Frankly.
Photo of 3-bed apartment with garden in Aravaca

€1,090,000

No read on this price

3-bed apartment with garden in Aravaca

Aravaca
View the listing on Promora (opens in a new tab)
Bedrooms
3
Bathrooms
2
Built area
118 m²

Is this price fair

We can’t put a fair range on this one yet.

Too few similar homes are on sale nearby to compare it with fairly. We would rather say nothing than guess.

No price change since we first saw it on 27 Sep 2026. How sellers negotiate in Aravaca →

Listings that informed this estimate · Aravaca

The homes we compared it with.

Too few similar homes on the market to show.

If you rented it out as someone’s home

Two different things get called rent in Spain.

Everything here is long-term residential rent: a lease for someone’s home, never a tourist or short-stay let. Asking rent is what landlords advertise today. Rent on existing leases is what tenants pay, as recorded in tax returns, and it reaches the statistics about two years later. It runs lower; the yield here is on asking.

The rental numbers come with the search pass.

Asking rent, yield, running costs and the five-year view for this home.

The market over time

How this home’s market has moved

Moncloa-Aravaca, from official records. A ring marks where this home’s asking price sits. None of these lines is a forecast.

This price against Aravaca’s history

€9,237per m², this home’s asking price

Aravaca’s registered sales averaged €5,603 per m² in 2025, about €6,300 brought forward to this quarter. The ring is this home’s asking price, not a sale. Past rises aren’t assumed in the five-year figures above.

2025Aravaca€5,603Moncloa-Aravaca€5,694This home, asking€9,237

This price against Aravaca’s history
YearAravacaMoncloa-Aravaca
TodayThis home, asking €9,237
2025€5,603€5,694
2024€4,995€4,938
2023€4,542€4,541
2022€4,389€4,327
2021€3,959€3,910
2020€3,746€3,757
2019€3,896€3,874
2018€3,634€3,687
2017€3,562€3,358
2016€3,057€2,916

Gross yield on long-term rents, over time

3.8%gross yield in Moncloa-Aravaca, 2024

down 1.3 pointssince 2013

Rents on existing long-term leases (flats only), over the prices of second-hand homes sold that year. Gross, before costs.

2024Moncloa-Aravaca3.8%Madrid3.7%

Gross yield on long-term rents, over time
YearMoncloa-AravacaMadrid
20243.8%3.7%
20233.9%3.9%
20223.9%3.9%
20214.2%4.0%
20204.3%4.1%
20194.1%4.1%
20183.9%3.8%
20174.1%4.2%
20164.6%4.6%
20154.6%4.8%
20144.7%4.9%
20135.1%5.0%
20124.6%4.8%
20114.0%4.2%

Homes sold each year in Moncloa-Aravaca

246homes sold in 2025

up 0.8%in a year

Registered sales, second-hand and new. 44 of them were new-build. Aravaca is 19.6% of Moncloa-Aravaca’s sales.

2025Homes sold246Share of Moncloa-Aravaca19.6%

Homes sold each year in Moncloa-Aravaca
YearSoldOf Moncloa-Aravaca
202524619.6%
202424418.4%
202320018.6%
202212110.2%
202120115.8%
202019520.8%
201920520.0%
201852132.4%
201760034.7%
201631024.7%

What tenants pay on existing leases in Moncloa-Aravaca

€15.50per m² a month

up 4.7%in a year

Median rent on all leases declared in 2024, flats only. It moves slower than asking rents. The shaded band holds the middle half of leases.

2024Moncloa-Aravaca€15.50Middle half€12.64–€19.13Madrid€13.97

What tenants pay on existing leases in Moncloa-AravacaWhat tenants pay on existing leases in Moncloa-Aravaca. Moncloa-Aravaca: median, with the middle half of leases beneath
YearMoncloa-AravacaMiddle halfMadrid
2024€15.50€12.64–€19.13€12.64–€19.13€13.97
2023€14.81€12.10–€18.16€12.10–€18.16€13.30
2022€14.14€11.59–€17.26€11.59–€17.26€12.77
2021€13.61€11.11–€16.67€11.11–€16.67€12.31
2020€13.47€10.81–€16.61€10.81–€16.61€12.12
2019€13.25€10.66–€16.35€10.66–€16.35€11.86
2018€12.13€9.70–€15.12€9.70–€15.12€10.83
2017€11.56€9.33–€14.38€9.33–€14.38€10.36
2016€11.19€8.99–€13.83€8.99–€13.83€10.03
2015€10.88€8.71–€13.52€8.71–€13.52€9.85
2014€10.86€8.53–€13.46€8.53–€13.46€9.80
2013€11.03€8.47–€13.73€8.47–€13.73€10.00
2012€11.48€8.96–€14.37€8.96–€14.37€10.58
2011€11.60€9.09–€14.61€9.09–€14.61€10.84

Who buys in this district

Who buys here, and how.

Spain’s land registry publishes who completes purchases, by district: where buyers come from, and whether they buy through a company. Names are never included.

