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
BarrioPalacio
Has had a price cut
Showing 80 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
80 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
PalacioPalacio · Terrace€795,000€4,8181652Below fair−47%0No readBarnes Madrid
Palacio-AustriasPalacio€1,600,000€7,5122133Below fair−42%178No readThe Sibarist
Centro, MadridThe property is located just a few metres from Plaza de la Villa and very close to the Royal Palace and Almudena Cathedral, in one of the quietest areas of Madrid de los Austrias. Surrounded by elegant historic buildings, the area also stands out for its green spaces and open views, an added value that provides an excellent quality of life.Its magnificent location offers quick access to several bus lines and an extensive taxi service. The neighbourhood has a diverse commercial fabric, with traditional establishments that still preserve the essence of authentic Madrid, as well as a carefully selected range of hotels, from luxury boutique options to more functional establishments.The culinary offering follows the same pattern, combining historic taverns with international restaurants. A pleasant stroll allows residents to enjoy an incomparable cultural setting, from the recently opened Gallery of the Royal Collections to the historical richness of emblematic squares such as Plaza de la Villa, Plaza de Oriente and Plaza de Ramales. Ultimately, it is an unbeatable location for experiencing the charm of historic Madrid at close quarters.Show morePalacio · Terrace€855,000€5,7001503Below fair−39%12No readEngel & Völkers
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€1,025,000€5,9591723Below fair−36%0No readGilmar
Palacio, Madrid ciudadPalacio · 1st floor, terrace€725,000€5,6201293Below fair−33%12No readAProperties
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,350,000€8,1331663Below fair−26%60No readGilmar
CentroPalacio · 2nd floor, terrace€1,050,000€8,0771302Below fair−25%110No readEngel & Völkers
Lienzo en blanco en PalacioPalacio · 4th floor, lift€1,400,000€7,2921924Below fair−24%179No readDiza Consultores
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,379,000€7,1821926Below fair−24%159No readGilmar
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€1,950,000€8,0252437Below fair−23%601 · −2%Gilmar
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€795,000€7,5711051Below fair−20%176No readGilmar
San Blas, MadridIn the Arturo Soria area, one of Madrid’s most distinguished residential neighborhoods, this location appeals to families, professionals, and international buyers who value privacy, amenities, and excellent connections. The neighborhood combines tree-lined streets, prestigious schools, medical centers, select shops, and a refined dining scene.Just minutes away are Palacio de Hielo, Quinta de los Molinos Park, and Metropolitano Stadium, ideal for leisure, sports, and major events. The nearest metro station provides access to the city center in approximately 20 minutes, while Adolfo Suárez Madrid–Barajas Airport is about 15 minutes away by car. Access to the M-30 and A-2 also facilitates travel throughout the capital.A privileged location combining residential tranquility, strategic connectivity, and Madrid’s characteristic sophistication—perfect for enjoying a sophisticated urban lifestyle without compromising well-being.Show morePalacio · 4th floor, terrace€1,250,000€8,2781512Below fair−19%12No readEngel & Völkers
CentroPalacio · 1st floor, terrace€1,495,000€7,5511983Below fair−18%175No readEngel & Völkers
Palacio, Madrid ciudadPalacio · 3rd floor, terrace€1,500,000€7,8131922Below fair−17%1No readAProperties
Renovated 3-bed apartment in Palacio, CentroPalacio€1,100,000€7,6921433Below fair−16%12No readLucas Fox
Palacio, Madrid ciudadPalacio · 3rd floor, terrace€1,500,000€7,8131922Below fair−15%1No readAProperties
CentroPalacio · 2nd floor, terrace€929,000€8,1491142Below fair−14%175No readEngel & Völkers
Piso en venta en Sol – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€730,000€10,139722Fair−12%176No readGilmar
PalacioPalacio · Ground floor, terrace€844,000€8,0381053Below fair−12%144No readColdwell Banker
CentroPalacio · 5th floor, terrace€2,000,000€8,2642423Below fair−10%147No readEngel & Völkers
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,500,000€8,4751772Fair−8%176No readGilmar
CentroPalacio · Ground floor, terrace€1,195,000€8,3571433Fair−8%175No readEngel & Völkers
Centro, MadridThe property is located just a few meters from Plaza de la Villa, close to the Royal Palace and Almudena Cathedral, on one of the capital's most historic streets. Surrounded by stately architecture, the area also features nearby green spaces and open views, enhancing the overall quality of life.The neighborhood benefits from excellent transport links, with multiple bus routes and easily accessible taxi stands. It boasts a rich commercial fabric where traditional local shops preserving the authentic charm of old Madrid coexist with a wide range of hotels, from luxury boutique properties to more accessible options.The culinary scene follows suit, blending classic taverns with international dining. A short stroll brings you to the city’s premier cultural landmarks, including the impressive Royal Collections Gallery and historic landmarks such as Plaza de Oriente, Plaza de Ramales, and Plaza de la Villa. In short, an unbeatable location from which to experience the best of historic Madrid.Show morePalacio · 2nd floor, terrace€890,000€8,2411082Fair−8%12No readEngel & Völkers
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,700,000€8,8541927Fair−7%159No readGilmar
1–24 of 80 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.