Madrid Housing Prices Approach €6,000/m² Record

Madrid’s residential market continues to reach new highs, with the average housing price rising to €5,861 per square metre in January 2026, according to Idealista. This is the highest level ever recorded in the capital, bringing prices closer than ever to the symbolic €6,000/m² threshold.

The increase reflects 0.7% growth compared to December, 2.7% over the last three months, and a 14.8% rise year-on-year, highlighting the strong demand that continues to drive the city’s housing market despite higher interest rates and limited housing supply.

Madrid also stands far above the national average, where housing prices in Spain currently sit at around €2,650/m², less than half the level of the capital. This growing gap is pushing many buyers, particularly younger residents and families, to consider properties in the metropolitan area or surrounding regions.

Within the city, Salamanca remains the most expensive district, approaching €10,000/m², followed by Chamberí, Chamartín, Retiro, and Centro, where property prices continue to attract high-income buyers and international investors. Meanwhile, districts such as Villaverde, Puente de Vallecas, Usera, and Carabanchel remain comparatively more affordable but are experiencing some of the strongest price increases, reflecting rising demand across all areas of the city.

Source: Madrid Secreto, February 2026