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
CentroGround floor, terrace€1,135,000€10,5091081Fair+13%175No readEngel & Völkers
Madrid, Centro3rd floor, lift€2,550,000€10,3662464Fair+13%161No readDomus Aurea Capital
Justicia-Chueca4th floor, terrace€1,800,000€10,4651723Fair+13%115No readUnica Inmobiliaria
Magnifico piso y muy luminoso.Huertas€2,600,000€13,9041874Above fair+13%19No readOlisson Club
Cortes5th floor, terrace€1,150,000€13,068882Above fair+13%6No readBarnes Madrid
Malasaña - Universidad, Madrid ciudadMalasaña · 5th floor, terrace€1,459,000€10,9701332Fair+13%1No readAProperties
Chueca - Justicia, Madrid ciudadTerrace€1,790,000€11,8541512Fair+14%55No readAProperties
Luminoso piso reformadoTerrace€1,390,000€8,9101563Above fair+14%19No readOlisson Club
Chueca - Justicia, Madrid ciudadTerrace€1,200,000€11,7651022Fair+14%12No readAProperties
Malasaña - Universidad, Madrid ciudadMalasaña · 1st floor, terrace€1,150,000€12,778902Above fair+14%1No readAProperties
Centro2nd floor, lift€2,850,000€12,1282353Fair+15%1811 · −3%Housingo
Inversión ideal en JusticiaJusticia · Parking€750,000€12,931582Above fair+15%179No readDiza Consultores
CentroPenthouse, terrace€1,095,000€12,733862Above fair+15%175No readEngel & Völkers
Espectacular piso de 3 habitaciones completamente reformadoLift€1,750,000€9,0211943Above fair+15%137No readOlisson Club
Centro, Malasaña-UniversidadMalasaña · 4th floor, terrace€995,000€10,153982Above fair+15%1361 · −8%Unica Inmobiliaria
Centro, MadridThe Justicia neighbourhood, located in the heart of Madrid, is one of the capital’s most prestigious and sought-after areas. It combines elegant historic architecture with some of the city’s most exclusive shopping streets and important institutional buildings. The area is bordered by Sagasta and Génova streets to the north, Paseo de Recoletos to the east, Fuencarral street to the west and Gran Vía to the south. Highly valued for its vibrant yet refined atmosphere, Justicia offers a unique blend of boutiques, art galleries, renowned restaurants and charming urban spaces. Its streets are characterised by classic Madrid architecture, with period buildings featuring balconies, narrow streets and picturesque squares. Notably, the iconic SGAE building stands out as one of the few examples of modernist architecture in the city. The neighbourhood of Chueca-Justicia enjoys close proximity to some of Madrid’s most emblematic landmarks, including Puerta del Sol, Puerta de Alcalá, Museo del Prado, Palacio Real and its gardens, Catedral de Santa María la Real de la Almudena and Teatro Real. The area is exceptionally well connected, with easy access to several metro stations (Tribunal – lines 1 and 10; Alonso Martínez – lines 4, 5 and 10; Chueca – line 5) as well as numerous bus lines.Show moreTerrace€1,210,000€11,0001101Fair+15%103No readEngel & Völkers
Centro, MadridThe Justicia neighbourhood, located in the heart of Madrid, is one of the capital’s most prestigious and sought-after areas. It combines elegant historic architecture with some of the city’s most exclusive shopping streets and important institutional buildings. The area is bordered by Sagasta and Génova streets to the north, Paseo de Recoletos to the east, Fuencarral street to the west and Gran Vía to the south. Highly valued for its vibrant yet refined atmosphere, Justicia offers a unique blend of boutiques, art galleries, renowned restaurants and charming urban spaces. Its streets are characterised by classic Madrid architecture, with period buildings featuring balconies, narrow streets and picturesque squares. Notably, the iconic SGAE building stands out as one of the few examples of modernist architecture in the city. The neighbourhood of Chueca-Justicia enjoys close proximity to some of Madrid’s most emblematic landmarks, including Puerta del Sol, Puerta de Alcalá, Museo del Prado, Palacio Real and its gardens, Catedral de Santa María la Real de la Almudena and Teatro Real. The area is exceptionally well connected, with easy access to several metro stations (Tribunal – lines 1 and 10; Alonso Martínez – lines 4, 5 and 10; Chueca – line 5) as well as numerous bus lines.Show moreTerrace€1,210,000€11,0001101Fair+15%103No readEngel & Völkers
Centro, Chueca-Justicia3rd floor, terrace€1,650,000€12,6921302Fair+15%341 · −8%Unica Inmobiliaria
Centro, MadridJusticia is a neighborhood located in Madrid city centre, which holds the most beautiful and ancient monuments, the busiest shopping streets, as well as the most important government bodies of the capital. It is bordered by the streets of Sagasta and Genova in the north, Paseo de Recoletos in the east, Fuencarral street in the west and Gran Via street in the south. It is a very popular residential area with a wide variety of shops, art galleries, bars, restaurants and unique spaces, really appreciated to go out with friends. It retains the typical architecture of the city with buildings with balconies, narrow streets and small squares. We have to emphasize the building of the SGAE, one of the few modernist buildings in the city. The neighborhood of Chueca-Justicia is very close to emblematic places of the city, such as Plaza del Sol, Puerta de Alcalá, Museo del Prado, Palacio Real and its gardens, the Santa Maria la Real Almudena Cathedral, and Teatro Real. It is well served by metro (Tribunal: lines 1 and 10, Alonso Martinez: lines 4, 5 and 10, Chueca: line 5) and bus lines.Show moreTerrace€1,170,000€12,062971Fair+15%12No readEngel & Völkers
Universidad - MalasañaMalasaña · Terrace€1,180,000€9,0771302Fair+16%1761 · −13%Coldwell Banker
CentroGround floor, terrace€950,000€13,380711Above fair+16%175No readEngel & Völkers
Calle Gran Vía 30, 28013 MadridGround floor, parking€1,990,000€10,5851883Above fair+16%142No readKnight Frank
Malasaña - Universidad, Madrid ciudadMalasaña · Terrace€1,050,000€10,3961011Above fair+16%136No readAProperties
CentroMalasaña · 4th floor, terrace€1,390,000€9,9291402Fair+16%61No readHousingo
433–456 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.