The Luma Property Buyer Guide / 2026

Sources & photo credits.

Research checked 12 October 2026. Each reference retains its own reporting period; asking prices are not transaction prices.

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Market, tax & buying references

Only directly verified district figures are included. Asking prices are not transaction prices; each source retains its reporting date and geography.

  1. [1]Idealista · asking sale prices and year-on-year change, Madrid city and districts · September 2026 (published 2 October) ↗
  2. [2]Idealista · asking rents, Madrid city · July 2026 (published 3 August) ↗
  3. [3]INE · House Price Index · Q2 2026 (published 7 September) ↗
  4. [4]Banco de España · valuation and usual lending ceiling · 12 March 2024 ↗
  5. [5]Comunidad de Madrid · resale ITP, rates, reliefs and taxable base ↗
  6. [6]Comunidad de Madrid · tax on new housing (the FAQ page references 2025) ↗
  7. [7]Catastro · property reference value lookup ↗
  8. [8]BOE · Ley 49/1960, community obligations and tourist-use approval ↗
  9. [9]BOE · Ley 29/1994, Urban Leases Act (LAU) ↗
  10. [10]BOE · Civil Code, article 1454 (arras) ↗
  11. [11]Comunidad de Madrid · IEE building evaluation ↗
  12. [12]Madrid · OLDRUAM works-permission ordinance · 17 May 2022 ↗
  13. [13]Comunidad de Madrid · tourist accommodation regulations ↗
  14. [14]Madrid · Plan RESIDE, approval 27 August 2025; publication 22 September 2025 ↗
  15. [15]Banco de España · comparing and contracting a mortgage ↗
  16. [16]BOE · Ley Orgánica 1/2025, final provision 21: investor-residence articles 63–67 of Ley 14/2013 left without content ↗
  17. [17]Agencia Tributaria · non-resident taxation (IRNR), including imputed income from urban property ↗
  18. [18]BOE · Real Decreto Legislativo 2/2004, local taxes including plusvalía municipal (IIVTNU) ↗
  19. [19]Spanish public administration · appointment portal for foreigner procedures, including NIE ↗

Photographs

Documentary photographs are cropped and colour-adjusted. Titles, authors and original licence links are retained below. Alex’s portrait was supplied by Luma.

  1. Page 1 · Photo 1 · 2017-10-04

    Balconied apartment buildings and rooftops, central Madrid

    Dmitry Dzhus from London · CC BY 2.0 · adapted

    Original: Madrid (38624991251).jpg ↗

  2. Page 5 · Photo 2

    Mercado de San Miguel, historic Madrid centre

    Jeremy Thompson from Los Angeles, California · CC BY 2.0 · adapted

    Original: Madrid (49231382663).jpg ↗

  3. Page 6 · Photo 3

    Café de Ruiz, Madrid · colour-corrected

    Nicolas Vigier · CC0 · adapted

    Original: Cafe de Ruiz, Madrid.jpg ↗

  4. Page 10 · Photo 4 · 2015-11-29

    Calle del Espíritu Santo, Malasaña

    Lourdes Cardenal · CC BY-SA 4.0 · adapted

    Original: 03 Madrid Calle del Espíritu Santo by Lou.jpg ↗

  5. Page 11 · Photo 5 · 2019-10-15

    Mercado de Maravillas, Calle de Bravo Murillo, Tetuán

    Vilacor · CC BY-SA 4.0 · adapted

    Original: Interior del Mercado de Maravillas.jpg ↗

  6. Page 12 · Photo 6 · 2016-10-14

    Plaza de la Cruz Verde from Costanilla de San Andrés, La Latina

    Malopez 21 · CC BY-SA 4.0 · adapted

    Original: Plaza de la Cruz Verde, desde Costanilla de San Andrés.jpg ↗

  7. Page 12 · Photo 7 · 2016-11-03

    Calle del Amparo, Lavapiés

    Manuel from Valdemoro, Spain · CC BY 2.0 · adapted

    Original: Calle del Amparo - Una calle del barrio madrileño de Lavapiés (30637403722).jpg ↗

  8. Page 13 · Photo 8 · 2025-12-01

    Plaza de Olavide, Chamberí

    Jotaemec · CC0 · adapted

    Original: Vista de la Plaza de Olavide de Madrid.jpg ↗

  9. Page 13 · Photo 9 · 2017-11-26

    Matadero Madrid and the Matadero bridge, Arganzuela

    Malopez 21 · CC BY-SA 4.0 · adapted

    Original: Matadero y puente de Matadero, Arganzuela, vista desde Madrid Río 2.jpg ↗

  10. Page 14 · Photo 10 · 2015-08-01

    Corner of Calle de Narváez and Calle de Ibiza, Retiro district

    Asqueladd · CC BY-SA 3.0 · adapted

    Original: Esquina de Narváez con Ibiza, Madrid.JPG ↗

  11. Page 14 · Photo 11 · 2016-02-15

    Apartment building at Calle de Velázquez 28, Salamanca

    Luis García (Zaqarbal) · CC BY-SA 4.0 · adapted

    Original: Calle Velázquez nº 28 (Madrid) 01.jpg ↗

  12. Page 16 · Photo 12 · 2017-05-16

    Gardens along Madrid Río

    Nicolas Vigier · CC0 · adapted

    Original: Madrid in May 2017 64.jpg ↗

  13. Page 15 · Photo 13 · 2017-05-06

    Calle del Príncipe de Vergara, which runs through Salamanca and Chamartín

    Felipe Gabaldón · CC BY 2.0 · adapted

    Original: Calle del Príncipe de Vergara (34450772166).jpg ↗

  14. Page 15 · Photo 14 · 2024-05-10

    Calle de Antonio Machado, Moncloa-Aravaca district

    Zarateman · CC0 · adapted

    Original: Madrid - Calle de Antonio Machado 1.jpg ↗

  15. Page 3 · Photo 15

    Atardecer en Madrid

    Armando545 · CC BY-SA 4.0 · adapted

    Original: Atardecer en Madrid ↗

Interior images are illustrations, not real listings or addresses. Six interior illustrations are used in this edition. Alex’s supplied portrait appears on pages 2 and 29.

Full disclaimer

Research checked 12 October 2026. This edition is educational information, not personalised legal, tax, valuation or investment advice. Budgets, tax and rental figures are hypothetical examples, not market quotes or guaranteed outcomes. Confirm your own case with independent professionals before you sign.