--- title: "Flat / apartment in Pico Balaitus, Peñagrande, Madrid — Madrid" description: "2-bed property in Fuencarral-El Pardo, Madrid — €360,000 to buy, 62m². District guide & costs · +14% price growth. RelocateIQ." lang: en json-ld: | [ { "@context": "https://schema.org", "@type": "WebSite", "@id": "https://relocateiq.live/#website", "name": "RelocateIQ", "alternateName": [ "Relocate IQ", "RelocateIQ.live" ], "url": "https://relocateiq.live", "publisher": { "@id": "https://relocateiq.live/#organization" }, "inLanguage": "en", "potentialAction": { "@type": "SearchAction", "target": "https://relocateiq.live/search?q={search_term_string}", "query-input": "required name=search_term_string" } }, { "@context": "https://schema.org", "@id": "https://relocateiq.live/#organization", "@type": "Organization", "name": "RelocateIQ", "alternateName": [ "Relocate IQ", "RelocateIQ.live" ], "url": "https://relocateiq.live", "logo": { "@type": "ImageObject", "url": "https://relocateiq.live/favicon.png", "width": 512, "height": 512 }, "image": "https://relocateiq.live/og-default.png", "description": "RelocateIQ is the relocation intelligence platform for UK, German and Dutch expats moving to Spain. RelocateIQ combines live property data, cost-of-living analysis and neighbourhood-level guides to help people make confident relocation decisions.", "slogan": "Relocation intelligence for Spain.", "foundingDate": "2025", "founders": [ { "@type": "Person", "name": "RelocateIQ Team" } ], "contactPoint": [ { "@type": "ContactPoint", "contactType": "customer support", "email": "hello@relocateiq.live", "availableLanguage": [ "English", "Spanish", "German", "Dutch" ] } ], "sameAs": [ "https://www.crunchbase.com/organization/relocateiq" ], "knowsAbout": [ "Relocation to Spain", "Spanish property market", "Cost of living in Spain", "Beckham Law", "Non-Lucrative Visa", "Digital Nomad Visa Spain", "Spanish neighbourhoods", "Expat life in Spain" ], "knowsLanguage": [ "en", "es", "de", "nl" ], "areaServed": [ { "@type": "Country", "name": "Spain" }, { "@type": "Country", "name": "United Kingdom" }, { "@type": "Country", "name": "Germany" }, { "@type": "Country", "name": "Netherlands" } ] }, { "@context": "https://schema.org", "@id": "https://relocateiq.live/#organization", "@type": "Organization", "name": "RelocateIQ", "url": "https://relocateiq.live", "logo": { "@type": "ImageObject", "url": "https://relocateiq.live/og-default.png" }, "description": "Relocation intelligence platform for UK, German and Dutch expats moving to Spain. 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RelocateIQ.", "url": "https://relocateiq.live/spain/madrid/fuencarral-el-pardo/property/sale/111676206-flat-apartment-in-pico-balaitus-penagrande-madrid", "image": [ "https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/madrid/fuencarral-el-pardo/111676206-thumb.webp" ], "numberOfRooms": 2, "floorSize": { "@type": "QuantitativeValue", "value": 62, "unitCode": "MTK" }, "additionalProperty": { "@type": "PropertyValue", "name": "pricePerSquareMeter", "value": 5806, "unitCode": "MTK", "unitText": "EUR/m²" }, "datePosted": "2026-06-07", "dateModified": "2026-08-24", "address": { "@type": "PostalAddress", "streetAddress": "Flat / apartment in Pico Balaitus, Peñagrande, Madrid", "addressLocality": "Madrid", "addressCountry": "ES" }, "geo": { "@type": "GeoCoordinates", "latitude": 40.4810851, "longitude": -3.7202777 }, "offers": { "@type": "Offer", "price": 360000, "priceCurrency": "EUR", "availability": "https://schema.org/InStock", "validFrom": "2026-06-07", "businessFunction": "https://purl.org/goodrelations/v1#Sell" } }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Spain", "item": "https://relocateiq.live/spain" }, { "@type": "ListItem", "position": 2, "name": "Madrid", "item": "https://relocateiq.live/spain/madrid" }, { "@type": "ListItem", "position": 3, "name": "Fuencarral-El Pardo", "item": "https://relocateiq.live/spain/madrid/fuencarral-el-pardo" }, { "@type": "ListItem", "position": 