Frankly.

District · one of Madrid’s 21

Centro

Historic heart of Madrid. Unmatched culture and access — at a premium.

769homes for sale right nowfor sale277 to rent

from 36 agencies · checked yesterday

See the homes

At a glance

Who lives here, what homes sell for, what they rent for.

Each card leads with the figure most buyers ask about, then compares it with Madrid city. Green means up, red means down, blue means little change.

Neighbourhood

€44,958household income a yeara year

Madrid €49,916Household income · Madrid €49,916

Official district

People

Population
down 3.1% in a year
141,800
Average age
Madrid 44.2
43.9
Aged 65 or over
Madrid 20.7%
16.9%
Registered unemployment
Madrid 5.8%
5.3%
Years of income to buy
average-size home (72 m²) ÷ household income · Madrid 9.8
11.7 years

SaleCentro · askingasking

€9,712per m²

Madrid, homes we track: €11,000

Price trend

up 3.4%in a yeardown 1.9%on the quarter

Official price index · all second-hand sales in the district

What homes here sold for

Homes here sold for about
registered sales across the whole district, brought up to this quarter · not matched to barrioswhole district · not matched to barrios
€7,350/m²
Asking vs sold
Homes we track ask about 32% more than recorded sales across the district. Part of that is location.about 32% more, whole district
+32%

Homes for sale now

Priced below our fair value
of 640 homes we can read
29%
Typical time advertised
since we first saw each one
115 days
Have cut their price
89 of 769
12%
See the homes

RentCentro · askingasking

€29.6per m² a month

Madrid, homes we track: €29.7

Rents declared for tax

In 2024
up 4.1% that year
€17.7 per m²

Homes to rent now

To rent now
homes we track
277
Typical rent
half ask less, half more
€2,950 a month
Typical time listed
since we first saw each one
129 days

Asking rents of the homes we track. Declared rents come from tax returns and run about two years behind.

See homes to rent

No grade for mortgage defaults or squatting (okupación), on purpose. Spain publishes both only for the whole province, so a Centro grade would be invented precision.

Homes in Centro

Every home for sale in Centro, with our read on each price.Every home for sale, with our read on each price.

Sorted by the gap to our fair value, so homes priced furthest below it come first. Click any column heading to sort by it instead.

