Madrid, Spain
Property prices · 2026 · Europe · Price +2.9% vs 2025
Property price trend in Madrid (2024–2026)
Property comparison — cities in Spain (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Madrid |
|---|---|---|---|---|
| Madrid | EUR 5,885 | EUR 3,638 | EUR 1,391 | — |
| Barcelona | EUR 6,665 | EUR 4,300 | EUR 1,612 | +13.3% |
| Bilbao | EUR 4,085 | EUR 2,688 | EUR 1,075 | -30.6% |
| Malaga | EUR 3,762 | EUR 2,472 | EUR 1,021 | -36.1% |
| Valencia | EUR 3,440 | EUR 2,258 | EUR 968 | -41.5% |
| Seville | EUR 3,010 | EUR 1,935 | EUR 860 | -48.9% |
Other Europe cities (2026)
Frequently asked questions
How much does property cost in Madrid in 2026?
In Madrid, the average price per sqm in the city centre is EUR 5,885, and EUR 3,638 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Madrid in 2026?
A 1-bedroom apartment in Madrid rents for approximately EUR 1,391 per month in 2026. A 3-bedroom apartment costs around EUR 2,247/month.
Is it better to buy or rent in Madrid?
Buying and renting are roughly comparable in Madrid. The price-to-rent ratio is 20.0x — it would take approximately 20.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.90%.
What are mortgage rates in Spain in 2026?
The average mortgage rate in Spain is approximately 3.90% as of 2026. With a price-to-rent ratio of 20.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Madrid changed?
Property prices in Madrid have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Madrid?
The average property price per square metre in Madrid city centre is EUR 5,885 in 2026. Outside the centre, expect to pay around EUR 3,638/sqm.