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 59 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
59 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Piso en venta en Madrid (ref.2405)2nd floor, lift€1,119,000€8,0501391Below fair−35%145No readScala Properties
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
Piso en venta en Madrid (Centro) (ref.2483)Malasaña · Lift€1,250,000€8,6811441Below fair−29%115No readScala Properties
Piso en venta en Madrid (Centro) (ref.1569)Malasaña · Ground floor, lift€1,350,000€7,1051901Below fair−25%167No readScala Properties
Piso en venta en Madrid (Centro) (ref.2045)Lift€1,350,000€8,8241531Below fair−25%12No readScala Properties
Piso en venta en Madrid (Centro) (ref.1745)Malasaña · Terrace€839,000€7,2331161Below fair−23%167No readScala Properties
Luminoso Atico con Vistas IncreiblesPenthouse, terrace€852,500€8,4411011Below fair−21%10No readOlisson Club
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€795,000€7,5711051Below fair−20%176No readGilmar
Cortes - HuertasTerrace€1,560,000€8,8641761Below fair−18%111No readColdwell Banker
Piso en venta en Madrid (Centro) (ref.1744)Lift€789,000€7,8901001Below fair−16%167No readScala Properties
Piso en venta en Madrid (Centro) (ref.2141)Lift€1,995,000€8,0442481Fair−13%167No readScala Properties
Centro, MadridThe Justice district is one of the most attractive and iconic areas of the capital, it could be categorized as a castizo-chic neighborhood in full swing, where fashion boutiques, art galleries, cinemas and theaters, reputable restaurants, bohemian cafes, bistros, charming hotels, fusion markets, tapas bars, trendy nightclubs and cutting-edge commercial offerings are mixed. It takes its name from the Supreme Court, one of the references of the area along with the other enclave of international focus, the Plaza de Chueca. Buying in Justicia, both as a personal bet and as an investment, is to set a goal of success. Its excellent location, between the emblematic Gran Vía and the most contemporary meeting point that is Alonso Martínez, with the public transport service that makes it one of the best connected areas, make this location the most sought-after by locals and visitors alike. That wonderful mix that recalls the charm of Parisian neighborhoods with facades that evoke past centuries, along with the cosmopolitan lifestyle that make it a small Notting Hill, make this little piece of the city the perfect must. Let yourself be carried away by its streets and boulevards in walks that will infect you with a lifestyle that you don't want to let go of. Because this is where you want to stay. Because in no neighborhood more fashionable than Justicia - Chueca we all feel and know that we are from Madrid.Show more1st floor, terrace€715,000€10,214701Fair−11%11No readEngel & Völkers
APARTAMENTO EN MALASAÑAMalasaña · Terrace€775,000€11,232691Fair−9%67No readThe Avenue Select Real Estate
Centro, Malasaña-UniversidadMalasaña · 2nd floor, terrace€720,000€10,435691Fair−9%12No readUnica Inmobiliaria
Centro - UniversidadGround floor, terrace€1,800,000€11,3921581Fair−8%111No readSavills Spain
Cortes - HuertasTerrace€1,800,000€9,0451991Fair−6%144No readColdwell Banker
Huertas - Cortes, Madrid ciudadHuertas · 2nd floor, terrace€1,690,000€12,1581391Fair−6%22No readAProperties
Vivienda de ensueño frente al Palacio RealPalacio · Lift€890,000€9,082981Fair−4%179No readDiza Consultores
Centro, Malasaña-UniversidadMalasaña · 4th floor, terrace€795,000€10,743741Fair−4%1361 · −5%Unica Inmobiliaria
Cortes - HuertasTerrace€2,360,000€9,7122431Fair−4%111No readColdwell Banker
CentroGround floor, terrace€850,000€11,039771Fair−1%1814 · −14%Housingo
Cortes2nd floor, terrace€850,000€14,407591Fair0%6No readBarnes Madrid
Pied Á Terre a estrenar en pleno JusticiaJusticia · 2nd floor, terrace€799,000€12,292651Fair+3%179No readDiza Consultores
La mejor ubicación de MadridPalacio · Terrace€890,000€9,082981Fair+3%87No readDiza Consultores
1–24 of 59 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.