The seven most luxurious neighborhoods with luxury house for sale in Madrid are Salamanca, Chamberí, Chamartín, Centro, Retiro, Moncloa, and Arganzuela. In addition to Madrid’s most expensive neighborhoods, other areas on the outskirts, well-connected to the city center, also feature high-end properties priced up to €10,000 per square meter (£8.417). If you are considering purchasing in Madrid or exploring Real Estate investment opportunities, Golden Partners provides detailed information on property prices in the most exclusive neighborhoods to help you assess the potential for high returns. Additionally, Spain’s favorable tax regulations, especially in Madrid, offer various benefits to foreign investors when buying Real Estate.
Analysis of the luxury Real Estate market and luxury houses for sale in Madrid
The seven most luxurious neighborhoods with luxury homes for sale in Madrid are Salamanca, Chamberí, Chamartín, Centro, Retiro, Moncloa, and Arganzuela.
In addition to Madrid’s most expensive neighborhoods, other areas on the outskirts, well-connected to the city center, also feature high-end properties priced up to €10,000 per square meter (around £8.417 as of September 2024).
If you are considering purchasing a luxury house for sale in Madrid or exploring Real Estate investment opportunities, Golden Partners provides detailed information on property prices in the most exclusive neighborhoods to help you assess the potential for high returns. Additionally, Spain’s favorable tax regulations, especially in Madrid, offer various benefits to foreign investors when buying Real Estate.
Analysis of the luxury Real Estate market and luxury houses for sale in Madrid
The luxury Real Estate market in Madrid for 2024 is expected to grow steadily. According to the Real Estate Observatory & KPMG, the price of a luxury house for sale in Madrid is projected to increase by 2.92% this year.
This growth continues despite inflationary pressures and high interest rates, driven by a scarcity of high-end properties and sustained demand, especially from international buyers. The market for luxury homes is particularly robust in Madrid, Barcelona, Málaga, and the Balearic Islands.
The value of a luxury house for sale in Madrid rose by 6% in 2023, cementing Madrid's status as one of Spain's most dynamic Real Estate markets.
According to the Spanish National Statistics Institute, housing prices in Madrid increased by 5.88% in the 2Q of 2024 compared to the same period in 2023. The increase is more pronounced for new homes, which saw a 10.42% rise, while second-hand homes experienced a 4.79% increase. Additionally, forecasts suggest a further 2.92% increase in housing prices for the whole of 2024, reflecting continued demand pressures & limited supply in the Madrid Real Estate market.
Although Spain’s Real Estate market is generally slowing down, the luxury segment remains strong due to well-capitalized investors and consistent demand in premium locations. This demand extends beyond purchases to luxury homes for rent in Madrid, particularly among international clients seeking temporary residence in the city.
Property prices of luxury houses for sale in Madrid’s most prestigious neighborhoods
Price disparities among Madrid’s most luxurious neighborhoods are notable. For example, a luxury house for sale in Chamartín (€4,960/m² / £4,175), a district near the Four Towers financial hub, differs significantly from one in Salamanca (€10,127/m² / £8.525), the city’s most exclusive area. Salamanca’s proximity to iconic landmarks like Puerta de Alcalá and Retiro Park, along with its high-end shopping streets, drives the district’s real estate prices.
The following presents the evolution of housing prices for sale in Madrid, according to the latest available data from Idealista:
| Location | Price per m² (August 2024) | Monthly Variation | Year-on-Year Variation |
|---|---|---|---|
Salamanca | 8.057 €/m2 | + 0,8 % | + 19,7 % |
Chamberí | 6.928 €/m2 | + 1,2 % | + 14,6 % |
Chamartín | 6.426 €/m2 | + 0,6 % | + 12,1 % |
Centro | 6.294 €/m2 | + 1,1 % | + 17,0 % |
Retiro | 5.900 €/m2 | + 2,1 % | + 16,5 % |
Moncloa | 5.011 €/m2 | + 2,2 % | + 13,7 % |
Arganzuela | 4.998 €/m2 | + 0,8 % | + 11,4 % |
Tetuán | 4.642 €/m2 | + 0,9 % | + 12,5 % |
Hortaleza | 4.418 €/m2 | 0,0 % | + 11,7 % |
Fuencarral | 4.088 €/m2 | + 1,3 % | + 6,9 % |
Ciudad Lineal | 3.774 €/m2 | + 0,6 % | + 11,5 % |
Barajas | 3.684 €/m2 | - 1,1 % | + 6,1 % |
Moratalaz | 3.200 €/m2 | + 1,6 % | + 15,4 % |
San Blas | 3.076 €/m2 | + 1,6 % | + 10,3 % |
Vicálvaro | 2.990 €/m2 | 0,0 % | + 2,5 % |
Villa de Vallecas | 2.895 €/m2 | + 0,8 % | + 8,9 % |
Latina | 2.890 €/m2 | + 2,4 % | + 12,7 % |
Carabanchel | 2.772 €/m2 | + 1,5 % | + 10,5 % |
Usera | 2.591 €/m2 | + 1,3 % | + 13,1 % |
Puente de Vallecas | 2.444 €/m2 | + 2,9 % | + 10,4 % |
Villaverde | 2.125 €/m2 | + 1,7 % | + 8,8 % |
Housing prices in the most luxurious cities of the Community of Madrid
The Community of Madrid, the region where the capital of Spain is located, also includes other significant cities. In these cities, regional tax incentives are also applicable, attracting many celebrities and high-net-worth investors who decide to invest either for renting or to establish their primary residence.