4, "name": "Flat / apartment in Pico Balaitus, Peñagrande, Madrid", "item": "https://relocateiq.live/spain/madrid/fuencarral-el-pardo/property/sale/111676206-flat-apartment-in-pico-balaitus-penagrande-madrid" } ] }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is it like to live in Fuencarral-El Pardo, Madrid?", "acceptedAnswer": { "@type": "Answer", "text": "Fuencarral-El Pardo is a neighbourhood in Madrid, Spain. It has a walkability score of 5/10 and a safety score of 8/10. It is considered an established local neighbourhood." } }, { "@type": "Question", "name": "What are property prices like in Fuencarral-El Pardo, Madrid?", "acceptedAnswer": { "@type": "Answer", "text": "Property prices in Fuencarral-El Pardo have grown +14% over the last 12 months. Gross rental yields range from 3.9–4.7%. Source: RelocateIQ market analysis, August 2026." } }, { "@type": "Question", "name": "What would monthly mortgage payments be on this Madrid property?", "acceptedAnswer": { "@type": "Answer", "text": "At 80% LTV (20% deposit of €72,000), a repayment mortgage at 3.5% over 25 years on this €360,000 property would cost approximately €1,442/month. Rates vary by lender and applicant profile." } }, { "@type": "Question", "name": "What are the total buying costs for this property in Madrid, Spain?", "acceptedAnswer": { "@type": "Answer", "text": "The total acquisition cost for this €360,000 property is approximately €390,600, including 8.5% ITP transfer tax, notary fees, land registry and legal costs. Budget approximately 8.5–10% above the asking price for purchase costs in Andalucía." } }, { "@type": "Question", "name": "What is the price per square metre for this property in Fuencarral-El Pardo?", "acceptedAnswer": { "@type": "Answer", "text": "This property is priced at €5,806/m² for 62m². The median price per m² for comparable properties in Fuencarral-El Pardo is €6,316/m² based on 9 active listings (RelocateIQ, August 2026)." } }, { "@type": "Question", "name": "How does the cost of living in Madrid compare to London?", "acceptedAnswer": { "@type": "Answer", "text": "Madrid is significantly more affordable than London. A couple can expect to save 40–60% on monthly living costs compared to London, with lower food, transport, utilities and leisure costs. Property purchase prices are typically 50–70% lower than equivalent London properties. Source: RelocateIQ cost intelligence, August 2026." } }, { "@type": "Question", "name": "What is the Beckham Law tax saving for remote workers buying in Madrid?", "acceptedAnswer": { "@type": "Answer", "text": "Under Spain's Beckham Law (Ley Beckham), qualifying remote workers pay a flat 24% income tax rate on Spanish-source income up to €600,000, compared to a standard effective rate of approximately 35%. On a salary of €80,000, this represents an annual saving of approximately €8,800. The regime applies for up to 6 years. Professional tax advice is recommended to confirm eligibility." } } ] } ] --- ## See this property the way you'd actually live in it. Two quick details so the numbers reflect _your_ situation. Your UK postcode (or first part) 💡 Enter your full UK postcode for figures that reflect your actual area. Without it we use national averages only. [Find my postcode →](https://www.royalmail.com/find-a-postcode)I'm not from the UK Life stage 🧳 Moving solo Single or independent 👫 Couple Two of you relocating 👨‍👩‍👧 Family Children coming too 🌅 Retiring Semi or fully retired Your current housing in the UK 🔑 Renting I pay rent every month 🏠 Own with mortgage I have a mortgage I'm still paying ✓ Own outright No mortgage — I own my home Total comfortable life · all-in monthly £2,800 UK €1,720 Madrid Save 48% Estimated savings vs your current life Year 1 £16,056 3 years £48,168 5 years £80,280 That's enough to buy a property outright in many Spanish cities Show me this property → No account needed · Nothing stored without your permission [RelocateIQ](/) [Spain](/spain)[Compare](/compare) ComparisonNeighbourhoodDaily costsGetting aroundLocal lifeMarketCalculatorsPracticalities 🔖 Save📷 View photo[View on Idealista ↗](https://www.idealista.com/inmueble/111676206/) For sale # 2-bed apartment in Fuencarral-El Pardo, Madrid — €360,000 Flat / apartment in Pico Balaitus, Peñagrande, Madrid 2 beds 1 baths 62 m² Floor 1 Lift [Looking to rent in Fuencarral-El Pardo instead? View district → ](/spain/madrid/fuencarral-el-pardo) - Fuencarral-El Pardo, Madrid - Rent ~€1,550/mo - +14% growth · 3.9–4.7% yield - low expat community · Walkability 5/10 Your personalised cost comparison will appear here The neighbourhood ## What Fuencarral-El Pardo is actually like The expat presence here is low by Madrid standards. Where international residents do settle, they tend to cluster in the newer northern sub-districts — Montecarmelo, Las Tablas, and Mirasierra — drawn by larger floor plans and proximity to international schools rather than any particular social scene. There is no dominant nationality, though Latin American professionals and northern European families with school-age children appear with some regularity. The 25 English-language services counted across the district (RelocateIQ local data, April 2026) suggest a functional but not deep infrastructure for non-Spanish speakers. The core resident profile is middle-to-upper-income Spanish families with children, alongside professional couples who have traded central Madrid for more square metres. This is not a district where expats and locals mix heavily in a shared café culture — social life here is more school-gate and neighbourhood association than bar terrace. That said, Casa Gabi draws a mixed local crowd and functions as one of the more reliable spots where newer arrivals encounter established residents in an informal setting (RelocateIQ analysis, April 2026). Year-on-year purchase price growth sits at 5.4%, and the three-year cumulative figure is 20% (Fotocasa, April 2026). Rental growth has been more modest at 1.6% year-on-year, though the five-year rental growth figure of 12.5% indicates sustained upward pressure over the medium term. Gross yields range from 3.0%–3.8% on larger family homes up to 4.2%–5.1% on studios and one-beds — the smaller formats outperform on yield, consistent with Madrid-wide patterns. The ask-to-sale gap has narrowed to 3–4%, and occupancy rates run at 91–95%, both indicators of a tight supply environment (Fotocasa, April 2026). Best for - ✓ Families with children - ✓ Upper-middle professionals - ✓ Nature seekers Not for - × Nightlife chasers - × Budget renters - × City centre addicts Walkability 5.0/10 Transit 7.0/10 Safety 8.0/10 Family 9.0/10 Nightlife 3.0/10 Green space 9.0/10 Value 6.0/10 Cost of life ## What life actually costs in Madrid Monthly estimates · compared to London Eating Out €250 vs £400 in London −37% Groceries €240 vs £340 in London −29% Transport €55 vs £180 in London −69% Utilities €130 vs £205 in London −36% Internet €35 vs £50 in London −30% Gym €45 vs £70 in London −35% Morning coffee €1.70 per cup · vs London price −36% Draught beer €3.20 per pint · vs London price −36% Figures are city-level monthly estimates. Source: Numbeo Cost of Living Index 2024, updated quarterly. Getting around ## How connected is Fuencarral-El Pardo? Madrid-Barajas Airport 🚌 99 min transit 🚗 32 min drive Puerta del Sol, Madrid 🚌 50 min transit 🚗 24 min drive Madrid Atocha Station 🚌 63 min transit 🚗 29 min drive Nearest metro: Pitis · 6404m €360,000 ⚠ Approximate [Open in Maps ↗](https://maps.google.com/?q=40.4810851,-3.7202777) Market intelligence ## The Fuencarral-El Pardo property market Price growth · last 12 months +14.0% Gross rental yield 3.9–4.7% 2026 forecast +7.0% 📅 Market data last verified: 24 August 2026 [🗺️ Full neighbourhood guide Schools · cafés · expat life · what it's really like › ](/spain/madrid/fuencarral-el-pardo) Balanced Week of 2026-08-24 ### Buy Balanced Active listings 39 Median price €649,000 €5,833/m² Avg days on market 77 Weeks of supply — ### Rent Balanced Active listings 38 Median price €1,600 /month Avg days on market 75 Weeks of supply — District intelligence · RelocateIQ Run the numbers ## Calculators for your situation 🏦 Mortgage calculator What would monthly payments be? 