Sorello Guides

Buying and owning a home in Colmenar Viejo

At 3.076,4 €/m² appraisals are firmly in the expensive half of the country. Almost nothing here is a second home: 12,58 % of dwellings are not somebody's main residence. Colmenar Viejo is large enough for several distinct sub-markets to exist inside one Madrid municipality.

What you pay once, at the deed

Community of Madrid charges 6 %, one of the lighter rates in the country. At Colmenar Viejo price levels the Community of Madrid transfer tax is worth several months of most household budgets, so it belongs in the offer, not after it.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €12.000 €
350.000 €21.000 €
600.000 €36.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Community of Madrid

Put beside its neighbours

Compared with the rest of Madrid in this guide, it sits twelfth highest on average cadastral value per home.

Measured against the whole batch, that average cadastral value per home sits in the second-dearest twentieth.

Set against the other Madrid municipalities in this guide, it has the sixteenth highest urban property-tax rate.

On a national view, its premium a new build commands over an older home falls into the cheapest twentieth of them.

On rural property-tax rate it is the third lowest of the Madrid municipalities this guide covers.

How it ranks

Against every municipality in this guide, its appraised value per square metre lands in the seventeenth twentieth from the bottom.

Line the Madrid municipalities in this guide up by share of dwellings that are not a main residence and this one is the eleventh highest.

Across the country, the share of the urban register that is housing here belongs to the band just inside the top fifth.

Line the Madrid municipalities in this guide up by appraised value of an older home and this one is the eighth lowest.

Across the country, the tax rate on construction work here belongs to the lower middle of the range.

Put beside its neighbours

Of the Madrid municipalities covered here, this one comes twelfth lowest on population.

Taking every municipality covered here together, the appraised value of a home under five years old is in the band just below the top quarter.

Line the Madrid municipalities in this guide up by year of the last cadastral revision and this one is the seventeenth lowest.

Set the national range end to end and this number of notarised home sales lands in the band just above the middle.

A stock of homes people actually live in

Almost the whole register is housing: 22.219 residential units out of 33.662 urban ones.

Only 12,58 % of Colmenar Viejo dwellings are not somebody's main home, so the market is driven by people who live here.

21,05 % of Colmenar Viejo main homes are rented, above the national pattern.

An expensive market, measured

The figure comes from 212 appraisals in the quarter.

Colmenar Viejo appraises at 3.076,4 €/m², expensive by national standards and rising faster than incomes.

New and old are appraised at much the same level, 3.092,7 €/m² against 3.073,7 €/m².

The pace of sales

Against 22.219 registered residential units, a healthy share of the stock changes hands each year.

Colmenar Viejo saw 801 notarised home sales over the year, a steady rate for its population.

Sales clustered in Fourth quarter and thinned in Third quarter, the ordinary Spanish seasonal pattern.

Notarised home sales by quarter, 2025
QuarterSales
First quarter173
Second quarter214
Third quarter170
Fourth quarter244

What owning costs every year

The register values the average Colmenar Viejo home at 125.826 €, which is where the yearly bill comes from.

The rural rate is 0,45 %, lower than the urban one.

The urban IBI rate in Colmenar Viejo is 0,44 %, on the low side nationally.

On 180.000 € of cadastral value the 0,44 % rate yields 792 €, on a register that has not been refreshed in a long time.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

An ageing cadastral register

Colmenar Viejo has not revalued since 2009, which is long enough for the gap to market values to be substantial.

Building work is taxed at 3,5 %, near the top of what town halls may charge.

Related guides

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