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 113 homes2 filters on · Clear all
Sort: Gap to fair value, lowest first
113 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
CentroHuertas · Penthouse, terrace€1,120,000€9,2561212Fair−22%175No readEngel & Völkers
Centro€750,000€18,293412Fair−16%6No readBarnes Madrid
Centro, MadridMalasaña · 5th floor, lift€735,000€9,671762Fair−16%0No readEspígul
CentroMalasaña · Penthouse, terrace€1,000,000€8,7721142Fair−14%175No readEngel & Völkers
CentroMalasaña · 1st floor, terrace€1,500,000€11,2781332Fair−13%181No readHousingo
Sol, Madrid ciudad3rd floor, terrace€919,000€8,2051122Fair−13%1No readAProperties
Piso en venta en Sol – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€730,000€10,139722Fair−12%176No readGilmar
CentroTerrace€1,315,818€8,2761592Fair−11%176No readWalter Haus
CentroPenthouse, terrace€1,025,000€9,1521122Fair−11%175No readEngel & Völkers
Malasaña - Universidad, Madrid ciudadMalasaña · 1st floor, terrace€795,000€10,325772Fair−11%1031 · −9%AProperties
Centro, MadridIn the heart of Malasaña, one of Madrid’s most sophisticated and vibrant districts, this location appeals to those who value historic architecture, urban culture, and cosmopolitan living. Its tree-lined streets combine select boutiques, galleries, bookshops, and an exceptional gastronomic offering.Tribunal station is approximately a 5-minute walk away, with Metro connections to the rest of the capital; Gran Vía, about 8 minutes on foot, provides access to the main shopping areas. Puerta del Sol is around a 15-minute walk away, while Adolfo Suárez Madrid–Barajas Airport is approximately 25 minutes by car, depending on traffic.Just a short distance away are the Madrid History Museum, San Ildefonso Market, and the lively Plaza del Dos de Mayo. The nearby historic center offers theaters, fine-dining restaurants, and a first-rate cultural calendar.A prestigious address capturing Madrid’s most elegant, creative, and dynamic essence, ideal for those wishing to experience the city with distinction and complete comfort.Show moreMalasaña · 2nd floor, terrace€720,000€10,435692Fair−11%11No readEngel & Völkers
Madrid, Centro1st floor, lift€890,000€8,3961062Fair−10%99No readDomus Aurea Capital
JusticiaJusticia · Terrace€2,291,000€13,7191672Fair−9%144No readGlanz
Sol, Madrid ciudad3rd floor, terrace€995,000€6,8151462Fair−9%1333 · −17%AProperties
Centro4th floor, terrace€1,690,000€9,3371812Fair−9%108No readEngel & Völkers
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,500,000€8,4751772Fair−8%176No readGilmar
Madrid, Centro1st floor, lift€1,249,000€8,4391482Fair−8%161No readDomus Aurea Capital
CentroMalasaña · 2nd floor, terrace€925,000€8,8101052Fair−8%110No readEngel & Völkers
Centro, MadridIn the heart of Habsburg Madrid, this location appeals to those seeking history, culture, and urban sophistication just steps away. Plaza Mayor is approximately a 2-minute walk, the Royal Palace and Almudena Cathedral are 6 minutes away, and San Miguel Market is practically on the doorstep.The surroundings combine grand historic façades, signature restaurants, select shops, and a vibrant cultural scene. Sol Station is about an 8-minute walk away, with metro and Cercanías commuter-train connections; Atocha is around 15 minutes by taxi, and Adolfo Suárez Madrid–Barajas Airport approximately 25 minutes by car.Strolling through historic Madrid, discovering galleries, theaters, and terraces, or watching the sunset from the Royal Palace gardens turns each day into an exceptional experience. An iconic address where traditional Madrid elegance and the capital’s cosmopolitan energy meet in perfect harmony.Show more6th floor, terrace€2,100,000€8,9742342Fair−8%12No 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
Centro4th floor, lift€875,000€10,294852Fair−7%181No readHousingo
Lavapiés - Embajadores, Madrid ciudadLavapiés · 1st floor, terrace€1,560,000€8,9141752Fair−7%145No readAProperties
Malasaña - Universidad, Madrid ciudadMalasaña · 5th floor, terrace€950,000€9,794972Fair−7%115No readAProperties
Chueca - Justicia, Madrid ciudadTerrace€700,000€10,769652Fair−7%1No readAProperties
1–24 of 113 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.