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
BarrioLas Cortes
Has had a price cut
Showing 9 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
9 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Centro, MadridWalking through the Barrio de las Letras is to immerse yourself in the history of the Spanish Golden Age. Very close to the most important art galleries in the world, the so-called "Triangle of Art", the area of Las Cortes, famous for the intense literary activity that took place in the 16th and 17th centuries, offers a wide range of cultural activities, a complete range of shops and exquisite national and international cuisine.   It is the symbolic neighbourhood where tradition and the avant-garde meet, with a privileged location, just a few minutes away from then new luxury Canalejas Center, good connected with Atocha train station, very close to the Paseo del Prado and the Royal Botanical Gardens. The building is surrounded by art galleries, film libraries, antique shops and a wide range of cafés and restaurants that make “El Barrio de Las Letras” certainly one of the most convenient and relaxed neighborhoods in Central Madrid.Show moreLas Cortes · 5th floor, terrace€900,000€6,7161342Below fair−37%103No readEngel & Völkers
Piso exterior reformado con balcones en las CortesLas Cortes · Lift€1,200,000€6,7801773Below fair−25%167No readVeraltia
Centro, MadridExploring the Literary Quarter means immersing yourself in the living history of Spain’s Golden Age. Very close to some of the world’s most important art museums—the so-called Art Triangle—the Las Cortes area, renowned for the intense literary activity that flourished there during the 16th and 17th centuries, offers a broad cultural program, a complete range of shops, and exquisite national and international cuisine. It is the emblematic neighborhood where tradition and modernity come together, enjoying a privileged location just minutes from the new Canalejas luxury complex, near the Paseo del Prado, Neptune Square, and the Royal Botanical Garden. The property is surrounded by art galleries, film archives, antique dealers, and a diverse selection of cafés and restaurants, making “the Literary Quarter” undoubtedly one of the most special neighborhoods in central Madrid.Show moreLas Cortes · 1st floor, terrace€1,290,000€6,7191924Below fair−18%6No readEngel & Völkers
Las CortesLas Cortes · Terrace€1,100,000€10,0001102Fair+9%12No readThe Sibarist
Las CortesLas Cortes€1,380,000€12,0001152Above fair+27%178No readThe Sibarist
Apartment with four balconies to renovate in the heart of MadridLas Cortes · Terrace€1,300,000€10,6561222Fair+35%1361 · −4%Spain Sotheby's International Realty
Las Cortes, MadridLas Cortes€1,440,000€12,9731112Above fair+37%178No readThe Sibarist
Las CortesLas Cortes · Terrace€5,500,000€13,9243956No readNo read178No readThe Sibarist
Ático de lujo dúplex en la plaza de las CortesLas Cortes · Ground floor, terrace€5,250,000€13,8163803No readNo read111No readDiza Consultores
1–9 of 9 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.