According to the same data portal, the cities in the Community of Madrid with the highest number of luxury homes (priced at a minimum of 2,500 euros per square meter / £2,104) are:
| Location | Price per m² (August 2024) | Monthly Variation | Year-on-Year Variation |
|---|---|---|---|
La Moraleja | 5.651 €/m2 | 0,007 | 0,052 |
Madrid (capital) | 4.717 €/m2 | 0,021 | 0,175 |
Pozuelo de Alarcón | 3.940 €/m2 | 0,003 | 0,085 |
Majadahonda | 3.692 €/m2 | - 0,5 % | 0,021 |
Fuente del Fresno | 3.351 €/m2 | 0,081 | 0,262 |
Las Rozas de Madrid | 3.318 €/m2 | 0,018 | 0,043 |
Tres Cantos | 3.143 €/m2 | - 5,1 % | - 2,8 % |
San Sebastián de los Reyes | 3.117 €/m2 | 0,023 | 0,125 |
Boadilla del Monte | 3.034 €/m2 | - 1,1 % | 0,033 |
Ciudalcampo | 2.989 €/m2 | 0,007 | 0,009 |
Alcobendas | 2.975 €/m2 | 0,008 | 0,082 |
Santo Domingo | 2.750 €/m2 | - 0,3 % | 0,093 |
Villanueva del Pardillo | 2.666 €/m2 | 0,009 | 0,093 |
Torrelodones | 2.649 €/m2 | 0,027 | 0,1 |
Brunete | 2.612 €/m2 | 0,024 | 0,072 |
Rivas-Vaciamadrid | 2.584 €/m2 | 0,008 | 0,072 |
Villaviciosa de Odón | 2.578 €/m2 | 0,007 | 0,101 |
Ajalvir | 2.531 €/m2 | 0,003 | 0,119 |
Increasing international demand for luxury houses for sale and rent in Madrid
Demand for luxury homes for sale in Madrid continues to grow, driven by local and international buyers. The city is considered a safe and profitable destination for Real Estate investment, with particular interest from Latin American countries such as Mexico, Chile, and Colombia, as well as European investors from France and the UK. This interest also extends to luxury houses to rent in Madrid, sought by high-net-worth individuals for short-term stays.
In 2024, the nationalities that invest the most in luxury Real Estate in Madrid include Latin Americans, particularly from Mexico, Chile, and Colombia, attracted by the city’s political and economic stability. European investors, such as the French and British, also stand out, viewing Madrid as a safe and profitable opportunity in the luxury real estate market.
At Golden Partners, we can confirm that the foreign investors who invest the most in Madrid’s most luxurious neighborhoods come from the following countries, both within and outside the EU:
- Chile
- Mexico
- Peru
- Costa Rica
- United Kingdom
- United States
- Netherlands
- Belgium
- France
- Germany
- United Arab Emirates
- China
- Norway
Madrid offers a unique opportunity for luxury Real Estate investment. Its combination of quality of life, Western climate, economic stability, and growing international appeal makes the city an ideal destination for the most discerning investors.
Madrid’s most luxurious neighborhoods not only represent a status symbol but also a safe and profitable long-term investment, both for investors and their families, as well as for purely investment purposes such as rentals or commercial activities.
Looking for a lawyer for Real Estate in Madrid?
Golden Partners specializes in providing personalized services to clients seeking to purchase or rent a luxury home in Madrid. We leverage deep market knowledge and an exclusive network to find properties that meet your investment goals.
Discover why Madrid is the ideal location for your next international investment.
We offer personalized assistance through our contact form.
