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 769 homesNo filters on
Sort: Gap to fair value, lowest first
769 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 Lavapiés – Madrid | Gilmar Consulting InmobiliarioLavapiés · Terrace€1,680,000€10,1821652Fair+10%176No readGilmar
Piso reformado con encanto clásico en Justicia€1,190,000€10,0851182Fair+10%167No readVeraltia
Vivienda exclusiva de obra nueva en Huertas-CortesHuertas · Terrace€1,300,000€10,0781292Fair+10%137No readOlisson Club
Renovated 3-bed apartment with terrace in Palacio, CentroPalacio€1,700,000€10,1801673Above fair+10%38No readLucas Fox
Huertas - Cortes, Madrid ciudadHuertas · Terrace€2,385,000€10,69522311Fair+10%37No readAProperties
Centro4th floor, terrace€1,095,000€12,167902Fair+10%25No readHousingo
Centro, MadridLift€1,270,000€10,0001273Fair+10%3No readEspígul
Palacio, Madrid ciudadPalacio · 3rd floor, terrace€1,000,000€9,0911103Fair+10%1No readAProperties
Piso en venta en Justicia – Madrid | Gilmar Consulting InmobiliarioLift€1,200,000€10,0001202Fair+10%0No readGilmar
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,650,000€10,0611643Above fair+11%1761 · −3%Gilmar
Piso en venta Centro, Justicia, Madrid1 590 000 EURLift€1,590,000€11,1191432Above fair+11%1371 · −20%John Taylor Spain
Huertas - Cortes, Madrid ciudadHuertas · 2nd floor, terrace€850,000€12,879663Fair+11%58No readAProperties
Centro, MadridThe property is located in one of the most promising areas in central Madrid, in the Malasaña district and just minutes from Justicia, two neighborhoods currently setting trends with their cultural, culinary, and commercial offerings. It is a place where the historic character of its streets coexists with a modern, cosmopolitan urban atmosphere.The surrounding area offers an excellent selection of signature restaurants, cafés, art galleries, designer boutiques, specialist shops, and creative spaces that have made this one of the city’s leading destinations. Just minutes away are Gran Vía, Plaza de las Salesas, the Justicia district, and the Recoletos corridor, home to some of Madrid’s luxury brands, five-star hotels, and most iconic buildings.The location makes it possible to walk to some of the capital’s most emblematic sites, including Plaza del Dos de Mayo, Plaza de España, Puerta del Sol, and the Royal Palace, as well as a wide range of theaters, museums, and cultural centers.The area has all the services needed for everyday life, including supermarkets, gyms, schools, healthcare centers, and nearby parking facilities, along with excellent public transport connections by metro and bus and quick access to the city’s main roads.Its proximity to the corridor formed by Gran Vía, Salesas, and Justicia—now considered one of Madrid’s most exclusive residential and commercial areas—adds value to this property. This location combines the city’s dynamism with the elegance of its most distinguished neighborhoods, making it an excellent choice both for enjoying an exceptional residence and for making a first-class investment in real estate assets.Show moreTerrace€1,150,000€10,1771132Fair+11%12No readEngel & Völkers
JusticiaJusticia€990,000€11,647852Fair+11%6No readBarnes Madrid
Piso con encanto en la mejor zona de JusticiaJusticia · Lift€1,690,000€12,0711402Fair+12%1791 · −15%Diza Consultores
JusticiaJusticia · Terrace€2,050,000€12,5001643Above fair+12%178No readThe Sibarist
Lavapiés-EmbajadoresLavapiés · Terrace€1,550,000€10,4731482Fair+12%178No readThe Sibarist
CentroPalacio · 4th floor, terrace€1,675,000€10,2761633Above fair+12%175No readEngel & Völkers
Elegante vivienda reformada en el barrio de JusticiaJusticia€1,050,000€12,353852Fair+12%167No readVeraltia
Piso en venta en Justicia – Madrid | Gilmar Consulting InmobiliarioJusticia€1,950,000€12,9141513Above fair+12%9No readGilmar
Centro, Chueca-Justicia4th floor, lift€1,800,000€10,4651723Fair+12%1No readUnica Inmobiliaria
Bright 2-bed apartment with terrace in CentroTerrace€1,090,000€10,1871072Fair+13%181No readLucas Fox
Chueca - Justicia, Madrid ciudad1st floor, terrace€1,149,000€9,4181222Fair+13%1801 · −4%AProperties
Universidad - MalasañaMalasaña · Terrace€1,269,000€10,8461173Fair+13%176No readColdwell Banker
409–432 of 769 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.