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 188 homes1 filter on · Clear all
Sort: Gap to fair value, highest first
188 homesGap to fair value, highest first
Homes for sale in Centro, sorted by gap to fair value, highest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Malasaña - Universidad, Madrid ciudadMalasaña · 3rd floor, terrace€1,800,000€9,5241894Below fair−2%1364 · −10%AProperties
Preciosa Propiedad a estrenar en JustíciaJusticia · Ground floor, parking€2,350,000€9,0382604Below fair−4%167No readDe Salas
Piso en venta en Malasaña – Madrid | Gilmar Consulting InmobiliarioMalasaña · Terrace€740,000€7,957932Below fair−5%108No readGilmar
Palacio, Madrid ciudadPalacio · 3rd floor, terrace€2,740,000€8,9843054Below fair−6%1No readAProperties
Centro8th floor, terrace€2,180,000€12,3861763Below fair−7%175No readEngel & Völkers
CentroPalacio · 5th floor, terrace€2,000,000€8,2642423Below fair−10%147No readEngel & Völkers
CentroGround floor, terrace€875,000€8,1781072Below fair−10%111No readHousingo
CentroMalasaña · Lift€1,269,000€8,6921463Below fair−10%0No readBarnes Madrid
CentroTerrace€3,393,793€9,8093463Below fair−11%176No readWalter Haus
Fabuloso piso en edificio rehabilitado en JusticiaJusticia€2,200,000€9,7352263Below fair−11%167No readVeraltia
Malasaña - Universidad, Madrid ciudadMalasaña · 3rd floor, terrace€925,000€8,3331112Below fair−11%136No readAProperties
JusticiaJusticia · 2nd floor€840,000€7,7061094Below fair−11%6No readBarnes Madrid
Centro, MadridMalasaña · Lift€1,269,000€8,6921463Below fair−11%3No readEspígul
Chueca - Justicia, Madrid ciudadLower ground, terrace€790,000€8,404942Below fair−11%1No readAProperties
Calle Corredera Baja de San Pablo, 43,Local 28004 Madrid (M)Ground floor, lift€1,250,000€8,333150No readBelow fair−12%176No readTecnocasa
PalacioPalacio · Ground floor, terrace€844,000€8,0381053Below fair−12%144No readColdwell Banker
CentroGround floor, lift€875,000€7,6751143Below fair−12%25No readHousingo
Centro2nd floor€1,119,000€8,0501393Below fair−12%0No readBarnes Madrid
SolTerrace€1,119,000€8,0501392Below fair−13%176No readColdwell Banker
Ático con terraza en una de las mejores zonas del centro de MadridTerrace€1,750,000€8,1402152Below fair−13%67No readOlisson Club
CentroPalacio · 2nd floor, terrace€929,000€8,1491142Below fair−14%175No readEngel & Völkers
Madrid, CentroMalasaña · 2nd floor, lift€1,200,000€6,8571754Below fair−14%135No readDomus Aurea Capital
Centro, MadridTerrace€1,119,000€8,0501393Below fair−14%3No readEspígul
Reforma a estrenar en el centro historico de Madrid3rd floor, terrace€1,240,000€7,8981573Below fair−15%1792 · −14%Diza Consultores
1–24 of 188 homes
  • Malasaña - Universidad, Madrid ciudadMalasaña · 189 m² · 4 bed€1,800,000€9,524/m²
    −2%Vs fair
    136Days listed
    4 · −10%Cuts
    Below fairAProperties
  • Preciosa Propiedad a estrenar en JustíciaJusticia · 260 m² · 4 bed€2,350,000€9,038/m²
    −4%Vs fair
    167Days listed
    No readCuts
    Below fairDe Salas
  • Piso en venta en Malasaña – Madrid | Gilmar Consulting InmobiliarioMalasaña · 93 m² · 2 bed€740,000€7,957/m²
