Salamanca

Barrio de Salamanca is Madrid’s most prestigious shopping and residential district, with grid-pattern streets, luxury boutiques and elegant 19th-century apartment buildings. It commands the highest prices in the city.

Upscale
Business district
Quiet

Indicative figures · our listings & transactions

Median sale: $923.9K
Median rent: $3,152/mo
Price per area: $899/sq ft
Year on year: Up +7.0%vs last year
Days on market: 52days
Walk / transit: 95 / 92/100

Overview

About Salamanca

Tall ceilings, portered buildings and upscale shops define the area, with Calle Serrano as its main artery. The Retiro park is a few minutes away on foot.

Metro lines 2, 4, 5, 6 and 9 serve the district, and the Atocha and Chamartín rail stations are a short ride. Many residents walk to the centre.

In 2026 the median sale price is about €850K, roughly €8,900 per square metre, and a typical 2-bedroom rental costs about €2,900 a month. Prices are up 7% on a year ago and homes take around 52 days to sell, which points to very strong demand.

Traffic along Serrano and Velázquez can be heavy, though side streets are quiet. Prime apartments in portered buildings can carry high community fees.

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 score95 / 100

Market

Prices and rents

Typical sale price
$923.9K
Typical rent
$3,152/mo

Salamanca 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.