Luxury house for sale in Madrid: Top neighborhoods for high-return Real Estate investments in 2024

Panoramic view of classic French-style buildings in Salamanca district, luxury house for sale in Madrid, sunny day in the city center

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.

Table of Contents
Looking to purchase a luxury home in Madrid?
Modern two-story luxury home with private pool and garden for sale in El Viso, Madrid, near Santiago Bernabeu and Nuevos Ministerios. Exclusive real estate in a prime central location, featuring a private parking entrance and upscale neighborhood.

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:

LocationPrice per m² (August 2024)Monthly VariationYear-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 €/m20,0 %+ 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 €/m20,0 %+ 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:

LocationPrice per m² (August 2024)Monthly VariationYear-on-Year Variation

La Moraleja

5.651 €/m20,0070,052

Madrid (capital)

4.717 €/m20,0210,175

Pozuelo de Alarcón

3.940 €/m20,0030,085

Majadahonda

3.692 €/m2- 0,5 %0,021

Fuente del Fresno

3.351 €/m20,0810,262

Las Rozas de Madrid

3.318 €/m20,0180,043

Tres Cantos

3.143 €/m2- 5,1 %- 2,8 %

San Sebastián de los Reyes

3.117 €/m20,0230,125

Boadilla del Monte

3.034 €/m2- 1,1 %0,033

Ciudalcampo

2.989 €/m20,0070,009

Alcobendas

2.975 €/m20,0080,082

Santo Domingo

2.750 €/m2- 0,3 %0,093

Villanueva del Pardillo

2.666 €/m20,0090,093

Torrelodones

2.649 €/m20,0270,1

Brunete

2.612 €/m20,0240,072

Rivas-Vaciamadrid

2.584 €/m20,0080,072

Villaviciosa de Odón

2.578 €/m20,0070,101

Ajalvir

2.531 €/m20,0030,119

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.

Smiling couple in their 40s, dressed elegantly, standing in front of their new luxury real estate property in Madrid. The husband is a businessman, and the wife is stylishly dressed, celebrating their new home.

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.

Contact The Golden Partners
Specialists in Real Estate and Immigration Law
Categories
Related posts
Real Estate Spain
Luxury villa with sea views, pool, and garden in Javea, Spain – Houses for sale in Javea Spain
Discover prime houses for sale in Javea Spain. Luxury villas, sea views, and investment opportunities in this stunning Mediterranean hotspot.
Real Estate Spain
Panoramic view of classic French-style buildings in Salamanca district, luxury house for sale in Madrid, sunny day in the city center
Explore luxury houses for sale in Madrid’s top neighborhoods like Salamanca and Chamartín. Learn about Real Estate investments and tax benefits
Real Estate Spain
Businessman and wife in front of their newly purchased modern two-story villa with large windows, pool, and greenery in an exclusive Madrid neighborhood — buy Real Estate in Spain
Yes, foreigners can buy real estate in Spain. Learn the legal process to purchase property and make your dream of owning a home in Spain a reality
Real Estate Spain
Luxury apartment in Madrid with terrace, two sun loungers, and panoramic views of Madrid city center on a sunny day.
Is it better to buy or rent luxury apartments in Madrid? The ideal choice depends on your financial strategy, long-term goals, and lifestyle preferences
Real Estate Spain
A woman wonders which are the taxes to pay for Real Estate in Spain when buying a property in Spain.
If you are looking to buy luxury Real Estate in Spain, you have come to the right place. Golden Partners tells you all keys for a successful investment
Golden Visa
A view of Madrid to wonder how to move to Spain without a Golden Visa: yet, reconsider as obtaining one may be advantageous
Golden Partners explains what both Golden Visa and Non-Lucrative Visa permit and why you should consider the Golden Visa if you have the funds.