District · one of Madrid’s 21
Madrid's most prestigious address. Belle Époque architecture, designer boutiques, and quiet, tree-lined streets.
1,410for sale527 to rent
from 41 agencies · checked this morning
At a glance
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.
€69,147a year
Household income · Madrid €49,916
Official district, including Recoletos
People
€12,803per m²
Madrid, homes we track: €11,013
Price trend
up 11.0%in a yearup 1.6%on the quarter
Official price index · all second-hand sales in the district
What homes here sold for
Homes for sale now
€30.6per m² a month
Madrid, homes we track: €29.7
Rents declared for tax
Homes to rent now
Asking rents of the homes we track. Declared rents come from tax returns and run about two years behind.
No grade for mortgage defaults or squatting (okupación), on purpose. Spain publishes both only for the whole province, so a Salamanca grade would be invented precision.
Homes in Salamanca
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.
| Photo | Address | Price | €/m² | m² | Beds | Verdict | Vs fair | Days | Cuts | Agency |
|---|---|---|---|---|---|---|---|---|---|---|
 | Exclusive property in the Salamanca neighborhoodTerrace | €2,700,000 | €15,698 | 172 | 3 | Above fair | +21% | 137 | No read | Spain Sotheby's International Realty |
 | 3-bedroom flat in CastellanaCastellana · Terrace | €2,049,000 | €16,008 | 128 | 3 | Fair | +21% | 137 | No read | Spain Sotheby's International Realty |
 | Renovated modern flat in Barrio SalamancaTerrace | €1,395,000 | €14,531 | 96 | 2 | Above fair | +21% | 116 | 1 · −7% | Spain Sotheby's International Realty |
 | GoyaGoya · Lift | €2,460,000 | €15,871 | 155 | 2 | Above fair | +21% | 97 | No read | Glanz |
 | Lista, Madrid ciudadLista · 2nd floor, terrace | €829,000 | €14,804 | 56 | 2 | Above fair | +21% | 68 | No read | AProperties |
 | Propiedad de Obra Nueva en venta en Salamanca | Goya | Madrid.Goya · 6th floor, terrace | €6,500,000 | €27,426 | 237 | 3 | Above fair | +21% | 19 | No read | Christie's Real Estate Madrid |
 | Magnífica propiedad en venta en Castellana | Salamanca | MadridCastellana · Terrace | €9,500,000 | €15,702 | 605 | 6 | Fair | +21% | 19 | No read | Christie's Real Estate Madrid |
| ListaLista · 4th floor, lift | €1,699,000 | €14,774 | 115 | 3 | Above fair | +21% | 7 | No read | Barnes Madrid | |
 | Nuñez de Balboa4th floor, parking | €2,450,000 | €18,148 | 135 | 2 | Above fair | +21% | 4 | No read | Gran Madrid VIP |
 | Distrito SalamancaGoya · 2nd floor, lift | €2,289,000 | €16,007 | 143 | 3 | Above fair | +22% | 181 | No read | Housingo |
 | Renovated 3-bed penthouse with 163m² terrace in Goya, SalamancaGoya · Penthouse, terrace | €2,720,000 | €16,687 | 163 | 3 | Above fair | +22% | 181 | No read | Lucas Fox |
 | Piso en venta en Madrid (Salamanca) (ref.2181)Terrace | €8,000,000 | €17,316 | 462 | 1 | Above fair | +22% | 167 | No read | Scala Properties |
