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 |
|---|---|---|---|---|---|---|---|---|---|---|
 | Castellana, Madrid ciudadCastellana | €2,950,000 | €10,612 | 278 | 2 | Below fair | −24% | 181 | No read | AProperties |
 | Madrid, SalamancaLista · 2nd floor, terrace | €1,195,000 | €9,053 | 132 | 2 | Below fair | −24% | 162 | No read | Domus Aurea Capital |
 | Lista, Madrid ciudadLista · 4th floor, terrace | €1,985,000 | €9,276 | 214 | 2 | Below fair | −24% | 2 | No read | AProperties |
 | MadridLista · 1st floor, terrace | €1,300,000 | €9,774 | 133 | 2 | Below fair | −25% | 145 | No read | Domus Aurea Capital |
| ListaLista · 1st floor, lift | €900,000 | €9,474 | 95 | 2 | Below fair | −25% | 7 | No read | Barnes Madrid | |
| SalamancaGround floor, terrace | €1,100,000 | €9,565 | 115 | 1 | Below fair | −26% | 176 | No read | Engel & Völkers | |
 | Ático con 2 terrazasGuindalera · Terrace | €1,200,000 | €7,643 | 157 | 1 | Below fair | −26% | 137 | No read | Olisson Club |
 | Exclusiva propiedad con encanto en edificio emblemático de Paseo de la CastellanaCastellana · Penthouse, terrace | €1,295,000 | €9,317 | 139 | 2 | Below fair | −26% | 137 | No read | Olisson Club |
 | Elegante piso reformado a estrenar en el corazón del Barrio de SalamancaCastellana · Terrace | €780,000 | €9,286 | 84 | 1 | Below fair | −26% | 88 | 2 · −9% | Olisson Club |
 | Lista, Madrid ciudadLista · 1st floor, terrace | €890,000 | €7,807 | 114 | 2 | Below fair | −26% | 65 | No read | AProperties |
 | Lista, Madrid ciudadLista · 1st floor, terrace | €1,659,000 | €9,016 | 184 | 2 | Below fair | −26% | 2 | No read | AProperties |
 | Piso de esquina con mucha luz a en Salamanca.Goya · Parking | €1,700,000 | €9,341 | 182 | 2 | Below fair | −27% | 180 | No read | Diza Consultores |
| SalamancaGoya · Lift | €1,840,000 | €8,679 | 212 | 2 | Below fair | −27% | 176 | No read | Walter Haus | |
| SalamancaGoya · 2nd floor, terrace | €845,000 | €9,389 | 90 | 2 | Below fair | −27% | 176 | No read | Engel & Völkers | |
 | Salamanca | €795,000 | €9,464 | 84 | 2 | Below fair | −27% | 145 | 1 · −10% | Glanz |
 | SalamancaLista | €1,700,000 | €8,854 | 192 | 2 | Below fair | −27% | 145 | 2 · −10% | Glanz |
 | Castellana, Madrid ciudadCastellana · 3rd floor, terrace | €2,400,000 | €10,390 | 231 | 2 | Below fair | −27% | 131 | No read | AProperties |
 | Ático con terraza de 20m2 reformado de lujo de 2 dormitorios en Ayala6th floor, terrace | €1,350,000 | €12,054 | 112 | 2 | Below fair | −27% | 18 | No read | Diza Consultores |
| Paseo de la CastellanaCastellana · Terrace | €995,000 | €9,660 | 103 | 2 | Below fair | −27% | 4 | No read | Gran Madrid VIP | |
 | Goya, Madrid ciudadGoya · 5th floor, terrace | €1,650,000 | €9,538 | 173 | 2 | Below fair | −27% | 2 | No read | AProperties |
| Salamanca1st floor, terrace | €1,079,250 | €9,146 | 118 | 2 | Below fair | −29% | 176 | No read | Engel & Völkers | |
| Salamanca, MadridFuente del Berro is the best-kept secret in Madrid’s Salamanca district. An exclusive residential oasis in the heart of Madrid, it stands out for its Modernist mansions, garden villas, and tree-lined streets steeped in tranquility.Bordered by its historic romantic park, this enclave combines the absolute privacy and serenity of an aristocratic neighborhood with immediate access to the capital’s cosmopolitan energy: just steps from the boutiques of the Golden Mile, Ibiza’s fine dining, and the excellent connections of Alcalá Street and the M-30.In short: the luxury of living in a refined, peaceful setting without giving up Madrid’s sophisticated pulse.Show more1st floor, terrace | €1,190,000 | €9,154 | 130 | 2 | Below fair | −29% | 6 | No read | Engel & Völkers | |
 | Goya, Madrid ciudadGoya · Penthouse, terrace | €1,095,000 | €9,125 | 120 | 2 | Below fair | −29% | 2 | No read | AProperties |
 | Lista, Madrid ciudadLista · 2nd floor, terrace | €1,909,000 | €8,677 | 220 | 2 | Below fair | −29% | 2 | No read | AProperties |
385–408 of 473 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.