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
Barrio
All barrios
Has had a price cut
Showing 328 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
328 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
Apartamento exclusivo en Costa DoradaTerrace€723,000€5,2391382Below fair−46%137No readOlisson Club
CentroMalasaña · 5th floor, terrace€1,100,000€6,8751602Below fair−44%181No readHousingo
Piso en venta en Fuentelarreina – Madrid | Gilmar ConsultingTerrace€725,000€5,2921372Below fair−42%0No readGilmar
Malasaña - Universidad, Madrid ciudadMalasaña · 3rd floor, terrace€950,000€5,5881702Below fair−40%136No readAProperties
Malasaña - Universidad, Madrid ciudadMalasaña · 5th floor, terrace€1,374,000€5,9742302Below fair−40%1No readAProperties
Chueca , Justicia€870,000€5,6131552Below fair−39%132No readETURES
Sol, Madrid ciudad2nd floor, terrace€1,350,000€6,1092212Below fair−38%115No readAProperties
Lavapiés - Embajadores, Madrid ciudadLavapiés · 1st floor, terrace€900,000€5,7691562Below fair−38%1No readAProperties
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 en venta en Madrid (ref.2405)2nd floor, lift€1,119,000€8,0501391Below fair−35%145No readScala Properties
Centro3rd floor, terrace€946,000€7,6291242Below fair−35%110No readEngel & Völkers
Centro, MadridLocated in the very heart of Salesas, one of Madrid’s most exclusive and sought-after areas, the property is just minutes from the historic Convent of the Royal Salesas and its emblematic square. Surrounded by renowned restaurants, prestigious boutiques, art galleries, bookshops, and exclusive stores, it offers a unique lifestyle in one of the capital’s most distinctive neighborhoods.Its prime location, just minutes from the Paseo de Recoletos, Retiro Park, Gran Vía, and Columbus Square, together with excellent transport links, makes this property an outstanding option both for those seeking an exclusive residence and for investors wishing to acquire a high-end asset in one of Madrid’s most in-demand and promising areas.Show more3rd floor, terrace€990,000€9,7061021Below fair−35%12No readEngel & Völkers
Dúplex renovado junto a Plaza de España y Príncipe Pío€780,000€6,0001302Below fair−34%167No readVeraltia
Lavapiés - Embajadores, Madrid ciudadLavapiés · 3rd floor, terrace€749,000€8,511882Below fair−33%1591 · −3%AProperties
Chueca - Justicia, Madrid ciudadPenthouse, terrace€1,000,000€7,4071352Below fair−33%34No readAProperties
Malasaña - Universidad, Madrid ciudadMalasaña · 1st floor, terrace€750,000€6,0001252Below fair−32%1362 · −6%AProperties
Lavapiés - Embajadores, Madrid ciudadLavapiés · 2nd floor, terrace€720,000€6,4291122Below fair−32%58No readAProperties
Modern flat in the center of MadridTerrace€955,000€7,7021242Below fair−31%103No readSpain Sotheby's International Realty
CentroPenthouse, terrace€1,050,000€8,5371232Below fair−30%175No readEngel & Völkers
Luminosidad, vistas y ubicación privilegiada junto a la Plaza MayorTerrace€895,000€8,9501002Below fair−30%87No readOlisson Club
Bajo en venta en Salvador – Madrid | Gilmar Consulting InmobiliarioTerrace€895,000€6,4861382Below fair−30%9No readGilmar
CentroMalasaña · 3rd floor€748,000€6,5041152Below fair−30%6No readBarnes Madrid
Piso en venta en Madrid (Centro) (ref.2483)Malasaña · Lift€1,250,000€8,6811441Below fair−29%115No readScala Properties
1–24 of 328 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.