Madrid, Spain
Property prices · 2024 · Europe
Property price trend in Madrid (2024–2026)
Property comparison — cities in Spain (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Madrid |
|---|---|---|---|---|
| Madrid | EUR 5,500 | EUR 3,400 | EUR 1,300 | — |
| Barcelona | EUR 6,200 | EUR 4,000 | EUR 1,500 | +12.7% |
| Bilbao | EUR 3,800 | EUR 2,500 | EUR 1,000 | -30.9% |
| Malaga | EUR 3,500 | EUR 2,300 | EUR 950 | -36.4% |
| Valencia | EUR 3,200 | EUR 2,100 | EUR 900 | -41.8% |
| Seville | EUR 2,800 | EUR 1,800 | EUR 800 | -49.1% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Madrid in 2024?
In Madrid, the average price per sqm in the city centre is EUR 5,500, and EUR 3,400 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Madrid in 2024?
A 1-bedroom apartment in Madrid rents for approximately EUR 1,300 per month in 2024. A 3-bedroom apartment costs around EUR 2,100/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 2024?
The average mortgage rate in Spain is approximately 3.90% as of 2024. With a price-to-rent ratio of 20.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Madrid?
The average property price per square metre in Madrid city centre is EUR 5,500 in 2024. Outside the centre, expect to pay around EUR 3,400/sqm.