The Salamanca district continues to hold an undisputed leading position in Madrid’s high-end residential market, where value is defined not merely by price per square metre, but by everything that underpins it: history, architecture, the breadth of services on offer, international prestige and consistently strong demand from both domestic and overseas buyers.
In the most sought-after areas of the district, particularly those close to major avenues and green spaces, prices have reached levels comparable to Europe’s prime markets. By the end of 2025, the average price in the neighbourhood stood at around €10,000 per square metre, with peaks of up to €18,500 per square metre in super-prime transactions and year-on-year growth of 23% in areas such as Recoletos and Castellana, where average prices exceeded €16,000 per square metre. In the super-luxury segment, transactions tend to focus on highly distinctive homes: grand apartments with high ceilings, large windows, continuous balconies, marble-clad entrances, restored inner courtyards and, increasingly, comprehensive refurbishments that blend classical charm with contemporary finishes. These are properties designed for a discerning buyer seeking more than simply a “good home”: they are looking for something truly special.
A significant share of the supply comes from historic buildings that have been carefully refurbished, preserving original features such as cornicing, woodwork and patterned hydraulic tiles, while incorporating smart-home technology, zoned climate control, advanced insulation and interior designs by specialist studios. This type of product, scarce and in very high demand, underpins the upper price brackets and sets the tone for the market, with ultra-prime areas such as Recoletos achieving more than €15,000 per square metre in recent transactions.
Neighbourhoods such as Goya (€10,297/m²), Lista (€10,448/m²) and Castellana also offer an attractive range of opportunities. In certain streets, prices may be slightly more moderate than in ultra-prime hotspots — Fuente del Berro, for example, at €7,762 per square metre — yet they retain considerable potential for capital growth, particularly in properties with strong structural fundamentals suitable for refurbishment. For investors, this translates into the opportunity to acquire, transform and reposition assets in an environment where demand for high-quality refurbished homes remains constant.
The buyer profile is diverse: from families seeking a primary residence with all services close at hand, to international investors — from Latin America, the United States and across Europe — looking for a base in Madrid for professional, educational or lifestyle reasons. This diversity underpins a dynamic market that is less reliant on any single source of demand and therefore more resilient over the long term, with historical annual price growth exceeding 24% in certain sub-areas.
In short, the Salamanca District has established itself as a true store of value, combining stability, prestige and liquidity. It is a place where the address on the letterbox matters as much as the square metres, and where every investment is supported by an urban context that is extremely difficult to replicate elsewhere in the city.
If you are looking to take advantage of the current market and enter one of Europe’s most exclusive property landscapes, start exploring with us the luxury homes available in the Salamanca district and choose the one that best suits your way of living and investing.