BuyersAravaca district

Who buys in Aravaca: official figures are on their way.

Coming

  • Buyers from outside Spain
  • Buying through a company
  • How long owners keep a home

Nothing here is estimated. Each figure appears once it is loaded from its source and checked. Buyer figures are published for the whole district, never for a single street or home.

The neighbourhood · Aravaca

Aravaca: who lives here, what homes sell for, what they rent for.

The people who live here, what homes sell for and what rent costs, each set against Madrid city. Green means up, red means down, blue means little change.

Neighbourhood

€83,039household income a yeara year

Madrid €49,916Household income · Madrid €49,916

Official barrio

People

Population
down 1.0% in a year
28,183
Average age
Madrid 44.2
42.0
Aged 65 or over
Madrid 20.7%
19.2%
Registered unemployment
Madrid 5.8%
3.2%
Years of income to buy
average-size home (161 m²) ÷ household income · Madrid 9.7
12.2 years

SaleAravaca · askingasking

€6,660per m²

Madrid, homes we track: €11,086

Price trend

up 14.3%in a yearup 3.3%on the quarter

Official price index · all second-hand sales in the district · Moncloa-Aravaca figure

What homes here sold for

Homes here sold for about
registered sales in the barrios where the homes we track are, brought up to this quartersame barrios as the homes we track
€6,300/m²
Asking vs sold
Homes we track ask about 6% more than recorded sales in the same barrios.about 6% more, same barrios
+6%

Homes for sale now

Priced below our fair value
of 55 homes we can read
24%
Typical time advertised
since we first saw each one
140 days
Have cut their price
28 of 136
21%
Homes for sale in Aravaca

RentAravaca · askingasking

€24.7per m² a month

Madrid, homes we track: €30.7

What tenants pay on existing leases

In 2024 · Moncloa-Aravaca figure
up 3.5% that year
€15.5 per m²

Homes to rent now

To rent now
homes we track
13
Typical asking rent
half ask less, half more
€3,400 a month
Typical time listed
since we first saw each one
148 days

Asking rents are for homes advertised today. What tenants pay on existing leases comes from tax returns, runs about two years behind and is usually lower.

Homes to rent in Aravaca

No grade for mortgage defaults or homes occupied without a lease (ocupación), on purpose. Spain publishes both only for the whole province, so an Aravaca grade would be invented precision.

The building itself

What the advert says about the building, and how to check it.

Spain’s land registry (the Catastro) records every building’s size, age and use. The first two figures are the agency’s; pull the building’s own record below to check them.

—the year it was builtnot stated in the listing
—lift not statednot stated in the listing

Get the building’s Catastro record

Type the street address from the viewing, or the 20-character cadastral reference from the IBI bill. We look it up in the Catastro and set it against the advert. Free.

Free with an account. You’ll come straight back here after signing in.

Get the building’s Catastro record

No address yet? Frankly’s verified agent or the agency can give it to you after a viewing.

What comes back

Built areathe Catastro’s figure, against the advert’s 118 m²
—
Year built
—
Useresidential, office, shop…
—
Homes in the buildingand other units
—
This homefloor and door
—
Cadastral reference20 characters
—

Things that would change the deal

Spanish situations that catch foreign buyers out.

None of these are unusual in Spain, and none of them are visible in a photo. Each one changes what you are actually buying.

  • Sold with a tenant already in it

    Vendido con inquilino. You inherit their contract — in Spain that can run five more years at the rent they already pay.

    Ask the agency

  • You buy it, the seller keeps living in it

    Nuda propiedad, literally “bare ownership”. You own the home but cannot use or let it until the seller dies. Prices look like a bargain for this reason.

    Ask the agency

  • Someone is living there without a lease

    Vivienda ocupada. Resolving it goes through the courts and can take more than a year. Ask the agency whether the home is empty.

    Ask the agency

  • Being sold at auction

    Subasta. You usually cannot view it first, and you may take on the previous owner’s debts on the property.

    Ask the agency

  • No first-occupancy licence

    Sin licencia de primera ocupación. The building cannot legally be lived in yet, which also means most banks will not lend on it.

    Ask the agency

  • A big repair bill on the way

    Derrama (a one-off levy the building charges owners for big repairs, such as a new lift or facade). Ask for the last three years of owners’ meeting minutes (actas de la comunidad) to see what has been agreed.

    Ask the agency

  • Tourist lets in this district

    Vivienda de uso turístico (a licensed tourist flat). The city’s Plan Especial de Hospedaje restricts new ones in parts of this district.

    Partly restricted

We do not yet read listings for these. Ask the agency before you offer; your lawyer confirms each one in the nota simple (the land-registry extract).

None of this tells you whether to buy it.

It tells you what to ask, what to budget, and what a fair number looks like. The verified agent can tell you the rest.

Contact the listing agency

An independent buyer’s agent Frankly has verified. 30 minutes, free, no obligation. Paid by you, not by the seller.

€1,090,000No read on this price