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 275 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
275 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Sol, Madrid ciudad2nd floor, terrace€1,139,000€8,4371353Fair−9%1No readAProperties
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,500,000€8,4751772Fair−8%176No readGilmar
Centro€1,857,331€8,4422203Fair−8%176No readWalter Haus
CentroPalacio · Ground floor, terrace€1,195,000€8,3571433Fair−8%175No readEngel & Völkers
Madrid, CentroMalasaña · 2nd floor, lift€1,100,000€8,4621303Fair−8%161No readDomus Aurea Capital
Madrid, Centro1st floor, lift€1,249,000€8,4391482Fair−8%161No readDomus Aurea Capital
Malasaña-UniversidadMalasaña · Penthouse, terrace€2,190,000€8,9022463Fair−8%1341 · −8%The Sibarist
Centro - UniversidadGround floor, terrace€1,800,000€11,3921581Fair−8%111No readSavills Spain
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
Justicia - ChuecaGround floor, terrace€3,190,000€9,9693204Fair−8%6No readColdwell Banker
Centro4th floor, lift€875,000€10,294852Fair−7%181No readHousingo
SolTerrace€1,495,000€8,3521794Fair−7%176No readColdwell Banker
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,700,000€8,8541927Fair−7%159No readGilmar
Lavapiés - Embajadores, Madrid ciudadLavapiés · 1st floor, terrace€1,560,000€8,9141752Fair−7%145No readAProperties
Madrid, CentroLavapiés · 2nd floor, terrace€1,350,000€8,9401513Fair−7%144No readDomus Aurea Capital
CentroTerrace€2,005,530€8,6452323Fair−7%140No readWalter Haus
Chalet pareado reformado con jardín sur en exclusiva urbanización privadaTerrace€3,750,000€7,5005006Fair−7%1372 · −11%Olisson Club
Malasaña - Universidad, Madrid ciudadMalasaña · 5th floor, terrace€950,000€9,794972Fair−7%115No readAProperties
Piso en venta en Justicia – Madrid | Gilmar Consulting InmobiliarioJusticia · Terrace€3,600,000€14,3432514Fair−7%39No readGilmar
Centro, MadridThe home is located in one of the most up-and-coming enclaves in central Madrid, in the Malasaña area and just minutes from Justicia, two neighborhoods that are trendsetters today thanks to their cultural, gastronomic, and retail offerings. A place where the historic character of its streets coexists with a modern, cosmopolitan urban lifestyle.In the surrounding area there is an excellent selection of chef-driven restaurants, cafés, art galleries, designer boutiques, specialty shops, and creative spaces that have made this district one of the city’s leading landmarks. Just a few minutes away are Gran Vía, Plaza de las Salesas, the Justicia neighborhood, and the Recoletos axis, home to some of Madrid’s luxury brands, five-star hotels, and most iconic buildings.The location makes it possible to reach on foot some of the capital’s most emblematic places, such as 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 offers all the services needed for everyday life, with supermarkets, gyms, schools, healthcare centers, and nearby parking, along with excellent transport links via 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 enclaves—adds extra value to this property. A location that combines the city’s dynamism with the elegance of its most prestigious areas, making it an outstanding option both for enjoying an exceptional residence and for making a top-tier long-term investment.Show moreJusticia · 1st floor, terrace€1,980,000€9,7542033Fair−7%12No readEngel & Völkers
Palacio, Madrid ciudadPalacio · 3rd floor, terrace€850,000€8,854965Fair−7%1No readAProperties
Chueca - Justicia, Madrid ciudadTerrace€700,000€10,769652Fair−7%1No readAProperties
49–72 of 275 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.