For sale769For rent277
Price
€700k – €13M
Bedrooms
Any1234+
Size
41 – 1,629 m²
Our verdict
AllBelow fairFairAbove fair
BarrioJusticia
Has had a price cut
Showing 101 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
101 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Justicia, MadridJusticia · Parking€2,290,000€9,2712473Below fair−40%145No readBHHS Spain
CentroJusticia · 2nd floor, terrace€1,985,000€10,0761973Below fair−36%110No readEngel & Völkers
Amplio piso llave en manoJusticia · 3rd floor, lift€2,500,000€9,9602514Below fair−36%87No readDiza Consultores
Spacious 4-bed apartment with terrace in CentroJusticia · Terrace€2,350,000€9,1802564Below fair−35%181No readLucas Fox
Acogedor piso con dos patios en JusticiaJusticia€1,224,000€8,0001534Below fair−34%167No readVeraltia
Vivienda de lujo totalmente reformada, en un edificio clásico del barrio Justicia.Justicia · Terrace€2,550,000€10,3242474Below fair−34%137No readOlisson Club
CentroJusticia · 1st floor, terrace€1,100,000€8,3331323Below fair−33%110No readEngel & Völkers
Madrid, CentroJusticia · Ground floor, lift€1,400,000€8,1871713Below fair−32%161No readDomus Aurea Capital
CentroJusticia · Terrace€1,200,000€8,9551343Below fair−30%175No readEngel & Völkers
Apartamento completamente renovado en barrio de JusticiaJusticia · Terrace€1,400,000€8,8051593Below fair−29%164No readVeraltia
Lienzo en blanco en edificio clásico en JusticiaJusticia · Terrace€2,150,000€10,0472143Below fair−26%9No readDiza Consultores
Dúplex Único y Luminoso con Encanto Rústico en JusticiaJusticia · 4th floor, lift€1,300,000€10,3171263Below fair−20%167No readVeraltia
CentroJusticia · 2nd floor, terrace€1,580,000€8,5411855Below fair−20%110No readEngel & Völkers
Vivienda de lujo a estrenar en JusticiaJusticia · 4th floor, lift€1,780,000€10,1711753Below fair−18%143No readVeraltia
Piso reformado en JusticiaJusticia · Lift€3,290,000€12,9022553Fair−18%87No readThe Avenue Select Real Estate
Piso de lujo reformado en edificio clásico en JusticiaJusticia · Lift€3,300,000€12,9412553Fair−17%1401 · −8%Diza Consultores
CentroJusticia · 3rd floor, terrace€2,700,000€8,9113039Fair−13%147No readEngel & Völkers
Fabuloso piso en edificio rehabilitado en JusticiaJusticia€2,200,000€9,7352263Below fair−11%167No readVeraltia
JusticiaJusticia · 2nd floor€840,000€7,7061094Below fair−11%6No readBarnes Madrid
JusticiaJusticia · Terrace€2,291,000€13,7191672Fair−9%144No readGlanz
Piso en venta en Justicia – Madrid | Gilmar Consulting InmobiliarioJusticia · Terrace€3,600,000€14,3432514Fair−7%39No readGilmar
Centro, MadridThe home is located in one of the most up-and-coming enclaves in central Madrid, in the Malasaña area and just minutes from Justicia, two neighborhoods that are trendsetters today thanks to their cultural, gastronomic, and retail offerings. A place where the historic character of its streets coexists with a modern, cosmopolitan urban lifestyle.In the surrounding area there is an excellent selection of chef-driven restaurants, cafés, art galleries, designer boutiques, specialty shops, and creative spaces that have made this district one of the city’s leading landmarks. Just a few minutes away are Gran Vía, Plaza de las Salesas, the Justicia neighborhood, and the Recoletos axis, home to some of Madrid’s luxury brands, five-star hotels, and most iconic buildings.The location makes it possible to reach on foot some of the capital’s most emblematic places, such as Plaza del Dos de Mayo, Plaza de España, Puerta del Sol, and the Royal Palace, as well as a wide range of theaters, museums, and cultural centers.The area offers all the services needed for everyday life, with supermarkets, gyms, schools, healthcare centers, and nearby parking, along with excellent transport links via metro and bus, and quick access to the city’s main roads.Its proximity to the corridor formed by Gran Vía, Salesas, and Justicia—now considered one of Madrid’s most exclusive residential and commercial enclaves—adds extra value to this property. A location that combines the city’s dynamism with the elegance of its most prestigious areas, making it an outstanding option both for enjoying an exceptional residence and for making a top-tier long-term investment.Show moreJusticia · 1st floor, terrace€1,980,000€9,7542033Fair−7%12No readEngel & Völkers
JusticiaJusticia€1,790,000€11,5481553Fair−6%12No readThe Sibarist
CentroJusticia · 3rd floor, terrace€2,775,000€11,0562514Fair−5%147No readEngel & Völkers
1–24 of 101 homes

Asking prices, as published; we have not checked them against the deed. “Below fair” means cheaper per m² than three in four similar homes nearby; “Above fair”, dearer than three in four. The % compares each home with the median price per m² of those similar homes. Every row opens the home’s own page with the working shown.Asking prices, as published; not checked against the deed. “Below fair” means cheaper per m² than three in four similar homes nearby.

Found one you like? Ask before you offer.

The verified agent can tell you what the numbers above leave out: works planned on a building, how a street feels at night, and what a seller here is likely to accept.The verified agent can tell you what the numbers leave out: works planned on a building, how a street feels at night, what a seller here is likely to accept.

Check one home’s price

An independent buyer’s agent in Madrid that Frankly has verified. 30 minutes, free, no obligation — paid by you, not by the seller.An independent buyer’s agent Frankly has verified. 30 minutes, free. Paid by you, not by the seller.