Madrid neighbourhoods we know
The neighbourhoods where we work, with what is actually paid in each.
The best areas to live in Madrid, by price: among the districts where we work, Salamanca is the most expensive: in 2025 the average price declared in title deeds was about €9,406 per square metre. Chamberí follows at about €8,238, then Retiro at €7,469, Chamartín at €7,427 and the Centre at €7,148. All are above the city average of about €5,286. Tetuán, at about €5,447, is very close to that average.
Which is the best area to live in depends on how you want to live: price tells you what is in demand, not what suits you.
Average declared price per square metre, 2025
| District | €/m² declared | Neighbourhoods within it | Our guide |
|---|---|---|---|
| Salamanca | 9,406 | Recoletos, Goya, Fuente del Berro, Guindalera, Lista and Castellana | Salamanca |
| Chamberí | 8,238 | Gaztambide, Arapiles, Trafalgar, Almagro, Ríos Rosas and Vallehermoso | Chamberí (in Spanish) |
| Retiro | 7,469 | Pacífico, Adelfas, Estrella, Ibiza, Los Jerónimos and Niño Jesús | Retiro (in Spanish) |
| Chamartín | 7,427 | El Viso, Prosperidad, Ciudad Jardín, Hispanoamérica, Nueva España and Castilla | Chamartín and El Viso (in Spanish) |
| Centre | 7,148 | Palacio, Embajadores, Cortes, Justicia, Universidad and Sol | Centre (in Spanish) |
| Tetuán | 5,447 | Bellas Vistas, Cuatro Caminos, Castillejos, Almenara, Valdeacederas and Berruguete | Tetuán (in Spanish) |
| City of Madrid | 5,286 |
Average price declared in home sales registered in 2025. Source: Colegio de Registradores de España, Spain’s land registrars, published by Madrid City Council. It is the price that is signed, not the asking price in listings.
Average declared price by neighbourhood, 2025
| Neighbourhood | District | €/m² declared |
|---|---|---|
| Recoletos | Salamanca | 14,109 |
| Castellana | Salamanca | 11,685 |
| Almagro | Chamberí | 10,795 |
| Lista | Salamanca | 10,067 |
| Los Jerónimos | Retiro | 9,950 |
| Goya | Salamanca | 9,639 |
| Justicia | Centre | 9,542 |
| El Viso | Chamartín | 9,382 |
| Ibiza | Retiro | 9,264 |
| Trafalgar | Chamberí | 8,568 |
The ten neighbourhoods with the highest average declared price within the six districts in this guide. Source: Colegio de Registradores de España, published by Madrid City Council; only neighbourhoods with at least 15 sales.
Why we use the price in the title deed
Property portals publish what is asked; the Land Registry records what is signed. That is why we use the price declared in the deed: it is more conservative and closer to reality. A district average mixes very different streets, so take it as a guide, not as the price of your home.
Each neighbourhood in a line
- Salamanca: stately buildings, shops and many of the homes we have for sale; our office is here. With its own guides to Goya and Castellana, in Spanish.
- Chamberí: Madrid with a village feel, with Almagro as its most stately corner.
- Retiro: life around the park, from Ibiza to Los Jerónimos and Niño Jesús.
- Chamartín and El Viso: a calmer pace and, in El Viso, low-rise houses that are much sought after.
- Centre: period apartments, from Justicia and Universidad to Palacio and Cortes.
- Tetuán: Cuatro Caminos and Castillejos, beside the Castellana, with prices closer to the city average.
Where to live in Madrid: choosing the area for your life
If you want shops and classic buildings, Salamanca; a neighbourhood feel, Chamberí; the park close at hand, Retiro; calm and low-rise houses, El Viso; history and evenings out, the Centre. Before deciding, walk the area at different times of day and ask about the specific street, not just the district.
What is your home worth in your neighbourhood?
The district average is a guide. Our view on your own home is the answer.
or message us on WhatsAppFrequently asked questions
What is the most expensive neighbourhood in Madrid?
Of the districts where we work, Salamanca: in 2025 its average price declared in title deeds was about €9,406 per square metre, according to Spain’s land registrars. By neighbourhood, within those districts, Recoletos reaches about €14,109 and Castellana €11,685. Within each neighbourhood there are streets well above the average.
What are the best areas to live in Madrid?
The ones that fit your life. For shops and classic buildings, Salamanca; for a neighbourhood feel, Chamberí; for the park on your doorstep, Retiro; for calm and low-rise houses, El Viso; for history and evenings out, the Centre. Before deciding, walk the area at different times of day and ask about the specific street, not only the district.
What are the best neighbourhoods in Madrid for expats?
There is no single answer: it depends on your work, your family and how you like to live. Many people arriving from abroad look first at central areas with shops and services within walking distance, such as Salamanca, Chamberí or Retiro, and at calmer residential areas such as El Viso. Visit at different times of day before choosing.
Which are the most elegant neighbourhoods in Madrid?
Elegance cannot be measured, but it is easy to recognise. For many, Salamanca, with its grid of stately buildings and its shopping streets; Almagro, in Chamberí; Los Jerónimos, beside the Retiro; and El Viso, in Chamartín. They are also among the neighbourhoods with the highest prices. Our guide to Salamanca tells you what living there is like.