Average Housing Price in Madrid Reaches €5,677 per Square Meter in September. In September 2025, Madrid recorded a new high in housing prices. The city remains a leader in cost per square meter, with trends differing from national averages.
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.