    −5%Vs fair
    108Days listed
    No readCuts
    Below fairGilmar
  • Palacio, Madrid ciudadPalacio · 305 m² · 4 bed€2,740,000€8,984/m²
    −6%Vs fair
    1Days listed
    No readCuts
    Below fairAProperties
  • Centro176 m² · 3 bed€2,180,000€12,386/m²
    −7%Vs fair
    175Days listed
    No readCuts
    Below fairEngel & Völkers
  • CentroPalacio · 242 m² · 3 bed€2,000,000€8,264/m²
    −10%Vs fair
    147Days listed
    No readCuts
    Below fairEngel & Völkers
  • Centro107 m² · 2 bed€875,000€8,178/m²
    −10%Vs fair
    111Days listed
    No readCuts
    Below fairHousingo
  • CentroMalasaña · 146 m² · 3 bed€1,269,000€8,692/m²
    −10%Vs fair
    0Days listed
    No readCuts
    Below fairBarnes Madrid
  • Centro346 m² · 3 bed€3,393,793€9,809/m²
    −11%Vs fair
    176Days listed
    No readCuts
    Below fairWalter Haus
  • Fabuloso piso en edificio rehabilitado en JusticiaJusticia · 226 m² · 3 bed€2,200,000€9,735/m²
    −11%Vs fair
    167Days listed
    No readCuts
    Below fairVeraltia
  • Malasaña - Universidad, Madrid ciudadMalasaña · 111 m² · 2 bed€925,000€8,333/m²
    −11%Vs fair
    136Days listed
    No readCuts
    Below fairAProperties
  • JusticiaJusticia · 109 m² · 4 bed€840,000€7,706/m²
    −11%Vs fair
    6Days listed
    No readCuts
    Below fairBarnes Madrid
  • Centro, MadridMalasaña · 146 m² · 3 bed€1,269,000€8,692/m²
    −11%Vs fair
    3Days listed
    No readCuts
    Below fairEspígul
  • Chueca - Justicia, Madrid ciudad94 m² · 2 bed€790,000€8,404/m²
    −11%Vs fair
    1Days listed
    No readCuts
    Below fairAProperties
  • Calle Corredera Baja de San Pablo, 43,Local 28004 Madrid (M)150 m²€1,250,000€8,333/m²
    −12%Vs fair
    176Days listed
    No readCuts
    Below fairTecnocasa
  • PalacioPalacio · 105 m² · 3 bed€844,000€8,038/m²
    −12%Vs fair
    144Days listed
    No readCuts
    Below fairColdwell Banker
  • Centro114 m² · 3 bed€875,000€7,675/m²
    −12%Vs fair
    25Days listed
    No readCuts
    Below fairHousingo
  • Centro139 m² · 3 bed€1,119,000€8,050/m²
    −12%Vs fair
    0Days listed
    No readCuts
    Below fairBarnes Madrid
  • Sol139 m² · 2 bed€1,119,000€8,050/m²
    −13%Vs fair
    176Days listed
    No readCuts
    Below fairColdwell Banker
  • Ático con terraza en una de las mejores zonas del centro de Madrid215 m² · 2 bed€1,750,000€8,140/m²
    −13%Vs fair
    67Days listed
    No readCuts
    Below fairOlisson Club
  • CentroPalacio · 114 m² · 2 bed€929,000€8,149/m²
    −14%Vs fair
    175Days listed
    No readCuts
    Below fairEngel & Völkers
  • Madrid, CentroMalasaña · 175 m² · 4 bed€1,200,000€6,857/m²
    −14%Vs fair
    135Days listed
    No readCuts
    Below fairDomus Aurea Capital
  • Centro, Madrid139 m² · 3 bed€1,119,000€8,050/m²
    −14%Vs fair
    3Days listed
    No readCuts
    Below fairEspígul
  • Reforma a estrenar en el centro historico de Madrid157 m² · 3 bed€1,240,000€7,898/m²
    −15%Vs fair
    179Days listed
    2 · −14%Cuts
    Below fairDiza Consultores

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.