🛒 Cost of living How far does your income go here? ⚖️ Beckham Law calculator Remote worker? See your tax saving PRACTICALITIES ## What buying here actually involves Year built Not disclosed Catastral ref Not disclosed IBI estimate €400–900/yr typical — confirm with agent Community fees ~€40–120/mo typical — confirm with agent True cost: ~€387,276 · 7.6% above asking 🔨 Could this property be renovated? [Looking to rent in Fuencarral-El Pardo instead? View district → ](/spain/madrid/fuencarral-el-pardo) Relocation guides ### Everything you need to know about moving to Madrid [ Visa & legal requirements spain/madrid/guides/visa-legal ](/spain/madrid/guides/visa-legal)[ Non-resident mortgages spain/madrid/guides/mortgages ](/spain/madrid/guides/mortgages)[ Health insurance in Spain spain/madrid/guides/health-insurance ](/spain/madrid/guides/health-insurance)[ Setting up utilities spain/madrid/guides/utilities ](/spain/madrid/guides/utilities)[ Mobile & internet spain/madrid/guides/mobile-connectivity ](/spain/madrid/guides/mobile-connectivity)[ Removals & shipping spain/madrid/guides/removals ](/spain/madrid/guides/removals)[ Beckham Law & tax spain/madrid/guides/tax-beckham-law ](/spain/madrid/guides/tax-beckham-law)[ Bringing your car spain/madrid/guides/your-car ](/spain/madrid/guides/your-car) Guides & tools ## Everything you need to move to Madrid Practical reading for buyers moving to Madrid. [ ### Mortgages in Madrid Read the guide → ](/spain/madrid/guides/mortgages)[ ### Visa & legal in Madrid Read the guide → ](/spain/madrid/guides/visa-legal)[ ### Tax & Beckham Law in Madrid Read the guide → ](/spain/madrid/guides/tax-beckham-law)[ ### Utilities in Madrid Read the guide → ](/spain/madrid/guides/utilities)[ ### Removals to Madrid Read the guide → ](/spain/madrid/guides/removals)[ ### Health insurance in Madrid Read the guide → ](/spain/madrid/guides/health-insurance) Explore more ## Other properties you might like ✦ Personalise your results Optional Match scores update around what matters most to you All pricesUnder €200k€200–300k€300–500k€500k+ [ ![Flat / apartment in Calle Pilar Nogueiro, Numancia, Madrid](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/madrid/puente-de-vallecas/111667367-thumb.webp) €81,000 Flat / apartment in Calle Pilar Nogueiro, Numancia, Madrid 1 bd 1 ba 51 m² ](/spain/madrid/puente-de-vallecas/property/sale/111667367-flat-apartment-in-calle-pilar-nogueiro-numancia-madrid)[ ![Flat / apartment in Almendrales, Madrid](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/madrid/usera/111698172-thumb.webp) €84,990 Flat / apartment in Almendrales, Madrid 1 bd 1 ba 20 m² ](/spain/madrid/usera/property/sale/111698172-flat-apartment-in-almendrales-madrid)[ ![Flat / apartment in Calle de Rocafort, San Cristóbal, Madrid](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/madrid/villaverde/111677034-thumb.webp) €103,000 Flat / apartment in Calle de Rocafort, San Cristóbal, Madrid 3 bd 1 ba 65 m² ](/spain/madrid/villaverde/property/sale/111677034-flat-apartment-in-calle-de-rocafort-san-cristobal-madrid)[ ![Flat / apartment in Calle de Juan Peñalver, Villaverde Alto, Madrid](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/madrid/villaverde/111667330-thumb.webp) €106,000 Flat / apartment in Calle de Juan Peñalver, Villaverde Alto, Madrid 3 bd 1 ba 100 m² ](/spain/madrid/villaverde/property/sale/111667330-flat-apartment-in-calle-de-juan-penalver-villaverde-alto-mad) [ Everything about living in Madrid Cost of living · schools · healthcare · visa · expat life ](/spain/madrid) ### Other neighbourhoods in Madrid Each neighbourhood has its own character — prices to help you choose where to look next [ Arganzuela 🔑 Rent from: €850/mo 🏠 Buy from: €165k ](/spain/madrid/arganzuela)[ Barajas 🔑 Rent from: €650/mo 🏠 Buy from: €110k ](/spain/madrid/barajas)[ Carabanchel 🔑 Rent from: €550/mo 🏠 Buy from: €105k ](/spain/madrid/carabanchel)[ Centro 🔑 Rent from: €900/mo 🏠 Buy from: €190k ](/spain/madrid/centro)[ Chamartín 🔑 Rent from: €950/mo 🏠 Buy from: €210k ](/spain/madrid/chamartin)[ Chamberí 🔑 Rent from: €900/mo 🏠 Buy from: €220k ](/spain/madrid/chamberi)[ Ciudad Lineal 🔑 Rent from: €850/mo 🏠 Buy from: €145k ](/spain/madrid/ciudad-lineal)[ Hortaleza 🔑 Rent from: €750/mo 🏠 Buy from: €150k ](/spain/madrid/hortaleza)[ Latina 🔑 Rent from: €700/mo 🏠 Buy from: €95k ](/spain/madrid/latina)[ Moncloa-Aravaca 🔑 Rent from: €850/mo 🏠 Buy from: €200k ](/spain/madrid/moncloa-aravaca)[ Moratalaz 🔑 Rent from: €650/mo 🏠 Buy from: €98k ](/spain/madrid/moratalaz)[ Puente de Vallecas 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/madrid/puente-de-vallecas)[ Retiro 🔑 Rent from: €1,050/mo 🏠 Buy from: €227k ](/spain/madrid/retiro)[ Salamanca 🔑 Rent from: €1,100/mo 🏠 Buy from: €320k ](/spain/madrid/salamanca)[ San Blas-Canillejas 🔑 Rent from: €600/mo 🏠 Buy from: €115k ](/spain/madrid/san-blas-canillejas)[ Tetuán 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/madrid/tetuan)[ Usera 🔑 Rent from: €650/mo 🏠 Buy from: €95k ](/spain/madrid/usera)[ Vicálvaro 🔑 Rent from: €650/mo 🏠 Buy from: €105k ](/spain/madrid/vicalvaro)[ Villa de Vallecas 🔑 Rent from: €600/mo 🏠 Buy from: €95k ](/spain/madrid/villa-de-vallecas)[ Villaverde 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/madrid/villaverde) ### Plan your move Practical guides for relocating to Madrid [ Visa & legal ](/spain/madrid/guides/visa-legal)[ Non-resident mortgages ](/spain/madrid/guides/mortgages)[ Beckham Law & tax ](/spain/madrid/guides/tax-beckham-law) ### Explore other cities in Spain Not sure Madrid is right? Prices to help you compare [ 🇪🇸 Barcelona Cosmopolitan coastal capital of Catalonia 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/barcelona)[ 🇪🇸 Madrid Energy and culture at the heart of Spain 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/madrid)[ 🇪🇸 Seville Andalusian charm, classic Spain 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/seville)[ 🇪🇸 Valencia Beach city with a relaxed pace 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/valencia)[ 🇪🇸 Málaga Sunny Costa del Sol hub, expat-friendly 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/malaga)[ 🇪🇸 Alicante Affordable beach living on the Costa Blanca 🔑 Rent from: €350/mo 🏠 Buy from: €38k ](/spain/alicante)[ 🇪🇸 Granada Historic, walkable, low cost of living 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/granada)[ 🇮🇨 Tenerife Year-round sun and island lifestyle 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/tenerife)[ 🇪🇸 Palma de Mallorca Island capital with international scene 🔑 Rent from: €650/mo 🏠 Buy from: €90k ](/spain/palma-de-mallorca)[ 🇪🇸 Cádiz Atlantic coast, ancient and unhurried 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/cadiz)[ 🇪🇸 Girona Medieval Catalan city near the Pyrenees 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/girona)[ 🇪🇸 Tarragona Roman heritage on the Costa Daurada 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/tarragona) 🇪🇸 Bilbao Coming soon Basque culture and modern art Prices available on launch 🇪🇸 San Sebastián Coming soon Coastal gastronomy capital Prices available on launch RelocateIQ Smart relocation decisions, powered by data #### Product - [Compare Cities](/compare) - [How It Works](/why-relocateiq) - [Data Sources](/#data-sources) - [Privacy Policy](/privacy) #### Use Cases - [Remote Workers](/compare) - [Retirees](/compare) - [Families](/compare) - [Digital Nomads](/compare) #### Support - [About RelocateIQ](/about) - [Why RelocateIQ](/why-relocateiq) - [FAQ](/#faq) - [Contact Us](/contact) - [Feature Requests](/feature-requests) - [Report Issue](/report-issue) © 2025 RelocateIQ. 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