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
CentroHuertas · Penthouse, terrace€1,120,000€9,2561212Fair−22%175No readEngel & Völkers
Huertas - Cortes, Madrid ciudadHuertas · 2nd floor, terrace€1,790,000€7,2472474Fair−20%1No readAProperties
Piso reformado en JusticiaJusticia · Lift€3,290,000€12,9022553Fair−18%87No readThe Avenue Select Real Estate
Piso de lujo reformado en edificio clásico en JusticiaJusticia · Lift€3,300,000€12,9412553Fair−17%1401 · −8%Diza Consultores
Centro, MadridThe Justicia district is one of the capital's most attractive and iconic neighborhoods—a vibrant blend of traditional Madrid charm and contemporary chic. Here, luxury fashion boutiques and art galleries coexist with cinemas, theaters, acclaimed restaurants, bohemian cafés, bistros, boutique hotels, gourmet markets, and buzzing tapas bars.The area takes its name from the Supreme Court, a local landmark alongside the internationally renowned Plaza de Chueca. Investing in Justicia, whether for a primary residence or a portfolio asset, is a clear statement of success. Perfectly situated between the iconic Gran Vía and the cosmopolitan hub of Alonso Martínez, its exceptional public transport links make it one of Madrid’s best-connected and most sought-after locations.With historic facades reminiscent of Parisian boulevards and a cosmopolitan lifestyle that echoes Notting Hill, this neighborhood is an absolute must. Wander its tree-lined streets and absorb a captivating lifestyle you won't want to leave behind. Because this is where you belong. In no neighborhood more fashionable than Justicia-Chueca do we feel so effortlessly at home—and so unmistakably MadrileñoShow more1st floor, terrace€1,550,000€6,9822224Fair−17%12No readEngel & Völkers
Malasaña - Universidad, Madrid ciudadMalasaña · 3rd floor, terrace€900,000€9,890914Fair−17%1No readAProperties
CentroHuertas · 1st floor, terrace€2,200,000€8,5602574Fair−16%175No readEngel & Völkers
Centro3rd floor, terrace€1,680,000€7,7062185Fair−16%175No readEngel & Völkers
Centro€750,000€18,293412Fair−16%6No readBarnes Madrid
Centro, MadridMalasaña · 5th floor, lift€735,000€9,671762Fair−16%0No readEspígul
Piso en venta en Malasaña – Madrid | Gilmar Consulting InmobiliarioMalasaña€720,000€6,0501193Fair−16%0No readGilmar
Centro, Cortes-HuertasHuertas · 1st floor, lift€1,790,000€6,8852605Fair−15%1812 · −5%Unica Inmobiliaria
Centro2nd floor, terrace€1,650,000€9,3751764Fair−15%111No readHousingo
CentroMalasaña · Penthouse, terrace€1,000,000€8,7721142Fair−14%175No readEngel & Völkers
Centro, EmbajadoresEmbajadores · 2nd floor, terrace€1,650,000€8,4181964Fair−14%1111 · 0%Unica Inmobiliaria
CentroMalasaña · 1st floor, terrace€1,500,000€11,2781332Fair−13%181No readHousingo
3-bed apartment with lift in Montera, CentroLift€919,000€8,2051123Fair−13%181No readLucas Fox
4-bed apartment with terrace in Mirasierra, CentroTerrace€1,690,000€8,0482104Fair−13%176No readGilmar
Piso en venta en Madrid (Centro) (ref.2141)Lift€1,995,000€8,0442481Fair−13%167No readScala Properties
CentroJusticia · 3rd floor, terrace€2,700,000€8,9113039Fair−13%147No readEngel & Völkers
Centro, Cortes-HuertasHuertas · 1st floor, lift€1,790,000€8,4832115Fair−13%341 · −6%Unica Inmobiliaria
Piso en venta en Cortes – Madrid | Gilmar Consulting InmobiliarioLift€1,790,000€8,4832114Fair−13%9No readGilmar
Sol, Madrid ciudad3rd floor, terrace€919,000€8,2051122Fair−13%1No readAProperties
Centro3rd floor, lift€919,000€8,2051123Fair−13%0No readBarnes Madrid
1–24 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.