 | Piso en venta en Madrid (Salamanca) (ref.2183)Terrace | €5,395,000 | €16,703 | 323 | 1 | Above fair | +22% | 167 | No read | Scala Properties |
 | Madrid, SalamancaGoya · 6th floor, terrace | €850,000 | €14,167 | 60 | 1 | Above fair | +22% | 162 | 1 · −11% | Domus Aurea Capital |
 | Salamanca, MadridTerrace | €1,637,000 | €15,740 | 104 | 1 | Above fair | +22% | 148 | No read | BHHS Spain |
 | Goya, MadridGoya · Parking | €3,200,000 | €14,545 | 220 | 4 | Above fair | +22% | 148 | No read | BHHS Spain |
 | Vivienda exclusiva en SalamancaCastellana · Ground floor, terrace | €3,990,000 | €15,833 | 252 | 4 | Above fair | +22% | 137 | 1 · −5% | Olisson Club |
 | Madrid, SalamancaCastellana · 3rd floor, lift | €4,200,000 | €16,535 | 254 | 4 | Above fair | +22% | 112 | No read | Domus Aurea Capital |
 | GoyaGoya · Terrace | €3,711,015 | €15,335 | 242 | 3 | Above fair | +22% | 13 | No read | Coldwell Banker |
 | Salamanca, MadridLista · Lift | €2,109,000 | €14,957 | 141 | 3 | Above fair | +22% | 3 | No read | Espígul |
 | Fantástica vivienda de obra nueva en CastellanaCastellana · Ground floor, terrace | €4,015,000 | €15,037 | 267 | 3 | Above fair | +23% | 180 | No read | Diza Consultores |
| SalamancaCastellana · 1st floor, terrace | €7,850,000 | €17,406 | 451 | 4 | Above fair | +23% | 148 | No read | Engel & Völkers | |
 | Arquitectura histórica, lujo contemporáneoCastellana · Terrace | €1,550,000 | €15,500 | 100 | 2 | Above fair | +23% | 137 | No read | Olisson Club |
 | Goya, Madrid ciudadGoya · 6th floor, terrace | €1,995,000 | €14,353 | 139 | 2 | Above fair | +23% | 113 | 2 · −13% | AProperties |
1,033–1,056 of 1,398 homes | ||||||||||
Asking prices, as published; not checked against the deed. “Below fair” means cheaper per m² than three in four similar homes nearby.
The market over time
Official records only. Sale prices and homes sold go back to 2007, the official price index to 2022, and declared rents to 2011. Our own weekly asking prices join in mid-November.
€9,391per m²
Average price per m² in registered sales of second-hand homes in 2025, before we bring it forward to this quarter (€11,000 at a glance). The 2007 peak was €5,161; the 2014 low €3,502.
| Year | Salamanca | Madrid |
|---|---|---|
| 2025 | €9,391 | €5,334 |
| 2024 | €7,765 | €4,544 |
| 2023 | €7,375 | €4,077 |
| 2022 | €6,463 | €3,966 |
| 2021 | €5,647 | €3,649 |
| 2020 | €5,479 | €3,572 |
| 2019 | €5,740 | €3,473 |
| 2018 | €5,399 | €3,387 |
| 2017 | €4,807 | €2,945 |
| 2016 | €4,146 | €2,638 |
| 2015 | €3,703 | €2,461 |
| 2014 | €3,502 | €2,406 |
| 2013 | €3,538 | €2,383 |
| 2012 | €3,709 | €2,631 |
| 2011 | €4,380 | €3,133 |
| 2010 | €4,377 | €3,301 |
| 2009 | €4,346 | €3,288 |
| 2008 | €4,910 | €3,687 |
| 2007 | €5,161 | €3,860 |
+58.7%since early 2022
Official index of second-hand sale prices, 2022 = 100. Madrid rose 53.8% over the same quarters. The year and quarter changes are in At a glance.
