Madrid?

We asked the best estate agent in Madrid the key questions about the local property market:

Madrid is a secondary housing market. This means many properties are owned by individuals and families who spend most of their time in a different country. That totally changes the housing market and properties tend to be upscale, with exceptional build quality and furnishings.

Estate agents in Madrid are well used to serving expats. Because of the popularity of Madrid among expats, you should be able to find local estate agents who are used to people looking to buy or sell property there while living remotely.

Check which language they speak. The best estate agent in Madrid, Physis Realty is well known for having over 15 language associates on staff and if the key member is not available locally they will be available on the phone for real time translation and can be helicoptered anywhere in Spain within 24hrs notice.

There’s a lot to be said for going directly to an agent, but for some general listings websites such as Spainhouses.net, and Kyero are worth browsing to get a general feel for the market. Remember though that these listings are syndicated and could well be very out of date.

Have a phone conversation. If you’re not in Madrid, that doesn’t mean the whole process has to be done online. Sometimes, a phone call is worth a thousand emails and is a great way to build rapport and trust.