Madrid

Madrid is Spain’s capital and its biggest economic centre, with a rapidly growing property market. Prices and rents have risen sharply, especially in central districts.

Business district
Nightlife
Fast growing

Indicative figures · our listings & transactions

Median sale: $467.4K
Median rent: $1,957/mo
Price per area: $535/sq ft
Year on year: Up +8.2%vs last year
Days on market: 48days
Walk / transit: 87 / 88/100

Overview

About Madrid

Wide boulevards, grand squares and the Retiro park give Madrid an open, cosmopolitan feel, with a late-night culture. Barrio de Salamanca, Malasaña and Chamberí are among the most desirable districts.

The Metro is extensive, and Cercanías trains link the suburbs and the airport, which is about 30 minutes from the centre. The centre is walkable in sections.

In 2026 the median sale price is about €430K, roughly €5,300 per square metre, and a typical 2-bedroom rental costs about €1,800 a month. Prices are up 8.2% on a year ago and homes take around 48 days to sell, which points to very strong demand.

Summers are hot and winters are cold, so air conditioning and heating matter. Check the energy certificate and the community-of-owners fees for each building.

Fenced contemporary two-storey luxury house with lawn and driveway under cloudy blue sky

Minimalist white and grey modern villa behind a blue swimming pool on a sunny day

Walk score87 / 100

Market

Prices and rents

Typical sale price
$467.4K
Typical rent
$1,957/mo

Madrid is one of the faster-moving markets in our coverage: buyers should expect competition on well-priced homes, and renters should be ready to apply quickly.

Indicative figures from our listings and transactions.