| Quarter | Salamanca | Madrid |
|---|---|---|
| Q2 2026 | 149.5 | 149.6 |
| Q1 2026 | 147.1 | 145.9 |
| Q4 2025 | 144.3 | 140.5 |
| Q3 2025 | 142.2 | 138.5 |
| Q2 2025 | 134.7 | 133.2 |
| Q1 2025 | 132.7 | 126.9 |
| Q4 2024 | 125.5 | 120.4 |
| Q3 2024 | 121.4 | 116.8 |
| Q2 2024 | 116.6 | 113.0 |
| Q1 2024 | 110.5 | 108.5 |
| Q4 2023 | 114.5 | 107.0 |
| Q3 2023 | 109.5 | 105.8 |
| Q2 2023 | 108.3 | 104.3 |
| Q1 2023 | 105.2 | 102.6 |
| Q4 2022 | 104.6 | 101.9 |
| Q3 2022 | 104.3 | 101.9 |
| Q2 2022 | 96.9 | 98.9 |
| Q1 2022 | 94.2 | 97.2 |
2,357homes sold in 2025
Registered sales, second-hand and new. 39 of them were new-build. Salamanca is 6.0% of Madrid’s sales.
| Year | Sold | Of Madrid |
|---|---|---|
| 2025 | 2,357 | 6.0% |
| 2024 | 2,530 | 6.8% |
| 2023 | 1,967 | 5.6% |
| 2022 | 2,297 | 5.6% |
| 2021 | 1,939 | 5.5% |
| 2020 | 1,379 | 5.4% |
| 2019 | 1,524 | 4.4% |
| 2018 | 2,115 | 5.5% |
| 2017 | 2,284 | 5.8% |
| 2016 | 2,042 | 6.4% |
| 2015 | 1,556 | 5.8% |
| 2014 | 1,582 | 7.2% |
| 2013 | 1,273 | 6.3% |
| 2012 | 915 | 4.6% |
| 2011 | 1,148 | 5.1% |
| 2010 | 1,460 | 5.5% |
| 2009 | 1,083 | 5.0% |
| 2008 | 1,121 | 4.0% |
| 2007 | 2,000 | 5.1% |
€18.31per m² a month
Median rent on all leases declared in 2024, flats only. It moves slower than asking rents. The shaded band holds the middle half of leases.
| Year | Salamanca | Middle half | Madrid |
|---|---|---|---|
| 2024 | €18.31 | €14.45–€22.99 | €13.97 |
| 2023 | €17.21 | €13.75–€21.35 | €13.30 |
| 2022 | €16.35 | €13.13–€20.15 | €12.77 |
| 2021 | €15.67 | €12.50–€19.24 | €12.31 |
| 2020 | €15.60 | €12.14–€19.47 | €12.12 |
| 2019 | €15.32 | €11.99–€19.23 | €11.86 |
| 2018 | €13.94 | €10.75–€17.50 | €10.83 |
| 2017 | €13.16 | €10.23–€16.42 | €10.36 |
| 2016 | €12.70 | €9.86–€15.79 | €10.03 |
| 2015 | €12.26 | €9.41–€15.31 | €9.85 |
| 2014 | €12.00 | €8.95–€15.09 | €9.80 |
| 2013 | €12.20 | €8.99–€15.33 | €10.00 |
| 2012 | €12.66 | €9.36–€15.96 | €10.58 |
| 2011 | €12.82 | €9.38–€16.22 | €10.84 |
Arrives in mid-November 2026
We began recording every Monday on 21 September 2026. A line needs about eight weekly points. The change on the quarter follows around 21 December, and on the year in September 2027. It will sit beside the official index, never merged with it: ours is asking prices in the segment we track, not sales.
Coming, from: Frankly’s weekly snapshot of the listings we track. Nothing here is estimated.
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.
An independent buyer’s agent Frankly has verified. 30 minutes, free. Paid by you, not by the seller.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it. Figures cover the official district, which includes Recoletos.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2023. Licence CC BY 4.0.
Origen de los datos: Ayuntamiento de Madrid, 2024–2026. Licence CC BY 4.0.
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2024. Licence CC BY 4.0.
Source: Ministerio de Vivienda y Agenda Urbana, SERPAVI, 2011–2024 database (file last updated 9 July 2026); figures for 2024. Reused under the ministry’s terms, which require this citation.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
Source: Ministerio de Vivienda y Agenda Urbana, SERPAVI, 2011–2024 database (file last updated 9 July 2026); figures for 2024. Reused under the ministry’s terms, which require this citation.