Price trends in the capital’s real estate market
In September 2025, the average price per square meter of housing in Madrid was €5,677. Compared to August, there was a slight decrease of 0.8%. However, over the past three months, there has been positive growth of 0.6%. Year-on-year, the increase was significant, reaching 19.4%.
While prices in the Spanish capital are nearing €5,700 per square meter, the national average is significantly lower at €2,517. Across Spain, September saw a 0.7% monthly increase and a 15.3% rise year-on-year. These figures confirm that Madrid remains the most expensive city for homebuyers.
District contrasts: where is it more expensive, where is it cheaper
Within Madrid, price differences between districts remain significant. Salamanca continues to be the most expensive area, with prices reaching €9,706 per square meter, up 17% compared to last year. Next are Chamberi at €8,317 (up 19.2%), Retiro at €7,822 (+29.9%), Chamartin at €7,586 (+18%), and Centro at €7,251 (+13.3%).
On the other end are districts with the most affordable housing. Villaverde offers properties at €2,637 per square meter, up 24.2% from last year. In Puente de Vallecas, the price is €2,971 (+21.8%), Usera — €3,177 (+21.8%), Villa de Vallecas — €3,369 (+16.2%), and Carabanchel — €3,388 (+21.7%).
A brief overview of key trends
In September, the price per square meter in Madrid nearly reached its historic high recorded in August (€5,723). The Retiro district stood out with the fastest annual growth—almost 30%. In Latina and Villaverde, the increase also exceeded 24%. Despite a slight decrease over the month, Salamanca remains considered the city’s most prestigious district. Overall, housing prices in Madrid are more than twice the national average.
