The Spanish State Meteorological Agency – AEMET – has warned of snowfalls of up to 5cm in the north of the region from today.
In addition to the snowfall in the north, the region has been hit by high winds caused by an Atlantic storm moving across the peninsula, with overnight gusts of up to 90km reported in the capital.
Snow is presently falling heavily in the northern Madrid Sierra towns of Rascafria, Miraflores de la Sierra and other areas above altitudes of 900 metres.
The snowfall is expected to head south and hit the capital this Friday 1st January with a 75% chance of a white New Year´s Day.
The regional emergency 112 services have issued warnings for travellers on the road and to take all preparations and precautions before setting off on trips.
The rest of Spain is also affected by the Atlantic storm with AEMET issuing red weather warnings for the northern provinces of Galicia, Asturias, Cantabria and the Basque Country.