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 433 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
433 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Huertas - Cortes, Madrid ciudadHuertas · Terrace€995,000€6,5891514Below fair−47%871 · −9%AProperties
CentroTerrace€1,469,000€4,9462974Below fair−44%175No readEngel & Völkers
Piso en venta en Embajadores – Madrid | Gilmar Consulting InmobiliarioEmbajadores · Terrace€940,000€5,2811784Below fair−43%108No readGilmar
Piso en venta en La Paz – Madrid | Gilmar Consulting InmobiliarioTerrace€1,330,000€5,8592275Below fair−43%9No readGilmar
Palacio-AustriasPalacio€1,600,000€7,5122133Below fair−42%178No readThe Sibarist
Piso en venta en Lavapiés – Madrid | Gilmar Consulting InmobiliarioLavapiés · Terrace€898,000€5,3771676Below fair−42%601 · −9%Gilmar
Justicia, MadridJusticia · Parking€2,290,000€9,2712473Below fair−40%145No readBHHS Spain
Espectacular loft exclusivos en la Costa Dorada rodeados de naturalezaTerrace€1,026,000€5,7321794Below fair−40%137No readOlisson Club
Puro MediterráneoTerrace€1,020,000€5,6981794Below fair−40%137No readOlisson Club
CentroEmbajadores · Terrace€1,020,000€5,6981793Below fair−40%110No readEngel & Völkers
Investment opportunity in the center of Madrid.Terrace€1,395,000€6,3412204Below fair−39%137No readSpain Sotheby's International Realty
Centro, Sol5th floor, lift€2,580,000€7,3503515Below fair−39%34No readUnica Inmobiliaria
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
Vivir al sol: ático reformado con gran terraza y amplias estanciasTerrace€1,200,000€7,5001603Below fair−37%137No readOlisson Club
Centro, Malasaña-UniversidadMalasaña · Ground floor, lift€750,000€5,7251315Below fair−37%61No readUnica Inmobiliaria
Piso en venta en Barrio del Pilar – Madrid | Gilmar ConsultingTerrace€715,000€5,7661244Below fair−37%0No readGilmar
Piso en venta en Sol – Madrid | Gilmar Consulting InmobiliarioTerrace€710,000€5,9661193Below fair−36%159No readGilmar
CentroJusticia · 2nd floor, terrace€1,985,000€10,0761973Below fair−36%111No readEngel & Völkers
Amplio piso llave en manoJusticia · 3rd floor, lift€2,500,000€9,9602514Below fair−36%87No readDiza Consultores
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€1,025,000€5,9591723Below fair−36%0No readGilmar
Piso en venta en Lavapiés – Madrid | Gilmar Consulting InmobiliarioLavapiés · Lift€760,000€5,8021316Below fair−36%0No readGilmar
Spacious 4-bed apartment with terrace in CentroJusticia · Terrace€2,350,000€9,1802564Below fair−35%181No readLucas Fox
CentroTerrace€840,000€6,0001404Below fair−35%176No readWalter Haus
Centro2nd floor, terrace€1,119,000€8,0501393Below fair−35%175No readEngel & Völkers
1–24 of 433 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.

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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.