Written by ArgisLiving
Accessing a first home in Madrid can seem challenging, especially due to the initial savings required for the down payment.
However, there are now alternatives that can help make this step easier. One of them is the Plan Mi Primera Vivienda (“My First Home”) program promoted by the Madrid Regional Government, which allows buyers to access more favorable financing conditions through participating banks.
In this context, choosing the right property becomes key. At ARGIS Living, we offer residential projects in strategic areas such as Tetuán and northern Madrid that may fit within this type of financing framework, helping facilitate access to your first home.
What You Need to Buy Your First Home in Madrid
One of the main challenges when purchasing a first home is the initial down payment, which typically ranges between 20% and 30% of the property value.
Programs such as Plan Mi Primera Vivienda allow buyers to access higher financing ratios — always subject to bank approval — helping reduce this barrier.
Banks such as Banco Santander, CaixaBank, and Unicaja, among others, participate in these financing programs.
That is why finding a property that meets the program requirements is an important first step.
👉 More information about the Mi Primera Vivienda Program by the Madrid Regional Government
*Financing approval is subject to the evaluation and approval of financial institutions.
Where to Buy Your First Home in Madrid
Choosing the right location impacts not only your daily life, but also accessibility and long-term quality of life.
Tetuán: Living Close to Everything
The Tetuán district has become one of Madrid’s best-connected areas.
Its proximity to Castellana, AZCA, and Chamartín allows residents to:
- reduce commuting times
- access key business districts
- enjoy a full range of services and amenities nearby
Northern Madrid: Connectivity, Growth, and New Opportunities
Northern Madrid, particularly areas near Avenida del Cardenal Herrera Oria, is becoming an increasingly attractive option for first-time buyers.
This area will also benefit from the development of Madrid Nuevo Norte, one of Europe’s largest urban regeneration projects, which will further enhance connectivity, services, and economic activity across the northern axis of the city.
It is a well-connected and fast-growing environment with excellent access to services — ideal for starting a new chapter.
New Residential Developments Designed for First-Time Buyers
At ARGIS Living, we develop residential projects designed to adapt to different lifestyles and needs, helping facilitate access to a first home.
ARGIS Urban Viana – Living in Tetuán
Located in Tetuán, ARGIS Urban Viana combines design, functionality, and a strategic location.
The project includes different building concepts and layouts:
- homes with shared amenities, rooftop areas, and swimming pool
- more functional housing options
- units with parking spaces or storage rooms
A project designed to adapt to different needs throughout the process of buying your first home.
On the market
Argis Urban Viana I
ARGIS Urban Nature – Flexibility to Get Started
Also located in Tetuán, ARGIS Urban Nature offers different configurations that allow buyers to choose the option that best suits their lifestyle.
Features include:
- homes with or without shared amenities
- different layouts and configurations
- options with parking spaces or storage rooms
A versatile alternative for taking the step toward your first home.
On the market
Argis Urban Nature III
ARGIS Nuevo Norte – Starting in Northern Madrid
Located next to Avenida del Cardenal Herrera Oria in northern Madrid, ARGIS Nuevo Norte offers a well-connected option for buyers looking for their first home outside the city center.
Its location places it within an area that will directly benefit from the development of Madrid Nuevo Norte, reinforcing its attractiveness as a residential destination for starting a new stage of life.
On the market
Argis Nuevo Norte
Why Now Could Be a Good Time
Areas undergoing urban transformation often present strong investment opportunities, combining current value with future growth potential.
Today, access to homeownership is evolving.
New financing solutions, together with the development of key areas across Madrid, are helping more buyers access quality residential projects with proper planning.
👉 Taking the first step starts with understanding the available options.
Find Your First Home Here
If you are considering buying your first home in Madrid, the first step is exploring real opportunities.
At ARGIS Living, we help you find a home that fits your needs and guide you throughout the process.
👉 Schedule a Visit
👉 Discover ARGIS Urban Viana, ARGIS Urban Nature, and ARGIS Nuevo Norte
Frequently Asked Questions About Buying Your First Home in Madrid
What is the Mi Primera Vivienda Program?
It is an initiative promoted by the Madrid Regional Government that facilitates access to homeownership through more favorable financing conditions managed by participating banks.
Its goal is to help financially solvent buyers who may not yet have sufficient savings for the initial down payment.
Which Banks Offer This Type of Financing?
This type of financing is available through institutions such as Banco Santander, Unicaja, and CaixaBank, among others.
Each bank evaluates applications individually, so conditions may vary depending on the buyer’s profile.
Can I Buy a Home Without Having the Full Initial Savings?
In some cases, it is possible to access financing with a lower initial savings requirement, always subject to bank approval.
However, buyers should still account for additional purchase-related costs such as notary fees, registration fees, taxes, and other transaction expenses.
Proper financial planning remains essential before purchasing a property.
What Types of Homes Qualify for This Program?
Not all homes meet the program requirements. Conditions are established within the framework of the Mi Primera Vivienda program and applied by financial institutions during the approval process.
At ARGIS Living, we offer homes in Tetuán and northern Madrid that may fit within these criteria, helping facilitate access to this type of financing.
Where Is the Best Place to Buy a First Home in Madrid?
It depends on your needs and lifestyle. Areas such as Tetuán stand out for their location and connectivity, while northern Madrid offers new opportunities in rapidly growing areas.
Choosing a well-connected neighborhood with strong services and amenities is key for long-term quality of life.
What Is Madrid Nuevo Norte and How Will It Impact Housing?
Madrid Nuevo Norte is one of the largest urban development projects in Europe.
Its impact will improve connectivity, services, and economic activity across northern Madrid, positively influencing its evolution as a residential area.
How Can I Know If I Qualify to Buy a Home?
The first step is analyzing your financial situation and understanding the available options.
At ARGIS Living, we help you identify which homes may fit your needs and guide you through the process.
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